Genius Group's board approves a potential $1 billion lawsuit settlement distribution plan, intended to support increased holdings of BTC

ChainCatcher news, according to Globenewswire, the board of the US-listed AI education technology company Genius Group has approved a distribution plan. In the future, if the company wins any litigation compensation, 50% of the net proceeds will be used to pay special dividends to shareholders, and the other 50% will be invested in Bitcoin as the company's treasury reserves.

It is reported that Genius Group CEO Roger Hamilton stated that they are currently pursuing two compensation claims, seeking a total compensation amount of over $1 billion.