Genius Group Limited, an AI-powered education company, has filed a lawsuit against Peter Ritz and Michael Moe from LZGI International, seeking over $450 million in damages. This action, filed under the Racketeer Influenced and Corrupt Organizations Act (RICO), stems from allegations that the defendants engaged in fraudulent activities to manipulate shareholder interests and drain resources ...
Genius Group, an AI firm based in Singapore, is facing a temporary ban on expanding its Bitcoin holdings due to a U.S. court order. This order prohibits the company from selling shares, raising funds, or using investor money to purchase more Bitcoin. The court’s decision is linked to Genius Group’s merger with Fatbrain AI, which ...
Genius Group (NYSE: GNS) has significantly increased its Bitcoin holdings to 420 BTC, totaling a $40 million investment at an average price of $95,912 per Bitcoin. This move aligns with its announced “Bitcoin-first” strategy, which aims to hold over 90% of its reserves in Bitcoin and ultimately reach $120 million in Bitcoin assets. The company ...
Bitcoin adoption among U.S.-listed companies is gaining momentum, with the recent notable purchase by Genius Group (GNS), which has increased its bitcoin holdings to $35 million. Acquiring 372 BTC at an average price of $94,047 each, GNS is following its “Bitcoin-first” strategy introduced last November. Additionally, the company is launching a rights offering for shareholders ...
Genius Group Ltd. saw its stock price rise by 11%, reaching about $0.72, after announcing an expansion of its Bitcoin Treasury to $30 million. This increase, which includes a new $10 million investment, takes the total Bitcoin holdings to 319.4 BTC. Since acquiring its first Bitcoin in November, the company has reported an impressive yield ...
Genius Group Limited (GNS) experienced an 11% increase in its stock price, reaching around $0.72, after announcing an expansion of its Bitcoin holdings to $30 million. The company now owns 319.4 Bitcoins, after adding $10 million to its original investment. Since it began purchasing Bitcoin in November, Genius Group has reported a remarkable 1,649% yield ...
