Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) shares are trading sharply higher Thursday after the company outlined a new structured Bitcoin (CRYPTO: BTC) strategy called the "Genius Plan." Here’s what investors need to know.
- Antelope Enterprise stock is charging ahead with explosive momentum. Why is AEHL stock surging?
AEHL Launches $1 Million Bitcoin Purchase Plan
In a Thursday press release, the company said it will begin the program with a $1 million initial purchase of Bitcoin, then build its position through additional tranche-based buying rather than a single lump-sum allocation. Each tranche will create a separate cost basis that will be used to guide future trading decisions.
When Bitcoin's price moves 1% above the cost basis of any tranche, the company plans to sell a small portion of that position — for example, $10,000 if a $1 million stake rises to $1.01 million — to lock in incremental profits.
Half of any realized gains are earmarked for share repurchases, subject to board and regulatory approvals. Management said it will disclose holdings and execution data in real time across several social and investor platforms.
“We are committed to building a structured capital loop connecting digital assets and equity markets,” said Tingting Zhang, CEO of Antelope Enterprise Holdings.
AEHL Stock Skyrockets Thursday
AEHL Price Action: Antelope Enterprise Hldgs shares were up 189.56% at $1.50 at the time of publication on Thursday, according to Benzinga Pro data.
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