Genius Group’s Bitcoin Holdings Under Pressure: Legal Actions Impact Financial Strategy

Singapore-based education and technology firm, Genius Group, is facing legal hurdles in liquidating its Bitcoin holdings, impacting fundraising, stock issuance, and future investments. A US court imposed restrictions on the company’s financial activities following a dispute with Fatbrain AI. These legal proceedings stemmed from allegations of misconduct by shareholders and an investigation by the US Securities and Exchange Commission (SEC). The restrictions forced Genius Group to convert its Bitcoin reserves into cash, leading to a significant drop in its stock price from $0.47 to $0.22.