Techub News reports that Genius Group, a publicly listed AI company in the United States (NYSE: GNS), has announced that its board of directors has approved a distribution plan that covers all future legal victory proceeds. The net proceeds will be evenly distributed to shareholders and used to purchase Bitcoin for its Bitcoin treasury, with 50% of the recovered net losses allocated for Bitcoin purchases. Genius Group CEO Roger Hamilton stated, “The company is facing two legal lawsuits, one has been filed and the other is pending. The total compensation we are seeking exceeds $1 billion. Since the purpose of the company filing these two lawsuits is to recover losses directly caused to our shareholders by third parties, the board believes that all proceeds from these cases, once victorious, should be 100% directly distributed to shareholders or reinvested.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
