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South African Listed Company Altvest Plans to Raise $210 Million to Purchase Bitcoin and Rebrand as Africa Bitcoin Corp.
Summary: According to reports, South African listed company Altvest Capital Ltd. is planning to raise $210 million to purchase Bitcoin and establish a crypto treasury reserve, aiming to benefit from the nearly doubled prices of digital assets over the past year. The company's founder and CEO Warren Wheatley stated that Altvest will be renamed as 'Africa ...
According to reports, South African listed company Altvest Capital Ltd. is planning to raise $210 million to purchase Bitcoin and establish a crypto treasury reserve, aiming to benefit from the nearly doubled prices of digital assets over the past year. The company's founder and CEO Warren Wheatley stated that Altvest will be renamed as 'Africa Bitcoin Corp.' and is currently raising funds from local and overseas investors, while also planning to seek international listing. Its subsidiary, Altvest Bitcoin Strategies Pty Ltd., will provide related crypto services on behalf of CAEP Asset Managers Pty Ltd., authorized by the South African Financial Sector Conduct Authority.
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Link: South African Listed Company Altvest Plans to Raise $210 Million to Purchase Bitcoin and Rebrand as Africa Bitcoin Corp. [Copy]
