Genius Group Limited, a publicly traded entity on the New York Stock Exchange, has unveiled a strategic profit allocation plan following recent legal developments. According to a report by GlobeNewswire, the company’s board has resolved that any net proceeds derived from ongoing litigation will be equally divided between shareholder dividends and reinvestment in Bitcoin reserves. This dual approach aims to enhance shareholder value by providing immediate returns while simultaneously strengthening the company’s cryptocurrency holdings.
CEO Roger Hamilton emphasized that Genius Group is actively pursuing two significant legal claims, collectively exceeding $1 billion. These lawsuits are designed to recoup losses directly impacting shareholders, underscoring the board’s commitment to channeling recovered funds exclusively towards shareholder benefit. By allocating half of the proceeds to Bitcoin acquisitions, Genius Group is strategically positioning itself to capitalize on the growing digital asset market, reflecting a prudent balance between liquidity and long-term asset growth.