Altvest Capital, a Johannesburg-listed investment firm, has rebranded itself as Africa Bitcoin Corporation (ABC). Known for its expertise in traditional asset management, lending, and wealth advisory services, the firm operates within regulated frameworks, serving both institutional and retail investors. With the rebrand, ABC has confirmed its decision to hold Bitcoin as part of its treasury reserves, signaling a shift toward digital assets as a long-term investment strategy.
The new identity reflects the company’s commitment to positioning Bitcoin at the center of its mission. According to the management, the rebrand highlights a future where Bitcoin plays a critical role in wealth preservation, institutional investment opportunities, and broader access to cryptocurrency exposure through regulated equity markets.
To mark this transition, ABC announced the purchase of one Bitcoin through its subsidiary, Altvest Bitcoin Strategies Pty Ltd, declaring it the company’s first Bitcoin holding on behalf of public investors. This move represents the foundation of a treasury strategy designed to expand in the coming months.
The company has ambitious plans to raise 200 million rand (approximately USD 10 million) through a share issuance, with the capital to be directed toward building significant Bitcoin reserves. This approach provides regulated access to Bitcoin exposure for African institutional investors, many of whom face obstacles in purchasing crypto directly.
CEO Warren Wheatley explained that the focus on Bitcoin, rather than other cryptocurrencies, stems from its fixed supply, decentralized nature, and established track record. He emphasized that Bitcoin offers a reliable hedge against inflation and currency volatility across African markets.
Following the announcement, ABC’s share price dipped nearly 9%, showing some investor caution. However, the company remains confident that combining traditional financial services with Bitcoin exposure will open new opportunities for African investors seeking inflation-resistant assets within regulated environments.
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