VCI Global secures $51M convertible note financing

VCI Global (VCIG) announced a convertible note financing facility of up to $51 million. This capital will support the rollout of its Sovereign AI Infrastructure and includes a strategic allocation of $20 million into Bitcoin as part of the Company’s newly introduced digital treasury reserve strategy. Structured with a floor conversion price of $1.20 per share, the note represents a non-dilutive, value-preserving instrument that equips the Company with the necessary capital to execute its vision without compromising long-term shareholder interests. Proceeds from the financing will be strategically allocated across three focus areas: $20 million to gradually acquire Bitcoin as a digital reserve asset, reinforcing treasury diversification and long-term capital resilience. Deployment of full-stack Sovereign AI Infrastructure across Southeast Asia, integrating military-grade and quantum-resistant encryption technologies. This includes secure and immutable data storage, encrypted AI GPU and CPU servers with PCIe encryption cards, secure communicator devices, and SIM-layer encryption to safeguard mobile data sovereignty. The stack also features encrypted GPU compute, quantum-resistant storage, and zero-trust network architecture designed for institutional and governmental requirements. Working capital to expand VCI Global’s presence in cybersecurity, AI, and fintech, targeting high-growth opportunities in enterprise and sovereign markets.