logo

Bloomberg: South African Listed Company Altvest Plans to Raise $210 Million to Purchase Bitcoin

By: theblockbeats.news|2025/09/08 10:12:30

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.

WEEX ruba la scena a BlockchainRIO 2025
Global Stage WEEX: Da Singapore a Dubai

Potrebbe interessarti anche

Condividi
copy

Chi ha guadagnato

Ultime notizie crypto

17:51

Un certo indirizzo di balena ha depositato 10 milioni di U in HyperLiquid, dando inizio a una posizione long di 20x ETH.

17:21

Coinbase to List Rayls (RLS)

16:53

Spot Silver Surges Oltre il 3% Intraday

16:51

Circle ha coniato 7,5 miliardi di USDC sulla rete Solana negli ultimi 5 minuti.

16:25

Nelle ultime 4 ore, l'intera rete ha visto liquidazioni per 320 milioni di dollari, la maggior parte delle quali provenienti da posizioni long.

Leggi di più
Community
icon
icon
icon
icon
icon
icon
icon
icon

Assistenza clienti@weikecs

Cooperazione aziendale@weikecs

Trading quantitativo e MM[email protected]

Servizi VIP[email protected]