AI-driven edtech company Genius Group has announced plans to distribute potential winnings from two billion-dollar lawsuits to its shareholders and allocate a portion of the funds to grow its Bitcoin holdings.
In a press release issued Thursday, the company’s board of directors approved a strategy to repurpose any financial gains from the lawsuits—collectively seeking over $1 billion in damages—for shareholder benefit and strategic investment.
One of the lawsuits, filed under the Racketeer Influenced and Corrupt Organizations Act (RICO), targets LZGI International and seeks more than $750 million in damages. The second lawsuit is expected to be filed soon, according to Genius Group CEO Roger Hamilton.
Based on 2023 data, the company estimates potential claims of at least $262 million, with figures likely to rise to reflect damages incurred in 2024 and 2025.
“These lawsuits are intended to recover losses suffered by our shareholders due to the actions of the defendants,” Hamilton stated. “The Board is committed to ensuring that 100% of any successful proceeds are either directly distributed or reinvested for the shareholders’ benefit.”
Dividing Lawsuit Proceeds Equally
According to CEO Roger Hamilton, 50% of any legal winnings will be paid out to shareholders as a special dividend, while the remaining half will be used to bolster the company’s Bitcoin treasury.
If Genius Group prevails in both lawsuits, shareholders could receive a dividend of $7 per share, and the company plans to purchase approximately 5,000 BTC—based on current market prices of around $107,000 per Bitcoin.
The company added that any future legal recoveries would follow the same 50/50 distribution model. However, it emphasized that there is no guarantee of a favorable outcome or any payouts from the ongoing cases.
Genius Group Embarks on Aggressive Bitcoin Accumulation
On June 17, Genius Group boosted its corporate Bitcoin treasury by over 50% following a series of BTC purchases, as part of its broader goal to accumulate 1,000 BTC.
The company had previously faced a temporary ban restricting it from selling shares, raising capital, or using investor funds to buy Bitcoin. However, the restriction was lifted after a month, allowing Genius Group to resume its crypto acquisition strategy.
