NEW YORK, May 8, 2026, 12:01 EDT
- Antelope Enterprise booked $190,000 in realized gains from its Bitcoin strategy.
- The board has cleared a $95,000 buyback in the open market, kicking off June 6.
- After the news hit, shares surged, more than tripling on heavy volume on the Nasdaq.
Antelope Enterprise Holdings Limited reported Friday it had locked in $190,000 in gains through its Bitcoin-centric “Genius Plan,” committing $95,000 of that toward a share buyback. The modest repurchase triggered a disproportionately strong reaction from the market. GlobeNewswire
This is notable because Antelope, a microcap, is connecting its share buyback straight to profits from Bitcoin—essentially flipping a crypto trading windfall into a payout for shareholders. Shares on Nasdaq jumped roughly 275% to $1.91, putting the company’s market cap near $13.1 million. Intraday volume? More than 162 million shares traded.
The move coincides with the company’s bigger push into using Bitcoin as part of its treasury, holding and trading it within its capital management plans. Antelope’s revised Form F-3 shelf registration now includes as much as $200 million in securities—ordinary and preferred shares, debt, warrants, rights, and units. Having a shelf on file gives the company flexibility to issue these securities in stages through future offerings, rather than dumping them in one go.
The board has cleared $95,000 for stock repurchases on the open market starting June 6, the company said. Buybacks like this can shrink the public float—though how much depends on execution, price, and volume.
Tingting Zhang, the chief executive, said the plan had “yielded positive results.” Allocating realized gains to buybacks, she explained, targets earnings per share. Zhang added Antelope will put 90% of proceeds from its newly effective $200 million shelf registration into further Genius Plan investments. GlobeNewswire
Back in February, Antelope rolled out the Genius Plan—a structured approach for Bitcoin allocation and capital recycling. Under the plan, the company buys Bitcoin in tranches, then sells off portions once target gains hit. There’s also a “Genius Recycler” feature: half the realized profits get funneled into buybacks, contingent on board sign-off and securities regulations. Nasdaq
The company announced Friday that any repurchases will track market conditions and stick to securities regulations, specifically Rule 10b-18—the U.S. safe harbor for buybacks. Updates on digital-asset holdings and capital flows will keep coming daily via official outlets like X, Futu, and Tiger Trade.
Antelope’s move, while nowhere near the size, lands it in the orbit of Strategy—the company formerly known as MicroStrategy and the biggest public holder of Bitcoin. This week, Strategy disclosed a deeper first-quarter loss, blaming the latest Bitcoin slide. The numbers highlight just how fast crypto holdings can hit corporate earnings and investor mood.
Antelope’s exposure goes beyond Bitcoin. The firm owns 51% of Hainan Kylin Cloud Services Technology Co., which runs a livestreaming e-commerce business in China. There’s also business management and consulting, plus plans for a natural-gas power generation unit via AEHL US LLC.
Company filings indicate the legacy operations remain significant. For the nine months to Sept. 30, 2025, Antelope reported that Hainan Kylin brought in 99.61% of its total revenue. The firm also pointed out that China’s livestreaming e-commerce market is crowded, with both entrenched livestreaming players and traditional retailers putting resources into the space.
There’s a catch to Antelope’s Bitcoin move. The company itself has flagged the potential for swings in its share price, and noted that selling more equity or debt might dilute existing shareholders. China’s regulatory environment and data-security rules remain wild cards for its business and its U.S. listing. And Bitcoin’s sharp ups and downs don’t help—today’s profits could flip to losses down the line.
