Altvest embraces bitcoin treasury, proposes name change

Altvest Capital Limited has formally adopted a Bitcoin Treasury Strategy, aiming to accumulate and hold BTC for value preservation, inflation hedging, and increased shareholder exposure to Bitcoin's potential upside. This follows an initial acquisition of 1.00464 BTC on February 21, 2025. The company plans various capital raising initiatives to acquire more BTC.

To reflect this strategic shift, the board proposes changing the company's name to "The Africa Bitcoin Corporation Limited," subject to shareholder approval and CIPC registration. A change of name finalisation is expected by November 4, 2025. New JSE share codes will be introduced, including "BAC" for ordinary shares.

In a related development, Altvest launched an equity capital raise, offering up to 1,000,000 ordinary shares at R11.00 per share to South African investors. Altvest aims to democratise access to alternative investment opportunities, with existing income-generating operations continuing uninterrupted.