- Altvest to raise $210M, rebrand as Africa Bitcoin Corp, hold BTC as treasury.
- Regulated exposure via shares; listings planned in Namibia, Botswana, Kenya.
- Context: public firms hold 1M+ BTC; Strategy at 636,505 BTC; only 5.2% left to mine.
Altvest plans a $210 million raise to buy Bitcoin and has announced a rebrand to Africa Bitcoin Corp. The listed firm, valued at about $3 million, wants to hold BTC as its primary treasury reserve. The move follows the playbook used by MicroStrategy and Metaplanet, with the goal of lifting valuation through steady accumulation. Altvest presents this shift as a long-term strategy, not a short trade. The company frames Bitcoin as a store of value similar to cash or gold. Warren Wheatley, the founder and CEO, says the change opens regulated BTC exposure for equity investors who cannot buy coins directly.
Altvest rebrand and $210 million Bitcoin plan
Altvest has set a clear capital target of $210 million for BTC purchases and is aligning its corporate identity with that mission. The new name, Africa Bitcoin Corp, signals a focus on a single reserve strategy. The firm plans to buy and hold BTC on its balance sheet, treating it like a core reserve. This direct approach removes wrappers or third-party structures and keeps the asset on the company books. Management calls it a simple policy that investors can track in quarterly results.
The company highlights a market access gap in the region. Many pension funds, retirement annuities, and unit trusts face rules that block direct BTC purchases. Altvest offers exposure through listed shares instead, which sit inside existing mandates. Wheatley describes the shares as a bridge for institutions that want BTC exposure without changing operating rules. He expects this pathway to attract both local and international capital.
Timing matters. As of Thursday morning in the report, Bitcoin traded at $110,942, up 95 percent over the past year. That context helps explain the push to scale. Altvest shares fell 25 percent in the same period, so management sees room to reset the equity story. A clear treasury policy and regular disclosures can help markets price the plan.
Altvest listings, structure, and regional access
Altvest intends to widen access by listing in Namibia, Botswana, and Kenya. An international listing is also under review. Multiple venues can deepen the pool of buyers and allow regional investors to trade in local markets. The firm believes a cross-listing path suits a reserve strategy because the thesis is simple to understand. Investors can compare BTC held, capital raised, and share count across venues.
The crypto initiative sits in Altvest Bitcoin Strategies Pty Ltd. The unit works with CAEP Asset Managers Pty Ltd., which holds authorization to offer crypto services. Oversight falls under South Africa’s Financial Sector Conduct Authority. This setup aims to keep controls and reporting tight while the treasury plan scales. Altvest states that it will follow the rules in each venue where it lists.
Altvest stresses direct custody and long-term holding. The company plans to avoid frequent trading and short-term moves. A reserve policy works best with a simple buy-and-hold path that investors can audit. Management wants clean accounts that show coins held, average cost basis, and any new raises. Investors will watch whether Altvest executes raises in tranches or seeks a single large placement.
Corporate BTC holdings context and supply signals
Public companies now hold more than 1 million BTC. Strategy leads with 636,505 BTC, far ahead of the field. MARA Holdings sits second with 52,477 BTC after adding 705 BTC in August. XXI, founded by Strike CEO Jack Mallers, has reached 43,514 BTC. The Bitcoin Standard Treasury Company reports 30,021 BTC. Bullish holds about 24,000 BTC. Metaplanet owns 20,000 BTC. Other public names with holdings include Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase. Altvest wants to join this cohort with a clear treasury mandate and ongoing purchase plans.
This accumulation happens while the asset’s supply growth keeps slowing. Only 5.2 percent of the 21 million fixed supply remains to be mined. Corporate demand and programmatic issuance can stress available float. If more listed firms follow the treasury model, daily exchange supply can tighten further. Altvest points to this dynamic as a core part of its thesis.
Some companies have set high targets. Metaplanet and Semler Scientific have goals of 210,000 BTC and 105,000 BTC by 2027. Those figures are ten to twenty times their current holdings. Targets of that size show how some treasuries now plan years ahead. The trend is not limited to the United States. Outside the US, 120 public companies hold Bitcoin. Canada, the UK, Hong Kong, Mexico, South Africa, and Bahrain appear among the active regions. Altvest aims to use regional listings to make access easier for these markets.
Altvest frames its policy as a simple equity story. Raise capital, buy BTC, report holdings, and track performance against the asset. Investors can judge execution by the pace of raises and the cost of coins acquired. They can also compare BTC per share across time. If the firm lifts its BTC per share while keeping share issuance in check, the argument for long-term holders strengthens.
Conclusion
Altvest plans to raise $210 million and rebrand as Africa Bitcoin Corp, making Bitcoin its main reserve. The firm will hold BTC directly on its balance sheet and give investors regulated exposure through shares. Listings in Namibia, Botswana, and Kenya aim to widen access, with an international venue also possible. Oversight from CAEP Asset Managers Pty Ltd. and the Financial Sector Conduct Authority adds regulatory support. With public companies already holding more than 1 million BTC and only 5.2 percent left to be mined, Altvest joins a growing group using Bitcoin as a long-term reserve strategy.
Disclaimer
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