Altvest Capital Becomes Africa’s First Public Company to Adopt Bitcoin as Primary Reserve Asset

According to a recent report by Bloomberg, Altvest Capital Ltd. has announced its ambition to become Africa’s inaugural publicly traded entity committed to utilizing Bitcoin as its main reserve asset. This strategic move echoes the practices of MicroStrategy, which has seen an impressive stock increase of over 2400% linked to its accumulation of Bitcoin. Warren Whitely, CEO of Altvest Capital, revealed in a recent interview that the company has procured one Bitcoin and intends to initiate regulatory discussions to secure funding of approximately 200 million Rand (around 10 million USD) through a stock offering, aimed at bolstering its reserves. However, Whitely also noted that no definitive conclusions have been reached concerning the fundraising efforts, indicating a cautious yet optimistic approach as the company navigates this innovative financial landscape.