A Bold Fundraising Move
Altvest Capital Ltd., a publicly traded company in South Africa, announced on September 8, 2025, that it aims to raise $210 million. The funds will go toward purchasing Bitcoin and creating a crypto treasury reserve, similar to how corporations traditionally hold cash or gold as backup assets.
Alongside this initiative, the firm plans a complete rebrand under the new name “Africa Bitcoin Corp.,” signaling a stronger focus on digital assets.
Strategy and Structure
The fundraising and Bitcoin acquisition will be managed through Altvest’s subsidiary, Altvest Bitcoin Strategies Pty Ltd. This unit will operate under CAEP Asset Managers Pty Ltd., which holds approval from South Africa’s Financial Sector Conduct Authority (FSCA). By aligning with a licensed entity, Altvest ensures that its operations remain within regulated financial frameworks.
CEO Warren Wheatley explained that the decision stems from Bitcoin’s impressive run over the past year, with digital asset prices nearly doubling. The company views this as a timely opportunity to position cryptocurrency as a central component of its reserves.
Why This Matters
By anchoring its treasury in Bitcoin, Altvest seeks to attract both local and international investors. The move could enhance its appeal to institutions interested in crypto-backed companies while also setting a precedent in the South African financial sector.
Other highlights of the strategy include:
- A rebrand that ties the company’s identity to cryptocurrency growth.
- A regulated structure that provides credibility in the eyes of investors.
- Exploration of an international listing to expand global reach.
With confirmations from outlets such as Reuters, the initiative reflects a decisive shift in corporate strategy, embedding Bitcoin at the core of Altvest’s future direction.
