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The Markets
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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Renewables & cleantech

Active Energy buys digital assets

Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) told investors it has allocated an initial US$100,000 into a basket of trending digital assets.

The AIM-quoted company said this forms part of its treasury strategy following a recent oversubscribed fundraise.

The investment includes positions in highly liquid tokens such as Solana, Binance Coin and Dogecoin, with trades to be executed over a short-term 30 to 90-day cycle. The company confirmed no more than 30% of its treasury will be held in digital assets.

"Our initial allocation into trending digital assets reflects a disciplined approach to treasury optimisation as part of our working capital management, while the harnessing of surplus energy initiatives in the UAE position us to capitalise on the growing demand for scalable digital infrastructure," chief executive Paul Elliott said.

Adrian Rowles, Active Energy's crypto advisor, added: "This tactical allocation into trending coins allows AEG to participate in the current market cycle while remaining prudent.

"Combined with our forward-looking strategy in Bitcoin and AI hosting services for third parties, we are positioning AEG both for near-term visibility and for long-term structural growth."

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