South African listed company Altvest plans to raise $210 million to purchase Bitcoin and rename Africa Bitcoin Corp.
Source: Odaily
Time: 2025-09-08 17:06:09
Odaily Planet Daily News South African listed company Altvest Capital Ltd. plans to raise $210 million to buy Bitcoin and build crypto vault reserves to benefit from the nearly doubled price of digital assets over the past year. Warren Wheatley, founder and CEO, said Altvest will be renamed "Africa Bitcoin Corp." and is raising funds from local and overseas investors, while planning to seek international listing. Its subsidiary, Altvest Bitcoin Strategies Pty Ltd., will provide relevant encryption services on behalf of CAEP Asset Managers Pty Ltd., which has been authorized by the South African Financial Sector Conduct Authority. (Bloomberg)