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Altvest of South Africa to Secure $210 Million for Bitcoin Reserves, Rebranding as Africa Bitcoin Corporation
South African investment firm Altvest Capital Ltd. has announced its intention to raise $210 million for the purpose of acquiring Bitcoin, representing a significant strategic shift as it rebrands to Africa Bitcoin Corp.
Key Takeaways:
- Altvest aims to raise $210 million to purchase Bitcoin and undergo a rebranding to Africa Bitcoin Corp.
- The firm plans to maintain BTC as a treasury reserve asset, similar to cash or gold.
- Institutional investors can now obtain Bitcoin exposure by purchasing shares in a regulated, equity-based framework.
This initiative positions Altvest as the first publicly listed company in Africa to designate Bitcoin as its main treasury reserve asset, as reported by Bloomberg on Monday.
The company, currently valued at approximately $3 million, seeks to emulate the strategy employed by MicroStrategy and Japan’s Metaplanet, which enhanced their valuations through substantial Bitcoin accumulation.
Altvest to Maintain Bitcoin as a Reserve Asset Similar to Cash or Gold
Altvest will directly hold BTC on its balance sheet, regarding it as a long-term store of value comparable to cash or gold.
Founder and CEO Warren Wheatley stated that this strategy provides regulated access to Bitcoin via equity markets, a pathway not commonly available to many institutional investors in the region.
“Pension funds, retirement annuities, unit trusts, and others typically cannot directly purchase Bitcoin,” Wheatley remarked.
“However, by acquiring our shares, they will now have the opportunity to gain exposure in a regulated manner through equity.”
Altvest is pursuing funding from both international and African investors, with plans to list on exchanges in Namibia, Botswana, and Kenya to enhance regional accessibility. An international listing is also being considered.
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
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As of Thursday morning, Bitcoin was trading at $110,942, reflecting a 95% increase over the past year, while Altvest shares have decreased by 25% during the same timeframe.
The company’s cryptocurrency initiative will be overseen by its unit Altvest Bitcoin Strategies Pty Ltd., which is authorized through CAEP Asset Managers Pty Ltd. to provide crypto services under the supervision of South Africa’s Financial Sector Conduct Authority.
As previously reported, public companies now possess over 1 million Bitcoin, marking a significant milestone in the corporate adoption of the digital asset as a reserve currency.
Strategy Leads Corporate Bitcoin Holdings with 636,505 BTC
Strategy currently holds 636,505 BTC, making it the largest corporate holder by a substantial margin.
Bitcoin mining company MARA Holdings follows in second place with 52,477 BTC, having added 705 BTC in August.
However, new entrants are making progress. XXI, established by Strike CEO Jack Mallers, has accumulated 43,514 BTC, while the Bitcoin Standard Treasury Company holds 30,021 BTC.
Other significant players include crypto exchange Bullish (24,000 BTC), Metaplanet (20,000 BTC), and publicly listed entities such as Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase.
This trend of accumulation has sparked speculation regarding a potential supply shock. With only 5.2% of Bitcoin’s capped 21 million supply remaining to be mined, ongoing corporate demand could further elevate prices.
Some companies are setting ambitious targets. Japan’s Metaplanet and U.S.-based Semler Scientific aim for holdings of 210,000 BTC and 105,000 BTC by 2027, which is ten to twenty times their current amounts.
Beyond the US, 120 public companies now hold Bitcoin. Countries such as Canada, the UK, Hong Kong, Mexico, South Africa, and Bahrain are witnessing a rise in corporate BTC ownership.
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