Latest news with #AEHL
Yahoo
30-07-2025
- Business
- Yahoo
Antelope Enterprise Holdings signs $50M agreement for bitcoin acquisition plan
Antelope Enterprise entered into a Securities Purchase Agreement with Streeterville Capital for a total financing amount of up to $50 million. The proceeds from this financing will be used exclusively to purchase Bitcoin, marking a major step forward in AEHL's entry into the cryptocurrency asset space. Under the terms of the Agreement, Streeterville Capital will provide capital to the Company in tranches over a period of up to 24 months, in an amount not to exceed $50 million. AEHL will use these funds to gradually acquire Bitcoin based on market conditions. The Agreement clearly specifies that the financing proceeds are solely designated for Bitcoin acquisition, highlighting AEHL's move from strategic planning to execution in the crypto asset sector. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on AEHL: Disclaimer & DisclosureReport an Issue Antelope Enterprise Holdings files $200M mixed securities shelf Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
30-07-2025
- Business
- Business Insider
Antelope Enterprise Stock (AEHL) Soars on $50M Bitcoin Play
Antelope Enterprise (AEHL) stock rocketed higher on Tuesday after the ceramic tiles manufacturer announced plans to create a crypto treasury. It has reached an agreement with U.S.-based investment firm Streeterville Capital, LLC for $50 million, which it will use to purchase Bitcoin (BTC). These funds will be provided to the company in tranches over a period of up to 24 months. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Tingting Zhang, CEO of Antelope Enterprise, said, 'We have developed a clear and well-defined digital asset roadmap, and this financing provides the capital capability needed to support our long-term strategic goals. Bitcoin, as a scarce and decentralized digital asset with growing global consensus, will be a key component of our new capital structure.' Antelope Enterprise Stock Movement Today Antelope Enterprise stock was up 28.71% on Tuesday but has fallen 40.02% year-to-date and 97.3% over the past 12 months. Today's Bitcoin news brought heavy trading, with some 2.76 million shares having changed hands, compared to a three-month daily average of about 66,000 units. Is Antelope Enterprise Stock a Buy, Sell, or Hold? Wall Street's coverage of Antelope Enterprise is lacking, but TipRanks' AI analyst Spark has it covered. Spark rates AEHL stock a Neutral (45) with a price target of $3.50, representing a potential 28.28% downside for the shares. It cites 'poor financial performance, with significant financial instability and operational inefficiencies' as reasons for this stance.
