REG - Amazing AI PLC - Bitcoin Treasury Custodian

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RNS Number : 3066Y  Amazing AI PLC  08 September 2025

8 September 2025

 

Amazing AI plc

 

("AAI", the "Company" or the "Group")

 

AAI Appoints BitGo as Bitcoin Treasury Custodian

 

 

Amazing AI plc (AQSE: AAI) - 8 September 2025: AAI, a global fintech group
specialising in online consumer loans and AI finance-related services,
announces the completion of onboarding and the appointment of BitGo Trust
Company, Inc. ("BitGo"), a leading global bitcoin treasury custodian, with the
opening of AAI's bitcoin cold wallet custodian account. The formal legal
advice in relation to AAI accumulating long-term bitcoin exposure is in the
process of being finalised and the Company anticipates that it will be able to
commence purchases in mid-September 2025.

 

In addition, AAI has hired two highly experienced, non-Board, UK executives to
spearhead the growth of AAI's best-of-breed AI finance-related services
division with Chris Birney appointed as Global Sales Director and Iain
Cheshire appointed as Global AI Technology Director.

 

Paul Mathieson, CEO of Amazing AI plc said, "We are pleased to have appointed
BitGo, a leading global bitcoin custodian, and look forward to the launch of
our Bitcoin Treasury. We are also excited to have secured key UK executive
talent to spearhead our best-of-breed AI finance-related services
international business."

 

BitGo - AAI Bitcoin Treasury Custodian

 

BitGo is one of the world's largest regulated custodians of bitcoin who are
highly experienced in setting up Bitcoin Treasuries and act for over 1,500
institutional clients in over 50 countries and hold over 100 billion USD of
assets on their platform as custodian. BitGo will provide AAI's bitcoin
treasury industry standard, secure cold wallet storage with bank-grade vaults,
avoiding crypto exchange hot wallet risk. For more information please visit
www.bitgo.com (http://www.bitgo.com)

 

Amazing AI Services UK Executives

 

Chris Birney is a senior sales, business development and customer success
professional with a 20-year track record in securing new business and growing
businesses in the credit, financial services and fintech sectors. Chris has
held strategic business development and leadership roles in financial
services, working with providers offering a range of credit data (Credit
Bureau and Open Banking) and technology service offerings (SaaS platforms and
AI) across the credit lifecycle. Chris has worked for three UK based credit
rating agencies - Experian, Equifax and Transunion - and has broader
international experience working in sales for a UK based fintech, Provenir (AI
decisioning software) and, more recently, as Head of Global Sales for Fintern
Ltd's subsidiary, Render (AI credit decisioning software).

 

Iain Cheshire has over 35 years of leadership experience across the UK
financial services industry. He has held senior positions at Lloyds Bank,
Firstplus, Picture Financial, AA Financial Services, and Starling Bank, with a
focus on credit risk, lending strategy, and regulatory remediation. He brings
extensive experience in the consumer credit sector, having worked across a
wide range of delivery platforms and systems. As a member of the early team at
Starling Bank, he led the design and implementation of the bank's digitally
driven lending and collections frameworks.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company accept responsibility
for the contents of this announcement.

 

Enquiries:

 

 Amazing AI plc
 Paul Mathieson - Chief Executive Officer                      aai@amazingaiplc.com

 Cairn Financial Advisers LLP (AAI Corporate Adviser)
 Ludovico Lazzaretti                                          +44 (0) 20 7213 0880
 Jo Turner

 Oberon Capital (AAI Corporate Broker)
 Adam Pollock                                                 +44 (0) 203 179 5300

 Nick Lovering

 Professional/institutional investors can contact Oberon Capital on
 corporatesales@oberoninvestments.com
 (mailto:corporatesales@oberoninvestments.com)

 

About Amazing AI plc

Amazing AI plc (AAI) is an AI driven, consumer finance fintech innovator that
leverages its regulated licensed lending and collections operations,
experience and network to distribute best-of-breed AI finance-related services
internationally, specifically focused on lending, collections and debt
financing services. AAI operates under the consumer brand Mr. Amazing Loans
in the United States with state consumer lending licenses/certificates of
authority and an established track-record of lending, collections and
regulatory compliance for over 15 years. AAI has also implemented a Bitcoin
Treasury Policy.

 

For more information please visit: www.amazingaiplc.com
(http://www.amazingaiplc.com)

 

Important Notices

 

Amazing AI plc (the "Company") intends to hold treasury reserves and surplus
cash in bitcoin. Bitcoin is a type of cryptocurrency or crypto asset. Whilst
the Board of Directors of the Company considers holding bitcoin to be in the
best interests of the Company, the Board remains aware that the financial
regulator in the UK (the "Financial Conduct Authority" or "FCA") considers
investment in bitcoin to be high risk. At the outset, it is important to note
that an investment in the Company is not an investment in bitcoin, either
directly or by proxy. However, the Board of Directors of the Company consider
bitcoin to be an appropriate store of value and growth for the Company's
reserves and, accordingly, the Company is materially exposed to bitcoin. Such
an approach is innovative, and the Board of Directors of the Company wish to
be clear and transparent with prospective and actual investors in the Company
on the Company's position in this regard.

 

The Company is neither authorised nor regulated by the FCA and
cryptocurrencies (such as bitcoin) are unregulated in the UK. As with most
other investments, the value of bitcoin can go down as well as up, and
therefore the value of bitcoin holdings can fluctuate. The Company may not be
able to realise any future bitcoin exposure for the same as it paid in the
first place or even for the value the Company ascribes to bitcoin positions
due to these market movements. As bitcoin is unregulated, the Company is not
protected by the UK's Financial Ombudsman Service or the Financial Services
Compensation Scheme.

 

Nevertheless, the Board of Directors of the Company has taken the decision to
invest in bitcoin, and in doing so is mindful of the special risks bitcoin
presents to the Company's financial position. These risks include (but are not
limited to): (i) the value of bitcoin can be highly volatile, with value
dropping as quickly as it can rise. Investors in bitcoin must be prepared to
lose all money invested in bitcoin; (ii) the bitcoin market is largely
unregulated. There is a risk of losing money due to risks such as
cyber-attacks, financial crime and counterparty failure; (iii) the Company may
not be able to sell bitcoin at will. The ability to sell bitcoin depends on
various factors, including the supply and demand in the market at the relevant
time. Operational failings such as technology outages, cyber-attacks and
comingling of funds could cause unwanted delay; and (iv) crypto assets are
characterised in some quarters by high degrees of fraud, money laundering and
financial crime. In addition, there is a perception in some quarters that
cyber-attacks are prominent which can lead to theft of holdings or ransom
demands. The Board of Directors of the Company does not subscribe to such a
negative view, especially in relation to bitcoin. However, prospective
investors in the Company are encouraged to do their own research before
investing.

 

Caution Regarding Forward Looking Statements

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not a guarantee of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions security holders and
prospective security holders not to place undue reliance on these
forward-looking statements, which reflect the view of the Company only as of
the date of this announcement. The forward-looking statements made in this
announcement relate only to events as of the date on which the statements are
made. The Company will not undertake any obligation to release publicly any
revisions or updates to these forward-looking statements to reflect events,
circumstances, or unanticipated events occurring after the date of this
announcement except as required by law or by any appropriate regulatory
authority.

 

 

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