Publicly listed companies are increasingly exploring or adopting Bitcoin-oriented strategies as the crypto regulatory landscape evolves and becomes clearer. In a fresh development, South African investment firm Altvest Capital has announced that it has become South Africa’s first listed BTC treasury company.
With this, the Sandton-headquartered investment has essentially adopted Bitcoin as the primary reserve asset for its treasury, following the footsteps of Michael Saylor’s Strategy and Japan’s Metaplanet.
It’s Official! Africa’s First Listed Bitcoin Treasury Strategy Company is live!
Africa Bitcoin Corporation @AfricaBitCorp
Powered by Bitcoin, Driven by Altvest Capital.#africabitcoincorporation #altvestcapital #bitcointreasury #bitcoin@wheatley_warren @smarterwebuk… pic.twitter.com/oH1WGlvR6b— Altvest Capital (@CapitalAltvest) September 8, 2025
Confirming the development, company CEO Warren Wheatley unveiled a new entity to serve as a Bitcoin treasury strategy company — powered by Altvest. Wheatley called the development a quantum leap that is also a natural evolution.
“Proud to announce the launch of @AfricaBitCorp (ABC) — Africa’s first listed Bitcoin treasury company. Building Africa’s bridge to the Bitcoin era. We are entering the race and taking on the challenge,” Wheatley noted.
The idea is to let institutional investors get BTC exposure through equity markets — including pension funds, retirement annuities, and unit trusts — that usually are not allowed to engage with crypto, Bloomberg said, citing Wheatley.
The company’s current valuation, as per Yahoo Finance, is close to $230 million. The Bloomberg report said that the company is now looking to raise $210 million to purchase BTC tokens for its treasury.
Recently, Tokyo Stock Exchange-listed AI firm Quantum Solutions also launched its BTC treasury. Capital B, Sora Ventures, Amdax, BitPlanet, KindlyMD, and H100 Group are other firms that have planned initiatives related to BTC treasuries.