Altvest Capital Makes History as Africa’s First Bitcoin Treasury Company, Announces Major Rebrand

African finance just got a crypto upgrade—and traditional bankers are sweating.

Breaking New Ground

Altvest Capital just flipped the script on corporate treasury management across the continent. By converting its entire reserve into Bitcoin, the company isn't just dipping toes—it's diving headfirst into digital asset adoption. No more playing nice with inflationary fiat or begging banks for permission.

Rebranding for the Future

The move signals more than a balance sheet shift—it's a full identity overhaul. Expect new branding, sharper messaging, and zero apologies to skeptical finance suits clinging to their spreadsheets. Because why track petty cash when you can track satoshis?

One cynical take? Traditional treasury managers just felt a shiver—and it wasn’t from the air conditioning.

South Africa is witnessing a growing wave of interest in Bitcoin, not just among individual investors but at the corporate level as well. Altvest Capital, a Johannesburg-listed company, is leading the way with plans to expand its involvement in the cryptocurrency market.

According to a report from Bloomberg, Altvest Capital is planning to raise $210 million to expand its Bitcoin holdings. 

Formal Adoption of Bitcoin Treasury Strategy

Earlier in February, Altvest purchased just over 1 bitcoin as part of its long-term treasury strategy. The company had said that it would continue to monitor its Bitcoin holdings based on market conditions and regulations.

Altvest has now formally adopted a Bitcoin Treasury Strategy and plans to accumulate and hold BTC to protect value, hedge against inflation, and give shareholders long-term exposure to Bitcoin’s growth potential. 

“This strategic shift, which will position Altvest as Africa’s first Bitcoin Treasury company, will offer its Shareholders long-term value anchored in a resilient and globally liquid asset,” it said.

Balancing Bitcoin Growth with Shareholder Value

Altvest sees the treasury strategy as a way to give more people access to alternative investments while keeping its existing businesses running smoothly. Shareholders can benefit from the potential upside of Bitcoin along with steady returns from current operations.

The Johannesburg Stock Exchange currently has no regulatory framework for issuers investing in crypto. Altvest has committed to full compliance once rules are introduced.

The company plans to launch several fundraising initiatives in the coming months to acquire more Bitcoin.

Rebrand Soon? 

Meanwhile, the Board has also proposed to change the company’s name from Altvest Capital Limited to The Africa Bitcoin Corporation Limited, subject to shareholder approval. 

The new name is expected to take effect on 12 November if approved. 

Corporate Bitcoin Adoption Hits New Highs

Altvest’s MOVE follows a global trend in corporate Bitcoin adoption. Public companies now hold over 1 million Bitcoin collectively, with Strategy leading the way with 638,460 BTC.

Experts predict that as more companies adopt Bitcoin treasury strategies, corporate adoption will continue to grow, eventually making digital asset strategies a common practice.