AEHL Shares Plunge 40.71% as Bitcoin Shift Sparks Investor Doubt

Shares of Antelope Enterprise Holdings (AEHL) plummeted to their lowest level since June 2025, with an intraday decline of 40.71% as investors reacted to the company’s abrupt strategic shift toward Bitcoin acquisition. The sharp selloff reflects widespread skepticism about the feasibility of AEHL’s new direction and growing uncertainty over its long-term viability.

The strategy of buying AEHL shares after they reached a recent low and selling them a week later resulted in a significant loss. Over the past five years, the strategy yielded a return of -99.57%, underperforming the benchmark return of 61.05% and delivering an excess return of -160.62%. The strategy's CAGR was -88.22%, indicating substantial depreciation, while the Sharpe ratio was -0.74, suggesting poor risk-adjustled returns. The maximum drawdown was 0.00%, which implies that the strategy experienced no further declines after the initial sell-off, but this does not redeem the overall loss incurred.

The company’s decision to pivot from its core livestreaming e-commerce and energy infrastructure operations to a Bitcoin-centric model has raised significant concerns. A $50 million financing deal with Streeterville Capital, earmarked for Bitcoin purchases over 24 months, marked a radical departure from its previous business structure. While management framed the move as a “significant milestone” in AEHL’s digital evolution, the lack of prior crypto expertise and opaque execution details fueled investor anxiety, triggering panic selling.

Market participants questioned AEHL’s ability to manage the inherent volatility of Bitcoin and its capacity to secure and optimize crypto assets. The absence of concrete plans for monetizing or diversifying its Bitcoin holdings further eroded confidence. Technical indicators also highlighted overbought conditions, with the RSI nearing 73 and the stock trading near the lower Bollinger Band, signaling potential instability. Key support levels below $2.54 remain critical in determining whether the selloff stabilizes or accelerates.

Regulatory and macroeconomic risks add to the uncertainty. Heightened global scrutiny of cryptocurrencies and macroeconomic pressures, such as inflation and interest rate hikes, could exacerbate AEHL’s challenges. Additionally, the structured nature of the Bitcoin acquisition—spanning 24 months—delays immediate impact, giving skeptics more time to offload shares before the strategy’s effects materialize. For AEHL to regain traction, it must demonstrate transparent progress in Bitcoin purchases and explore additional digital asset opportunities without overexposing itself to a single volatile asset class.