Altvest Capital, based in Johannesburg, has become the first publicly traded African company to adopt Bitcoin 
$111,562 as a strategic treasury asset. In a press release, the company stated that this move aims to preserve its value, protect against currency devaluation risks, and provide access to a globally recognized store of value.
Strategic Bitcoin Investment
Following the example of Strategy in America and Metaplanet in Japan, Altvest Capital has purchased Bitcoin. The company prefers to view Bitcoin as the only digital asset suitable for its long-term treasury distribution portfolio. Additionally, no plans were articulated for acquiring alternative crypto assets.
Market Performance and Global Strategies
There is a growing trend among global companies to include Bitcoin as a strategic treasury asset. Under the leadership of Michael Saylor, Strategy has accumulated a massive Bitcoin reserve after significant investments since 2020. Tokyo-based Metaplanet also began purchasing Bitcoin last year to expand its portfolio.
Altvest Capital has paid approximately 1.8 million rand to acquire Bitcoin for strategic treasury purposes. This transaction reportedly aims to strengthen the company’s portfolio by following previous examples.
“Bitcoin is considered the only digital asset that meets our stringent investment criteria for long-term treasury distribution.” – Altvest Capital
Though a symbolic purchase, it is positive in demonstrating the trend. At the time of writing, Altvest Capital shares had declined by about 9%. Based on the information in the report, Altvest Capital’s strategic treasury investment can be seen as one of the steps in the company’s long-term value preservation strategy. Stakeholders are monitoring this development in the context of the company’s risk management and global investment trends.
