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Following its announcement yesterday, Rezolve Ai Limited (RZLV) is providing further clarification on its $1 billion Bitcoin-backed treasury program, a move designed not only to integrate AI, commerce, and digital assets but also to accelerate the commercialization of Bitcoin as a mainstream currency through Rezolve Ai’s upcoming crypto payment platform.
Rezolve Ai has entered into a Securities Purchase Agreement (SPA) to issue up to $1 billion in Convertible Notes, with an initial $100 million allocated for Bitcoin acquisition through a newly established, wholly owned subsidiary. Additional closings of up to $900 million may follow over the next three years.
Investors will have the option to convert the initial $100 million of notes into Rezolve Ai ordinary shares at a conversion price of $3 per share, representing a significant premium to the current market price. Future closings will be based on the 20-day volume-weighted average price (VWAP) of the shares at the time of issuance.
Unlike traditional treasury allocations, this Bitcoin treasury initiative is directly linked to Rezolve Ai’s AI-driven crypto payment platform, set to launch later this year. This platform, first announced in 2024, will allow retailers and consumers to seamlessly transact in Bitcoin, Tether, and other digital assets without merchants assuming exchange rate risks.
CEO Commentary
Daniel M. Wagner, CEO and Chairman of Rezolve Ai, commented:
"Bitcoin’s next chapter is not just about being a store of value - it’s about becoming a functional, global currency. With our upcoming AI-driven crypto payment platform, we will enable Bitcoin’s use as a practical means of transaction, bridging the gap between digital assets and real-world commerce. By integrating Bitcoin into mainstream payments, we believe we will drive both adoption and value creation, reinforcing its position as the future of global finance."