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 rouba a cena no BlockchainRIO 2025
Palco Global WEEX: de Singapura a Dubai

Você também pode gostar

Compartilhar
copy

Ganhadores

Últimas notícias sobre cripto

16:24

O CEO da Tether responde ao FUD: Tether Q3 Group equity perto de US $ 30 bilhões, com obrigações do Tesouro dos EUA gerando aproximadamente US $ 500 milhões em receita mensal líquida

16:22

A oferta líquida da Ethereum nos últimos 30 dias aumentou em 77,380 ETH

15:25

Rayls terá seu TGE em 1o de dezembro

15:22

Os desenvolvedores do Ethereum estão se preparando para a atualização do Fusaka no dia 3 de dezembro.

14:51

Hasset: Seria honrado para servir como presidente da Reserva Federal se for nomeado por Trump

Leia mais
Comunidade
icon
icon
icon
icon
icon
icon
icon
icon

Atendimento ao cliente@weikecs

Parcerias comerciais@weikecs

Quant trading e MM[email protected]

Serviços VIP[email protected]