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.
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