Africa’s First Bitcoin Treasury Company Eyes Unique Opportunity
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Bitcoin treasury companies are in vogue, and Africa has its first trading on the Johannesburg Stock Exchange. While the launch of Africa Bitcoin Corporation promises to attract billions of South African rand from capital markets, its founders believe Bitcoin’s impact on the continent remains in grassroots, retail adoption. South Africa’s Altvest Capital grabbed headlines as it rebranded to Africa Bitcoin Corporation (ABC), the first publicly-listed company actively building a Bitcoin (BTC)-based treasury on the continent. Africa Bitcoin Corporation has a lofty goal to raise $210 million to purchase BTC for its treasury. Source: ABC The company has a long-term goal to raise $210 million to buy Bitcoin using preferential share offerings and structured debt notes in the mould of the UK’s Smarter Web Company. Altvest announced its pivot into Bitcoin in February. Speaking exclusively on Cointelegraph’s Chain Reaction live X broadcast, ABC’s chairman Stafford Masie and CEO Warren Wheatley unpacked the details behind the inception of the company. “In Africa, when financial services don’t work, people die. We live that reality. So when we approach Bitcoin, we approach Bitcoin from a real human necessity, life-saving perspective.”@staffordmasie outlined why Bitcoin is so powerful for countries grappling with… pic.twitter.com/E24Pek9DnU — Gareth Jenkinson (@gazza_jenks) September 10, 2025 The listed financial service business historically focused on helping entrepreneurs and small businesses access capital through the JSE using listed instruments. Wheatley said they aimed to tackle the “dysfunction” that exists in global capital markets, where smaller players don’t have the same ability to attract investment or access capital markets. Related: Metaplanet, Smarter Web add almost $100M in Bitcoin to treasuries How does Bitcoin fit into that picture? Wheatley said it’s a “natural evolution,” describing Bitcoin as the “ultimate alternative asset” that would galvanize the company’s balance sheet. Masie added that holding Bitcoin would allow ABC to continue…
