Genius Group Ordered to Sell its Bitcoins

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Genius Group, an AI-driven education company, announced it must sell its Bitcoin holdings following a US court order preventing the sale of shares, fundraising, or Bitcoin purchases.

The company was compelled to reduce its Bitcoin holdings from 440 to 430 due to a preliminary injunction issued by the US District Court for the Southern District of New York on March 13.

This order is part of ongoing legal proceedings involving Genius Group and parties linked to Fatbrain AI. In October 2024, Genius Group initiated arbitration to terminate its Asset Purchase Agreement (APA) with Fatbrain AI. By December, both companies had agreed to a preliminary injunction concerning the agreement.