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Antelope Enterprise Holdings Limited (NASDAQ:AEHL) ("Antelope Enterprise", "AEHL" or the "Company") today announced that it has entered into a Securities Purchase Agreement (the "Agreement") with a leading U.S.-based investment firm, Streeterville Capital, LLC, for a total financing amount of up to $50 million. The proceeds from this financing will be used exclusively to purchase Bitcoin (BTC), 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.
Looking ahead, AEHL will flexibly allocate funding and manage asset acquisitions based on market conditions and strategic priorities, coordinating Bitcoin investments and overall capital management. The Company also stated that it will continue to explore additional strategic opportunities in Web3 and the broader crypto finance space, and plans to release a comprehensive long-term Bitcoin strategic development roadmap in the near future.
Posted In: AEHL
