KEY FACTS: Altvest Capital Limited, a publicly traded investment firm in South Africa, has become the first African company to adopt Bitcoin as part of its treasury strategy, purchasing one BTC worth approximately 1.8 million rand ($98,200). The move is driven by Bitcoin’s scarcity, security, liquidity, and growing institutional adoption, positioning it as a hedge against inflation and currency devaluation. Altvest has ruled out investing in altcoins due to their inflationary supply, centralized governance, and regulatory uncertainty. The firm is seeking regulatory approval to list Bitcoin-linked equity instruments and plans to raise $10 million through a share sale to expand its Bitcoin reserves, pioneering corporate Bitcoin adoption in Africa.
Source: Altvest Capital Limited
Altvest becomes First African Company to adopt Bitcoin Treasury Strategy
Altvest Capital Limited has become the first publicly traded company in Africa to integrate Bitcoin into its treasury management strategy. The Johannesburg-based investment firm announced on February 21, 2025, that it has acquired one Bitcoin, valued at approximately 1.8 million rand ($98,200), as part of its efforts to strengthen financial resilience and preserve shareholder value.
Altvest Capital Makes History with Bitcoin! Altvest Capital becomes the first publicly traded listed company in Africa to adopt Bitcoin as strategic treasury asset, reinforcing our commitment to innovation, resilience, and alternative investments.
With Bitcoin’s scarcity, security, and institutional adoption, Altvest is amongst visionaries like Strategy (Micro Strategy) @MicroStrategy @saylor and Meta planet @Metaplanet_JP , forging a new era in corporate treasury management.
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Altvest's decision to incorporate Bitcoin into its treasury is driven by several key factors including, scarcity and hedge against inflation, decentralization and security, institutional adoption, liquidity and convertibility, and regulatory recognition.
Bitcoin's fixed supply of 21 million coins positions it as a hedge against inflation and currency debasement, particularly relevant given the depreciation risks associated with the South African Rand. Operating on a fully decentralized and censorship-resistant network, Bitcoin offers a level of security unmatched by other digital assets.
Moreover, the increasing acceptance of Bitcoin by leading corporations, financial institutions, and sovereign funds globally reinforces its status as a legitimate store of value. With daily trading volumes exceeding $20 billion, Bitcoin stands as the most liquid and secure digital asset worldwide.
On regulatory recognition, the growing regulatory clarity in South Africa and internationally further solidifies Bitcoin's legitimacy as an investable asset. Altvest's CEO, Warren Wheatley, emphasized the company's exclusive focus on Bitcoin, stating thus,
"Bitcoin is fundamentally different from other digital assets. It is the only truly decentralized, scarce, and globally recognized digital asset that aligns with Altvest’s investment philosophy."
While the cryptocurrency market encompasses a wide array of digital assets, Altvest has deliberately chosen to exclude alternative cryptocurrencies, commonly known as altcoins, from its investment strategy. The company's cautious stance is based on several concerns such as inflationary supply mechanisms, centralized governance structures, varying liquidity and market maturity and regulatory uncertainty.
Despite its current focus on Bitcoin, Altvest remains open to reassessing market conditions and technological advancements in the altcoin space. However, as of now, the company maintains that Bitcoin is the only digital asset meeting its stringent investment criteria for long-term treasury allocation.
Altvest has applied to local financial authorities for approval to list Bitcoin-linked equity instruments in alignment with its commitment to regulatory compliance. In the future, Altvest plans to expand its Bitcoin holdings. The company is seeking regulatory approval to raise approximately 200 million rand ($10 million) through a share sale dedicated to increasing its Bitcoin reserves. Altvest has confidence in Bitcoin's long-term value proposition and its role in enhancing the company's financial resilience.
With this strategy, Altvest is pioneering Bitcoin Adoption in Africa. The company's leadership anticipates that other tech-savvy nations on the continent, such as Rwanda and Kenya, may follow suit in embracing Bitcoin as a strategic reserve asset.
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