Genius Group Ltd (AMEX:GNS) shares are trading lower on Thursday following news that the company is being compelled to sell its Bitcoin treasury.
The move comes after a court ruling in the U.S. District Court Southern District of New York, which blocked Genius from selling shares, raising funds and using investor money to purchase Bitcoin.
This injunction was granted as part of a larger legal battle with Fatbrain AI, part of Lzg International Inc (OTC:LZGI), where Genius had initiated arbitration to terminate its asset purchase agreement with the company.
The …
