Genius Group responds to abnormal stock fluctuations: reserves the right to hold accountable for any illegal or manipulative actions
According to Odaily, US-listed Bitcoin treasury company Genius Group responded to NYSE American’s request for clarification on unusual market trading of its shares. Reportedly, the company’s stock price surged from $0.24 to $0.52 on May 27, a maximum intraday increase of 116%.
Genius Group stated that there have been no undisclosed significant developments in its business or operations. Previously, it disclosed that the board had approved an AI treasury strategy, with plans to invest up to $100 million in the AGI Infinity portfolio involving SpaceX, OpenAI, and others. In addition, its first round of Bitcoin shareholder rewards has ended, and the second round will launch on June 1. The company has also requested US market monitoring company Shareholder Intelligence to conduct a special analysis of market trading while reserving the right to pursue legal action against any illegal or manipulative behavior. (Globenewswire)
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