South African investment firm Altvest Capital plans to hold Bitcoin as its primary treasury reserve asset, making it the first company in Africa to do so. Altvest has already made a Bitcoin purchase and is seeking regulatory approval to raise $10 million by issuing shares to increase its Bitcoin holdings. The company is following the strategy pioneered by US firm Strategy, whose stock has surged over 2,400% since it began accumulating Bitcoin in 2020. Altvest sees Bitcoin as a hedge against economic instability and the depreciation of the South African rand, while critics caution about its volatility. This move reflects growing institutional interest in digital assets on the African continent.



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