Africa’s First Public Bitcoin Treasury? Altvest Aims to Raise $210M

CEO Warren Wheatley confirmed that the firm will rebrand as Africa Bitcoin Corp, signaling a complete pivot toward digital assets. The company’s strategy mirrors the high-profile treasury models of Strategy Inc. in the U.S. and Metaplanet in Japan, both of which have turned Bitcoin accumulation into multi-billion-dollar balance sheet bets.

Treasury-First Model

Altvest, which currently has a market cap of just $3 million, wants to transform by holding Bitcoin in the same way traditional companies hold cash or gold. Smaller firms across the globe are experimenting with similar approaches, hoping long-term BTC exposure will attract investors who can’t easily access the asset directly.

Bridging Institutional Barriers

Wheatley emphasized that while many pension funds and investment vehicles are restricted from direct crypto purchases, they can gain exposure indirectly through shares in a listed company like Altvest. The strategy could give regulated institutions across Africa and beyond a foothold in Bitcoin.

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Expansion Plans Across Africa and Beyond

To widen its investor base, Altvest intends to pursue listings on multiple African exchanges, including Namibia, Botswana, and Kenya, alongside international markets. A dedicated subsidiary, Altvest Bitcoin Strategies Pty Ltd., will also provide crypto-related services under CAEP Asset Managers’ license.

If successful, the initiative would not only reshape Altvest but also put Africa on the map in the growing trend of publicly traded Bitcoin treasury companies.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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