Altvest Capital plans to raise $210 million to buy Bitcoin and rename it Africa Bitcoin Corp.
Source: Binance
Time: 2025-09-08 17:12:13
South African listed company Altvest Capital Ltd. plans to raise $210 million to buy Bitcoin and build a crypto vault reserve, according to PANews. Warren Wheatley, founder and CEO, said the company will be renamed "Africa Bitcoin Corp." and seek international listing. Altvest is raising funds from overseas and local investors, and its subsidiary Altvest Bitcoin Strategies Pty Ltd. will provide crypto services on behalf of CAEP Asset Managers Pty Ltd. Altvest has a market capitalization of R52.8 million (US$3 million) and plans to use cryptocurrency as its core reserve asset.