Genius Group Board approves potential $1 billion in litigation proceeds to be distributed to shareholders and purchase Bitcoin

According to Foresight News, Genius Group (NYSE: GNS), a US listed AI company, announced that its board of directors has approved a distribution plan that covers all future legal gains. 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 used to purchase Bitcoin. Genius Group CEO Roger Hamilton said, "The company is facing two legal lawsuits, one filed and the other pending. The total amount of compensation we are seeking exceeds $1 billion. As the purpose of the company filing these two lawsuits is to recover losses directly caused to our shareholders by third parties, the board of directors believes that all proceeds from winning these cases should be 100% directly distributed to shareholders or reinvested for the benefit of shareholders