South Africa’s Altvest to Rebrand as Africa Bitcoin Corp, Launches Treasury Reserve Plan
Johannesburg-based Altvest Capital has unveiled plans to raise funds for a bitcoin treasury, positioning itself as the first publicly listed African company to adopt BTC as a core reserve asset.
Reports vary on the target, with figures ranging from $12 million to $210 million, but the move comes alongside a rebrand to Africa Bitcoin Corp. CEO Warren Wheatley says the initiative will give pension funds, unit trusts, and retirement annuities indirect access to bitcoin through regulated equity exposure—something typically out of reach for institutional investors.
Despite Altvest’s share price falling 25% over the past year, the company sees the strategy as a long-term growth driver, with listings planned across several African exchanges to expand access.
Clever Robot News Desk 11th September 2025
Related Article
