Altvest to Raise $210 Million for Bitcoin Treasury as It Rebrands to Africa Bitcoin Corp

Highlights:

• The South African company is inching closer to being the first company in Africa to hold a BTC reserve.
• Altvest has expanded its reach with a Bitcoin Treasury Strategy to offer exposure to Bitcoin across Africa.
• Public companies now hold over one million Bitcoin, and MicroStrategy leads the pack.

South African investment firm Altvest Capital Ltd. has announced plans to raise $210 million to buy BTC. The company will also rebrand itself as Africa Bitcoin Corp as part of its new strategy. As a result, it is moving closer to being the first publicly traded African firm to use Bitcoin as its core asset for treasury reserves.

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South African investment firm Altvest Capital plans to raise $210 million to establish its Bitcoin treasury.💰🇿🇦 pic.twitter.com/Z9yjvW66rc

— Moby Media (@mobymedia) September 8, 2025

The stock price of Altvest has dropped by 25% in the last year, bringing its valuation down to about $3 million. Meanwhile, Bitcoin has gained nearly 95% over the same period and is currently trading at $110,942. The firm’s move mirrors the approach of companies like MicroStrategy and Japan’s Metaplanet, which accumulated large Bitcoin holdings to boost value.

Altvest, a publicly listed operating company, said that it will keep Bitcoin as a long-term investment in its books. This strategy treats the digital asset similarly to cash or gold, offering shareholders exposure to potential growth. The firm already purchased a small amount of Bitcoin earlier this year to begin this transition.

Founder and CEO Warren Wheatley explained that the plan provides investors with indirect access to Bitcoin. “Pension funds, retirement annuities, unit trusts and others usually cannot directly buy Bitcoin,” Wheatley said. “But by buying our shares, they will now be able to get exposure in a regulated way through equity.”

Altvest Expands Reach With Bitcoin Strategy and Plans to Raise $210 Million

Altvest intends to raise $210 million from investors all over the world, including those in Africa. The firm is also exploring listings on exchanges in Namibia, Botswana, and Kenya, with an international listing under review.

The company recently moved its listing from the Cape Town Stock Exchange to the Johannesburg Stock Exchange. Its directors confirmed that while it builds its Bitcoin strategy, existing operations in asset management, credit funding, and advisory services will continue. Altvest has funded more than R500 million in SMEs since 2022 and intends to keep those investments active.

According to the firm’s board, the Bitcoin treasury will serve as a hedge against inflation and preserve long-term value. They said the strategy also aligns with their mission to provide alternative investment opportunities to a wider range of investors.

Corporate Bitcoin Holdings Gain Momentum Globally

The move by Altvest mirrors the current trend among many companies. Public companies now hold more than 1 million Bitcoin combined. MicroStrategy has the largest corporate position with more than 636,000 Bitcoin bought. Marathon Digital Holdings comes in with over 52,000, followed by new entrants such as XXI and Bitcoin Standard Treasury Company that are establishing huge positions. This surge of accumulation has led to some speculation that supply may become short in the future, considering that only 5.2% of Bitcoin’s supply is down for mining.

Some businesses are aiming for enormous holdings as of 2027. Japan’s Metaplanet, which bought 136 BTC today, has a target of 210,000 BTC. In addition, Semler Scientific in the United States is aiming for 105,000.

Metaplanet has acquired 136 BTC for ~$15.2 million at ~$111,666 per bitcoin and has achieved BTC Yield of 487% YTD 2025. As of 9/8/2025, we hold 20,136 $BTC acquired for ~$2.08 billion at ~$103,196 per bitcoin. $MTPLF pic.twitter.com/nwEAv0NzQq

— Simon Gerovich (@gerovich) September 8, 2025

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