Latest news with #AntelopeEnterprise
Yahoo
31-07-2025
- Business
- Yahoo
Shareholders panic-sell as stock drops 30%
Shareholders panic-sell as stock drops 30% originally appeared on TheStreet. Shares of Antelope Enterprise Holdings Limited (NASDAQ: AEHL) plummeted nearly 30% to 3.1794 in early trading on July 29, as of writing, even after the company reported a strategic move. Antelope Enterprise Holdings Limited conducts both a livestreaming e-commerce enterprise in China and provides consulting and services in business management and information systems. The company aims to be a Chinese-based digital commerce and solutions provider to enterprises. The sudden drop in the company's price came shortly after it announced that it executed a Securities Purchase Agreement with Streeterville Capital LLC at the discretion of Streeterville for financing up to $50 million that is designated for the sole purpose of purchasing Bitcoin in the next 24 market response indicates a growing level of investor skepticism and panic-selling behavior regarding their willingness to believe in corporate pivots to Bitcoin, particularly given the volatility in digital assets and increasing concerns about "execution risk." AEHL opened the day at $5.41, traded up briefly to a high of $6.53, then quickly reversed course and evaporated nearly a quarter of its market capitalization. The company's stock is nearly 98% down over the last 12 months. CEO Tingting Zhang referred to the decision as a "significant milestone" in AEHL's evolution into a digital business. "Bitcoin, as a scarce and decentralized asset with growing global consensus, will be a key component of our new capital structure," Zhang added and promised the company would disclose information about its purchase and custody as they progress. Shareholders panic-sell as stock drops 30% first appeared on TheStreet on Jul 29, 2025 This story was originally reported by TheStreet on Jul 29, 2025, where it first appeared.
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.
