Bloomberg: South African Listed Company Altvest Plans to Raise $210 Million to Purchase Bitcoin
BlockBeats News, September 8th, according to Bloomberg, South Africa’s listed company Altvest Capital Ltd. plans to raise $210 million to purchase Bitcoin and establish a cryptocurrency treasury reserve to benefit from it.
Altvest's founder and CEO Warren Wheatley stated that the company will also be rebranded as Africa Bitcoin Corp. This financial services company is the first in Africa to adopt Bitcoin as its primary treasury reserve asset, following a strategy similar to Michael Saylor's MicroStrategy and Japan's Metaplanet Inc., aiming for valuation appreciation.
Altvest's current market value is 528 million rand (about $30 million), and it will include Bitcoin as a core reserve asset on its balance sheet, similar to how traditional companies hold cash or gold. Smaller companies are attempting to emulate MicroStrategy (market value over $120 billion) by fundraising to build their own cryptocurrency reserves and betting that this move will attract long-term investors.
Potrebbe interessarti anche
Chi ha guadagnato
Ultime notizie crypto
Jiangnan Technology si allea con SynVista per lanciare AI Green Mining Platform
L’ETF statunitense Ethereum Spot ha chiuso con 5 giorni consecutivi di afflussi netti, con un deflusso netto di 79 milioni di dollari ieri.
Sospetto Ethena Labs ritira altri 25 milioni di ENA
Il trader di balene di ieri che ha perfettamente shortato prima che il calo importante andasse long su ETH con una leva 2x, mantenendo una posizione del valore di 56 milioni di dollari
Tom Lee: S&P 500 in rialzo a 7300, l'impennata della liquidità del mercato potrebbe essere esplosiva
Assistenza clienti:@weikecs
Cooperazione aziendale:@weikecs
Trading quantitativo e MM:[email protected]
Servizi VIP:[email protected]