Genius Group Limited, a Singapore-based education and AI-driven edtech firm, announced plans to channel potential proceeds from two major lawsuits into expanding its Bitcoin treasury. The company is pursuing combined damages exceeding $1 billion through a filed Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit against LZGI International for over $750 million, and a second pending lawsuit expected to claim at least $262 million based on recent data.
According to CEO Roger Hamilton, any successful lawsuit recovery will directly benefit shareholders, with 50% of winnings planned for distribution as special dividends, and the remaining 50% allocated toward purchasing Bitcoin. This innovative strategy marks a shift from traditional asset management, positioning Genius Group to acquire approximately 5,000 BTC valued around $107,000 each at current market prices.
The company has already increased its corporate Bitcoin treasury by over 50% in recent acquisitions and aims to add 1,000 BTC more. While these initiatives depend on legal outcomes that are not guaranteed, Genius Group’s approach could set a precedent for educational and other firms to adopt crypto-focused treasury management strategies.
This move comes after the company faced temporary restrictions on selling shares and utilizing investor funds for Bitcoin purchases, which were later lifted. The strategic integration of legal victories with cryptocurrency accumulation reflects increasing institutional interest in Bitcoin as a treasury asset and may influence market dynamics.