Bitcoin Pepe price outlook as Genius Group looks at Bitcoin buys from lawsuit winnings

Artificial intelligence-powered edtech company Genius Group has announced plans to distribute potential proceeds from two multibillion-dollar lawsuits to its shareholders and allocate part of the funds to expand its Bitcoin holdings.

As more companies plan to boost their Bitcoin holdings, Bitcoin Pepe, an early-stage project, is building momentum.

Lawsuit winnings

The board of directors of Genius Group has approved a plan to use any potential winnings from two legal cases—one filed and one pending—to either directly benefit shareholders or reinvest in the company.

The combined value of damages sought exceeds $1 billion.

One of the lawsuits, filed under the Racketeer Influenced and Corrupt Organizations Act (RICO), targets LZGI International with a claim of over $750 million.

A second lawsuit, which Genius Group CEO Roger Hamilton says is forthcoming, is expected to seek at least $262 million based on 2023 data, with the final amount likely to increase as damages from 2024 and 2025 are included.

Hamilton emphasized that the goal of both lawsuits is to recover losses incurred by shareholders.

He added that the board believes 100% of any proceeds should be distributed to or reinvested for the benefit of shareholders.

On Friday, Bitcoin was trading at $106,868.66, down 0.47% in the last 24 hours as traders continued to book profits after a strong spell. The world’s largest cryptocurrency by marketcap is down 5% from its all time high in May.

Bitcoin treasury expansion

Under the proposed plan, 50% of any winnings will be paid out as a special dividend to shareholders, while the remaining 50% will be used to expand the company’s Bitcoin treasury.

If both lawsuits are successful, Genius Group expects to issue a $7 per share dividend and acquire 5,000 BTC based on the current market price of approximately $107,000 per Bitcoin.

The company noted, however, that there is no guarantee of a favorable outcome or resulting payouts.

On June 17, Genius Group increased its Bitcoin holdings by over 50% through a series of acquisitions, aiming to eventually hold 1,000 BTC in its corporate treasury.

The company had previously been under a temporary restriction that barred it from selling shares, raising funds, or using investor money to purchase Bitcoin. That restriction was lifted after one month.

Bitcoin Pepe gains traction with infrastructure-driven approach

Genius Group’s plans to buy more Bitcoin to make a treasury of the crypto asset are the latest move among many companies’ actions regarding Bitcoin.

Recently, Panther Metals unveiled plans to acquire £4 million (approximately $5.4 million) worth of Bitcoin. Michael Saylor’s Strategy and MetaPlanet also increased their Bitcoin holdings recently.

Bitcoin Pepe is positioning itself within this evolving landscape. Unlike meme tokens that depend primarily on hype, the project aims to integrate viral appeal with infrastructure development.

Functioning as a Layer 2 solution, Bitcoin Pepe leverages Bitcoin’s base-layer security while aiming to deliver the scalability seen in platforms like Solana. This combination sets it apart from many other meme-based cryptocurrencies.

The project’s infrastructure-first strategy appears to be resonating with investors, as evidenced by a presale that has already raised over $15.9 million.

Confirmed exchange listings on MEXC and BitMart have contributed to the project’s momentum.

A listing announcement is scheduled for June 30, further boosting interest as the presale continues.

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