Altvert Capital Ltd. South Africa, until it becomes the first circulating company for the public in Africa to build Bitcoin (BTC) as the origin of the cabinet reserve.
The company shared the news via a press release On February 21.
Altvert Capital said her contradictory organizational approval that would allow her to add major digital assets as a basic strategic reserve.
Therefore, the company has, I got one bitcoin The goals that collect 200 million Rand, or $ 10 million for BTC stock.
Altverter, the audience’s roaming, joins many other companies that have adopted BTC as a strategic reserve asset.
They include companies in bitcoin mining space, technology, media, entertainment and health care.
In her statement, Altvert says that Bitcoin will not only enhance their cabinet wallet, but also act as a hedge against the currency decline.
Bitcoin is radically different from other digital assets. It is the only only neutral origin, rare, and globally recognized, which is in line with Altvert Investment Philosophy. “We see Bitcoin as a strategic reserve asset that strengthens our cabinet portfolio with providing hedging against economic instability and low currency,” Warren Whitley, CEO of Altvert Capital, said in a statement.
AltVest to simulate Michael Sailor strategy
If AltVest is BTC storage, its movement will simulate the strategy (previously Microstrategy).
The company listed in the United States is at the top of the list of companies owners in the world in BTC.
The strategy, which was first bought BTC in August 2020, has witnessed the price of its shares increased by 2400 % since the first purchase.
Meanwhile, the company’s Bitcoin’s distance increased to more than $ 31.1 billion, which represents 478,740 BTC with an average purchase price of $ 65.033 per BTC.
Last week, the founder of the strategy and CEO Michael Sailor announced that the company did not sell shares as part of its market program (ATM).
Thus, the company did not acquire any other bitcoin.
However, the strategy has a special proposed offer of $ 2 billion for convertible upper notes, whose revenues will go to buy more BTC.
Metaplanet adds to BTC Haul
This strategy has inspired many other companies circulating to the public to follow the Bitcoin strategy.
Metaplanet, an investment company listed on the Tokyo Stock Exchange, is one of the ones that see success after adopting “Michael Saylor Blueprint”.
Using Corporaate Cash and debts, metaplanet bought more than $ 169 million from BTC.
On February 20, 2025, CEO of Metaplanet Simon Girovic Declare The company added another 68.59 BTC to its contract, and the purchase of metal currencies at $ 96,335, each of which is $ 6.6 million.
As of February 20, the company held 2100 BTC.
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