South African listed company Altvest Capital applies to raise 10 million dollars to purchase Bitcoin

ChainCatcher news, Altvest Capital Ltd. announced that it will become the first listed company in Africa to adopt Bitcoin as its primary treasury reserve asset, a strategy that follows Michael Saylor's approach, which has seen its stock price soar over 2,400% since it began purchasing Bitcoin.

Altvest CEO Warren Wheatley stated in an interview that the company has purchased one Bitcoin and has applied to regulators to raise approximately 200 million rand (10 million USD) by selling shares to increase its treasury reserves. He added that a final decision on the fundraising has not yet been made.