🚨NEWS IN: ATVEST CAPITAL, A LISTED S.A FIRM TO BECOME “AFRICAN BITCOIN CORP.”🔥🔥🔥
In a landmark decision reported by Bloomberg on September 8th, South African listed company Altvest Capital Ltd. announced plans to raise $210 million to purchase Bitcoin and establish a dedicated cryptocurrency treasury reserve. This strategic pivot aims to capitalize on the potential appreciation of Bitcoin, mirroring the successful approaches of MicroStrategy and Japan’s Metaplanet Inc.
Founder and CEO Warren Wheatley confirmed the firm will rebrand as Africa Bitcoin Corp, marking it as the first African financial services company to adopt Bitcoin as a primary reserve asset. With a current market valuation of approximately $30 million, the company intends to treat Bitcoin as a core holding on its balance sheet—akin to traditional reserves like cash or gold.
This trend highlights how smaller firms are increasingly emulating MicroStrategy’s high-profile Bitcoin strategy to attract long-term investors and enhance valuation.
