Gold prices edge higher with focus on Ukraine-Russia, Jackson Hole
LONDON - Active Energy Group Plc (AIM:AEG) is reviewing its shareholding in Alpha Prospects Ltd as part of a broader treasury strategy shift toward digital assets, according to a press release statement issued Monday.
The alternative energy company currently holds 20,149,304 shares in Alpha Prospects, with the last placing price at 17.5 pence. While expressing continued support for Alpha Prospects, the company is exploring potential portfolio rebalancing to strengthen its transformation and cryptocurrency strategy.
As part of its treasury review conducted over recent months, Active Energy has already increased its cryptocurrency exposure through selective acquisitions of Ethereum and Solana tokens.
"We value our relationship with Alpha Prospects and believe in its potential. At the same time, we have a responsibility to objectively assess our holdings and ensure our treasury is positioned for the future - and for us, that means an increasing allocation to high-quality digital assets," said Paul Elliott, CEO of Active Energy Group.
The company emphasized that the review is exploratory, with no certainty that any transaction regarding the Alpha Prospects holding will be undertaken, or what terms or timeline might apply if it proceeds.
Active Energy Group describes itself as an alternative energy company focused on renewable infrastructure deployment and the integration of advanced digital technologies. The company indicated it will provide further updates on its treasury activities and digital asset strategy in the future.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.