Genius Group wins federal court ruling in RICO lawsuit
The Southern District of Florida denied motions to dismiss Genius Group's claims, allowing the case seeking nearly $1 billion to proceed.
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In short: Genius Group resumed Bitcoin purchases, secured court wins, and reported H1 2026 revenue up 140% and a 79% cut in net loss.
The Southern District of Florida denied motions to dismiss Genius Group's claims, allowing the case seeking nearly $1 billion to proceed.
The Second Circuit formally vacates the March 2025 order, allowing the company to proceed with its $1.2 billion capital plan and dual Bitcoin and AI treasury strategy.
The strategy utilizes perpetual preferred securities to maximize net asset value per share without dilution while targeting substantial investments in artificial intelligence and Bitcoin by 2031.
Unaudited mid-2026 net assets per share reach $0.62; company eliminates third-party debt, cuts liabilities 37%, and trades at 0.26x price-to-book vs peers at 2.6x.
Purchases are the next step in the Company's $1.2 billion dual treasury capital plan targeting $827 million in Bitcoin and $800 million in AI...
U.S. District Court for the Southern District of Florida denies motions to dismiss filed by all defendants, permitting Genius Group's Racketeer...
Gross Profit, growth in net assets to $106 millionCompany restructure in H1 2026 has resulted in profitable operating units, 99...
Summit to be hosted at site of Genius City in Nuanu, Bali, Indonesia, with speakers including Futurists Dr Michio Kaku and Peter Diamandis. SINGAPORE, Sept...
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