Genius Group says it’s been banned from buying more Bitcoin

">">Singapore-based artificial intelligence firm Genius Group says it’s temporarily barred from expanding its Bitcoin treasury after a US court order has banned it from selling shares, raising funds and using investor funds to buy more Bitcoin.A New York District court issued the preliminary injunction (PI) and temporary restraining order (TRO) on March 13 in connection with a broader dispute surrounding its merger with Fatbrain AI, the Genius Group https://ir.geniusgroup.net/news-events/press-releases/detail/176/genius-group-blocked-from-raising-funds-and-buying-bitcoin

The stock hit an all-time high of over $96 in June 2022 but has since lost over 99% of its value.

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