Close Menu
Cryprovideos
    What's Hot

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Cardano Developer IOG Flags Unconstitutional Conduct

    June 4, 2025

    Crypto Funds Agency MoonPay Secures New York BitLicense – Decrypt

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»Genius Group’s Bitcoin Enlargement Halted by U.S. Courtroom Ruling
    Genius Group’s Bitcoin Enlargement Halted by U.S. Courtroom Ruling
    Bitcoin

    Genius Group’s Bitcoin Enlargement Halted by U.S. Courtroom Ruling

    By Crypto EditorApril 5, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Genius Group, a Singapore-based AI agency, has hit a authorized snag in its plans to broaden its Bitcoin treasury.

    A current U.S. courtroom ruling briefly bars the corporate from elevating funds, issuing shares, or shopping for extra Bitcoin, complicating its monetary technique. The restriction stems from a broader authorized dispute associated to the corporate’s merger with Fatbrain AI.

    The merger, accomplished in March 2024, quickly turned contentious as Genius Group accused Fatbrain AI executives of fraud and initiated arbitration to undo the deal. In response, Fatbrain AI executives filed a movement to dam Genius from making any monetary strikes, together with buying extra Bitcoin. The courtroom granted this request in mid-March.

    In consequence, Genius Group has needed to downsize its operations, shut some divisions, and even promote 10 Bitcoins from its 440-coin treasury to maintain afloat. The corporate acknowledged that if the authorized freeze stays, additional Bitcoin gross sales could be vital. CEO Roger James Hamilton expressed frustration, arguing that the ruling places the corporate at odds with Singaporean laws, which mandate share compensation for workers.

    Fatbrain AI has additionally confronted backlash from its personal shareholders, who accused its management of fraud in the course of the merger, resulting in lawsuits. Though Genius Group has been dismissed from these fits, the authorized fallout continues to forged a shadow over each corporations.

    Amid the turmoil, Genius Group’s ambitions to broaden its Bitcoin holdings have stalled. The agency initially deliberate to carry 90% of its reserves in Bitcoin, aiming for a complete of $120 million. Regardless of this setback, Hamilton stays dedicated to Bitcoin as a long-term technique.

    Financially, the influence has been harsh. Genius Group’s inventory has plummeted, dropping practically 10% just lately and persevering with to fall after hours. As soon as valued at over $96 in 2022, the inventory now trades at a fraction of that, reflecting the continuing challenges the corporate faces.

    Genius Group’s Bitcoin Enlargement Halted by U.S. Courtroom Ruling

    Telegram





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025
    Latest Posts

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    Moscow Trade Launches Bitcoin Futures For Certified Buyers

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Blockchain Life 2025 hosts Worldwide crypto leaders in Moscow

    April 28, 2025

    Final Likelihood for Greatest Crypto Presale to Purchase as AI Meme Coin Launch Nears

    May 28, 2025

    Is It Too Late to Purchase AVA? AVA (Travala) Worth Skyrockets 304% And May Be The Subsequent Crypto To Explode

    December 14, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.