1 September 2025, JOHANNESBURG — Africa’s First Bitcoin Treasury Company Altvest Capital today announced its formal transition to Africa Bitcoin Corporation (ABC), marking the beginning of a bold new chapter in African finance.
This strategic pivot establishes ABC as Africa’s first listed Bitcoin Treasury Company, combining the resilience of Bitcoin with the stability of diversified financial services. A Shareholder circular was published asking shareholders to vote in favor of the name change.
Additionally, a SENS announced the appointment of Stafford Masie as their Director of Bitcoin Strategy, with Ms. Norma Sephuma taking up the mantle 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 fully adopt a Bitcoin Treasury Reserve Strategy, holding bitcoin as its primary long-term reserve asset and actively acquiring bitcoin so as to improve the number of bitcoin per share we hold.
The name change from Altvest Capital to Africa Bitcoin Corporation (pending shareholder approval) reflects an evolution of strategy while staying 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 the legacy of Altvest while positioning Africa at the forefront of the Bitcoin era. Our aim is to protect and grow shareholder value through a balance of 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.
These include:
Altvest Credit Opportunities Fund (ACOF): A non-bank lender that has deployed over R365 million to more than 30 SMEs, supporting and creating over 1,400 jobs.
Umganu Lodge: An ultra-luxury safari lodge on the Sabie River, now positioned as one of the first Bitcoin-friendly safari experiences in the world.
Bambanani Family Group: A family restaurant and community hub in Johannesburg, set to incorporate Bitcoin payments and education.
This structure ensures shareholders benefit from both the upside of bitcoin accumulation and the stability of existing cash-generating operations.
To initially fund its treasury, ABC has launched an initial capital raise, making 1 million shares available at R11.00 per share.
Additional listings are planned across London (Aquis), the U.S. (OTCQB), Namibia, Botswana, Kenya, and Frankfurt, expanding global investor access to regulated bitcoin exposure without requiring offshore accounts or crypto wallets.
Overall, management have set a capital raise target of $210 million over the next 3 years. ABC will be led by a seasoned team committed to responsible innovation and regulatory compliance:
Stafford Masie, Executive Chairman, Tech entrepreneur and renowned Bitcoin advocate.
Warren Wheatley, CEO, Chartered Accountant and seasoned 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 the first African-listed Bitcoin Treasury Company.
By combining Bitcoin’s scarcity and resilience with a diversified portfolio of financial services, ABC is uniquely positioned to deliver long-term shareholder value and drive financial inclusion across the continent.
For media and investor relations inquiries, please contact:
Email: info@altvestcapital.co.za
www.africabitcoincorporation.com
