Antelope Enterprise Partners with BitGo for Co-operation Agreement

Antelope Enterprise Holdings Ltd has signed a cooperation agreement with BitGo, a digital asset security and custody company. The agreement will enable Antelope to provide one-stop solutions for customers to utilize the growing sales channel of livestreaming ecommerce and provide corporate management and consulting services. The partnership aims to enhance Antelope's digital asset custody capabilities and expand its business offerings.

Antelope Enterprise Holdings Ltd (AEHL), an investment holding company primarily engaged in livestreaming e-commerce and business management consulting, has signed a strategic cooperation agreement with BitGo, a leading digital asset security and custody company. The partnership aims to bolster AEHL's digital asset custody capabilities and expand its business offerings.

Under the agreement, AEHL will leverage BitGo's robust digital asset custody services to enhance its one-stop solutions for customers in the livestreaming e-commerce sector. BitGo, a global leader in digital asset custody, holds Qualified Custodian status in the United States and is licensed and regulated in South Dakota and New York State. The company's infrastructure has completed the SOC 2 Type 2 security audit, ensuring high standards of security and compliance [1].

AEHL will utilize BitGo's platform to complete account openings and Bitcoin purchases, with acquired Bitcoin stored on-chain and safeguarded through a multi-signature private key management mechanism. This move aligns with AEHL's strategy to enhance asset security, transparency, and compliance. The partnership will enable AEHL to provide its customers with a secure and compliant environment for digital asset management [1].

The current market environment supports AEHL's strategy. Bitcoin's price has surpassed $120,000, with a total market capitalization exceeding $2.4 trillion, making it the fifth-largest asset globally. U.S. regulations are becoming increasingly clear, crypto asset ETF inflows are strengthening, and institutional demand is growing rapidly. These trends are expected to further enhance the global recognition of digital assets and create favorable conditions for long-term capital appreciation [1].

AEHL's Chief Executive Officer, Ms. Tingting Zhang, stated, "Partnering with BitGo and implementing on-chain storage for Bitcoin represents a key strategic decision by the Company to enhance asset security, transparency, and compliance. We are not merely entering the Bitcoin market; we are building a future-oriented digital capital structure rooted in institutional discipline, transparency, and security" [1].

The cooperation agreement is part of AEHL's broader strategy to expand its business offerings in the Web3 and crypto-finance sectors. 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 [1].

References:
[1] https://www.marketscreener.com/news/aehl-signs-strategic-agreement-with-bitgo-to-advance-bitcoin-acquisition-and-security-ce7c51dcd98ef720
[2] https://www.marketscreener.com/news/antelope-enterprise-signs-co-operation-agreement-with-bitgo-ce7c51dcd889f323