1 September 2025, JOHANNESBURG — Altvest Capital Transitions to Africa Bitcoin Corporation (ABC), Africa’s First Bitcoin Treasury Company
Altvest Capital today announced its formal transition to Africa Bitcoin Corporation (ABC), marking a transformative new chapter in African finance. This strategic pivot establishes ABC as Africa’s first listed Bitcoin Treasury Company, integrating the resilience of Bitcoin with the stability of diversified financial services. Shareholders were invited via circular to vote in favor of the proposed name change.
In a concurrent SENS announcement, Stafford Masie was appointed Director of Bitcoin Strategy, while Norma Sephuma assumes the role of Lead Independent Director.
In February 2025, Altvest Capital became the first listed African company to allocate Bitcoin to its treasury. Building on this milestone, ABC will adopt a Bitcoin Treasury Reserve Strategy, holding Bitcoin as its primary long-term reserve asset and actively acquiring more to increase Bitcoin per share for shareholders.
The proposed rebrand reflects an evolution of strategy while remaining true to Altvest’s founding mission: democratising access to capital markets and funding for African SMEs.
“This transition is not a departure from our roots but a bold enhancement,” said Warren Wheatley, CEO of ABC.
“We are preserving Altvest’s legacy while positioning Africa at the forefront of the Bitcoin era. Our goal is to grow shareholder value through innovation, resilience, and impact.”
While Bitcoin will anchor ABC’s balance sheet, the company will continue to operate and grow its income-generating financial services businesses through its wholly-owned subsidiary, Altvest Capital Solutions, including:
- Altvest Credit Opportunities Fund (ACOF): A non-bank lender that has deployed over R365 million to more than 30 SMEs, supporting over 1,400 jobs.
- Umganu Lodge: An ultra-luxury safari lodge on the Sabie River, now among the first Bitcoin-friendly safari experiences globally.
- Bambanani Family Group: A family restaurant and community hub in Johannesburg, incorporating Bitcoin payments and education.
This structure ensures shareholders benefit from both Bitcoin accumulation and stable cash-generating operations.
To fund its treasury, ABC has launched an initial capital raise, offering 1 million shares at R11.00 per share. Future listings are planned across London (Aquis), the U.S. (OTCQB), Namibia, Botswana, Kenya, and Frankfurt, providing global investors with regulated Bitcoin exposure without the need for offshore accounts or crypto wallets.
Management has set a three-year capital raise target of $210 million. ABC will be led by a seasoned team committed to innovation and regulatory compliance:
- Stafford Masie, Executive Chairman: Tech entrepreneur and Bitcoin advocate.
- Warren Wheatley, CEO: Chartered Accountant and experienced investment executive.
The company complies with King IV governance standards and holds crypto licenses under the Financial Sector Conduct Authority (FSCA), ensuring robust oversight and transparency.
Africa Bitcoin Corporation is pioneering a new era of financial innovation as Africa’s first listed Bitcoin Treasury Company. By combining Bitcoin’s scarcity and resilience with a diversified financial portfolio, ABC is uniquely positioned to deliver long-term shareholder value while driving financial inclusion across the continent.
