Genius Group Plans $535 Million Bitcoin Purchase With Legal Wins

Genius Group, a global education company, has announced an ambitious plan to purchase a significant amount of Bitcoin if it succeeds in two ongoing legal cases seeking over $1 billion in damages. The company has approved a strategy to split any future legal winnings, with half going to shareholders as a special dividend and the other half used to acquire Bitcoin. This move is part of Genius Group's strategy to diversify its assets and capitalize on the growing interest in cryptocurrencies.

The first lawsuit, filed under the Racketeer Influenced and Corrupt Organizations Act (RICO), targets several individuals, including former SEC Chairman John Clayton, with Genius Group seeking more than $750 million in damages. The second lawsuit, still being finalized, focuses on naked short selling and spoofing, with the company expecting at least $262 million in damages, a figure likely to grow with updated trading records. CEO Roger Hamilton emphasized that these lawsuits are aimed at recovering losses directly caused to shareholders.

If both legal cases succeed, shareholders could receive a $7 per share dividend. The company aims to add 5,000 BTC to its treasury, which would be worth over $535 million at current prices. This would mark one of the most aggressive BTC buys by a public company in recent memory. Genius Group has already started building a Bitcoin treasury, boosting its BTC holdings by over 50% earlier this month and aiming to accumulate 1,000 BTC. If the legal strategy pays off, the company could fast-track that goal.

Hamilton acknowledged the uncertainty of the legal outcomes but floated a best-case scenario where justice prevails and Bitcoin climbs. "Wouldn’t that be the ultimate irony," he added, "where victims end up making 100x what the crooks stole from them because we fought back." The message is clear: Genius Group is betting that legal wins can fund both shareholder rewards and long-term Bitcoin growth.

There is no timeline yet for how long the lawsuits will take or how much might be recovered. Any payouts will depend on final damages, legal fees, taxes, and regulatory approvals. However, the company's proactive approach to managing its financial affairs is evident. By pursuing legal action and investing in Bitcoin, Genius Group is not only seeking to recover damages from alleged wrongdoings but also to capitalize on the opportunities presented by the cryptocurrency market. This dual focus on legal recourse and investment diversification highlights the company's strategic vision and its commitment to maximizing shareholder value.

In summary, Genius Group's plans to purchase Bitcoin if it succeeds in its $1 billion lawsuits represent a bold and forward-thinking move. By combining legal action with a strategic investment in digital assets, the company is positioning itself for both immediate and long-term gains. This approach reflects a growing trend among corporations to integrate cryptocurrencies into their financial strategies, recognizing their potential for growth and stability in an uncertain economic landscape.