South Africa’s Altvest Is Going All-In on Bitcoin With $210M Treasury Move

TLDR: Altvest will raise $210M to create Africa’s first listed bitcoin treasury, rebranding as Africa Bitcoin Corp. The company aims to list in London, the U.S., and across African markets to widen bitcoin equity access. Bitcoin has gained 95% in a year while Altvest shares lost 25%, pushing the firm toward a reserve shift. CEO [...]

The post South Africa’s Altvest Is Going All-In on Bitcoin With $210M Treasury Move appeared first on Blockonomi.