Implementation of Bitcoin Treasury Policy
Active Energy implements Bitcoin treasury policy and completes first allocation into digital assets.
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Active Energy (AIM: AEG, OTCQB: ATGVF), the biomass-based renewable energy company focused on the production and development of next generation biomass products, announce the implementation of its Digital Assets, including Bitcoin ("BTC") treasury management policy (the "New Policy"), marking a strategic step in the Company's broader financial and operational strategy.
As part of this New Policy, Active Energy has completed its first allocation into digital assets with the purchase of BTC. This move reflects the Company's commitment to enhancing the financial resilience of the Company while supporting its broader operational objective of accelerating sustainable energy initiatives.
The Company will continue to monitor developments in the Digital Assets, including BTC, space and evaluate further opportunities in line with its New Policy.
Further updates will be provided as appropriate.
Legal Advisory Support
Blake Morgan LLP, Active Energy's appointed legal advisers, has confirmed that the Company's implementation of the Group's Digital Asset Treasury Policy, in support of its operating business, does not constitute management of an Alternative Investment Fund.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.