Antelope Enterprise Holdings partners with BitGo for Bitcoin storage and custody.

Antelope Enterprise Holdings Limited has entered its Bitcoin strategy's second phase, partnering with BitGo, a global digital asset custodian, to enhance asset security, transparency, and compliance. The partnership involves on-chain storage of acquired Bitcoin through a multi-signature private key management mechanism, ensuring asset safety and compliance with regulations. BitGo is licensed and regulated in the US, South Dakota, and New York State.

Antelope Enterprise Holdings Limited (AEHL), a Nasdaq-listed company, has entered the second phase of its Bitcoin strategy by partnering with BitGo, a leading global digital asset custodian. This strategic move aims to enhance asset security, transparency, and compliance, particularly through the implementation of on-chain storage for acquired Bitcoin [1].

Under the agreement, AEHL will complete account opening and Bitcoin purchases on the BitGo platform. The acquired Bitcoin will be stored on-chain and safeguarded using a multi-signature private key management mechanism, ensuring both asset security and regulatory compliance [1]. This partnership leverages BitGo's extensive experience and robust infrastructure, which includes holding Qualified Custodian status in the United States and being licensed and regulated in South Dakota and New York State [1].

BitGo, recognized as one of the largest digital asset custodians globally, manages over $100 billion in digital assets, serving more than 1,500 institutional clients worldwide [1]. The company's infrastructure has completed the SOC 2 Type 2 security audit, further solidifying its reputation for security and reliability [1].

AEHL will utilize its expertise in digital asset trading, cross-border settlement, and compliance to efficiently execute Bitcoin purchases. All acquisitions will be fully verifiable on-chain, and any use of funds will require strict authorization procedures, minimizing risks and ensuring the security of funds and assets [1].

The current market environment provides strong support for AEHL’s strategy. Bitcoin's price has steadily surpassed $120,000, with a total market capitalization exceeding $2.4 trillion, positioning it as the fifth-largest asset globally [1]. U.S. regulations are becoming increasingly clear, crypto asset ETF inflows are strengthening, and institutional demand is growing rapidly, all contributing to a favorable environment for digital assets [1].

Ms. Tingting Zhang, CEO of AEHL, stated, "We are not merely entering the Bitcoin market; we are building a future-oriented digital capital structure rooted in institutional discipline, transparency, and security. We firmly believe that Bitcoin’s scarcity and the global consensus it represents will form an essential part of future capital markets, and AEHL is committed to being a determined builder and long-term holder in this transformation" [1].

As a Nasdaq-listed company, AEHL will continue to fulfill its information disclosure obligations by regularly updating the market on its purchase schedules, holdings, average acquisition prices, and on-chain storage arrangements. The company also plans to actively pursue strategic expansion opportunities in the Web3 and crypto-finance sectors [1].

References:
[1] https://www.streetinsider.com/Globe+Newswire/AEHL+Signs+Strategic+Agreement+with+BitGo+to+Advance+Bitcoin+Acquisition+and+Security/25216884.html