South African public company Altvest plans to raise $210 million to buy Bitcoin
Source: ForesightNews
Time: 2025-09-08 17:05:11
According to Foresight News, South African listed company Altvest Capital Ltd. plans to raise $210 million to buy bitcoin and build crypto vault reserves, hoping to benefit from the nearly double growth in digital asset prices in the past year, according to Bloomberg. Warren Wheatley, founder and CEO of the company, said in an interview that the company will also be renamed "Africa Bitcoin Corp." and is raising funds from overseas and local investors and will seek to go public internationally. The company's Altvest Bitcoin Strategies Pty Ltd. will provide encryption services on behalf of CAEP Asset Managers Pty Ltd., authorized by the Financial Sector Conduct Authority.