Quick Breakdown:
- Altvest Capital is pioneering Bitcoin adoption in Africa by raising $210 million to buy Bitcoin and rebranding to Africa Bitcoin Corp.
- The firm’s crypto treasury strategy focuses exclusively on Bitcoin, emphasising its scarcity and decentralization as a hedge against economic instability and the weakening rand.
- The move signals growing institutional crypto interest in Africa.
South African publicly listed company Altvest Capital has announced plans to raise $210 million to purchase Bitcoin and establish a crypto treasury reserve, marking a strategic expansion and rebranding to Africa Bitcoin Corp. The South African investment firm aims to capitalise on the recent surge in digital asset prices and position itself as a pioneer for Bitcoin adoption within Africa’s corporate landscape.
It’s Official! Africa’s First Listed Bitcoin Treasury Strategy Company is live!
Africa Bitcoin Corporation @AfricaBitCorp
Powered by Bitcoin, Driven by Altvest Capital.#africabitcoincorporation #altvestcapital #bitcointreasury #bitcoin@wheatley_warren @smarterwebuk… pic.twitter.com/oH1WGlvR6b
— Altvest Capital (@CapitalAltvest) September 8, 2025
Founder and CEO Warren Wheatley revealed that the capital raise is targeted at local and international investors while the company pursues an international listing. Altvest’s subsidiary, Altvest Bitcoin Strategies Pty Ltd., will provide crypto-related services authorized by the Financial Sector Conduct Authority of South Africa. The firm’s pivot to Bitcoin aligns with its investment philosophy, focusing exclusively on the leading cryptocurrency. It views BTC as a decentralized, scarce digital asset and a hedge against economic instability and the depreciation of the South African rand.
Pioneering Africa\’s Bitcoin Revolution: Altvest Transforms into Africa Bitcoin Corp
Altvest’s rebranding to Africa Bitcoin Corp highlights its ambition to lead African corporate treasury adoption of Bitcoin while continuing to support entrepreneurial ventures and economic development on the continent. The firm has already purchased an initial Bitcoin as a symbolic commitment to the crypto economy and applied for regulatory approval to list Bitcoin-linked equity instruments. The move echoes strategies by global firms like MicroStrategy that have accrued significant Bitcoin holdings as part of their treasury portfolios.
Wheatley emphasized that Bitcoin’s unique characteristics distinguish it from altcoins, which Altvest deliberately avoids investing in due to concerns over inflationary supply, centralized governance, and regulatory uncertainty. The company’s deliberate focus on Bitcoin aims to bring stability and long-term growth potential to its treasury assets amid volatile economic conditions in South Africa.
Altvest’s $210 million fundraise and rebrand underscore a growing institutional acceptance of Bitcoin in Africa and highlight the increasing mainstream appeal of digital assets as corporate treasury reserves.
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