{"id":154693,"date":"2025-04-05T12:00:03","date_gmt":"2025-04-05T09:00:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154693"},"modified":"2025-04-05T04:38:28","modified_gmt":"2025-04-05T01:38:28","slug":"genius-groups-bitcoin-expansion-halted-by-u-s-court-ruling","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/genius-groups-bitcoin-expansion-halted-by-u-s-court-ruling\/","title":{"rendered":"Genius Group\u2019s Bitcoin Expansion Halted by U.S. Court Ruling"},"content":{"rendered":"<p>A recent U.S. court <strong><a href=\"https:\/\/ir.geniusgroup.net\/news-events\/press-releases\/detail\/176\/genius-group-blocked-from-raising-funds-and-buying-bitcoin\" target=\"_blank\" rel=\"nofollow\">ruling<\/a> <\/strong>temporarily bars the company from raising funds, issuing shares, or buying more Bitcoin, complicating its financial strategy. The restriction stems from a broader legal dispute related to the company\u2019s merger with Fatbrain AI.<\/p>\n<p>The merger, completed in March 2024, soon 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 motion to block Genius from making any financial moves, including acquiring more Bitcoin. The court granted this request in mid-March.<\/p>\n<p>As a result, Genius Group has had to downsize its operations, close some divisions, and even sell 10 Bitcoins from its 440-coin treasury to keep afloat. The company acknowledged that if the legal freeze remains, further Bitcoin sales might be necessary. CEO Roger James Hamilton expressed frustration, arguing that the ruling puts the company at odds with Singaporean regulations, which mandate share compensation for employees.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/as-trumps-tariffs-unfold-whats-next-for-bitcoin-and-the-crypto-market\/\" title=\"As Trump\u2019s Tariffs Unfold, What\u2019s Next for Bitcoin and the Crypto Market?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/photo_2024-04-26_16-34-38-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">As Trump\u2019s Tariffs Unfold, What\u2019s Next for Bitcoin and the Crypto Market?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Fatbrain AI has also faced backlash from its own shareholders, who accused its leadership of fraud during the merger, leading to lawsuits. Although Genius Group has been dismissed from these suits, the legal fallout continues to cast a shadow over both companies.<\/p>\n<p>Amid the turmoil, Genius Group\u2019s ambitions to expand its Bitcoin holdings have stalled. The firm originally planned to hold 90% of its reserves in Bitcoin, aiming for a total of $120 million. Despite this setback, Hamilton remains committed to Bitcoin as a long-term strategy.<\/p>\n<p>Financially, the impact has been harsh. Genius Group\u2019s stock has plummeted, dropping nearly 10% recently and continuing to fall after hours. Once valued at over $96 in 2022, the stock now trades at a fraction of that, reflecting the ongoing challenges the company faces.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genius Group, a Singapore-based AI firm, has hit a legal snag in its plans to expand its Bitcoin treasury.<\/p>\n","protected":false},"author":3,"featured_media":147152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-154693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Genius Group\u2019s Bitcoin Expansion Halted by U.S. Court Ruling<\/title>\n<meta name=\"description\" content=\"Genius Group, a Singapore-based AI firm, has hit 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