{"id":14284,"date":"2025-02-21T10:16:49","date_gmt":"2025-02-21T10:16:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14284"},"modified":"2025-02-21T10:16:49","modified_gmt":"2025-02-21T10:16:49","slug":"bitcoin-treasury-bandwagon-reaches-africa-as-altvest-jumps-on-board","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14284","title":{"rendered":"Bitcoin Treasury Bandwagon Reaches Africa as Altvest Jumps on Board"},"content":{"rendered":"<div>\n<p>Altvest Capital (ALV) became the first listed company in Africa to adopt bitcoin (<a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\/\" target=\"_blank\">BTC<\/a>) as a strategic treasury asset, the company said in a press release Friday.<\/p>\n<p>Altvest said it bought one bitcoin for its strategic treasury, following a path set by Strategy (MSTR) in the U.S. and Metaplanet (3350) in Japan.<\/p>\n<p>The Johannesburg-based company paid 1.8 million rand ($98,200) for just over 1 BTC, and said it doesn&#8217;t plan to buy alternative cryptocurrencies.<\/p>\n<p>Altvest said it sees &#8220;bitcoin as the only digital asset that meets its stringent investment criteria for a long-term treasury allocation.&#8221;<\/p>\n<p>Corporates are increasingly adding bitcoin as a strategic treasury asset. Michael Saylor&#8217;s Strategy (formerly known as MicroStrategy) pioneered the a move, starting to buy BTC in 2020. It now holds 478,740 bitcoin, worth more than $47 billion at current prices.<\/p>\n<p>The South African investment firm said the initiative to acquire bitcoin was &#8220;focused on preserving shareholder value, mitigating currency depreciation risks, and gaining exposure to a globally recognized store of value.&#8221;<\/p>\n<p>Since Tokyo-based Metaplanet started buying bitcoin in April last year, it has acquired 2,031 tokens worth nearly $200 million and its shares became the <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/18\/bitcoin-focused-metaplanet-to-spit-stock-10-1-after-3-900-price-surge\" target=\"_blank\">best-performing Japanese equity<\/a> over the past 12 months, with a gain of 3,900%. Earlier this month, investment bank <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/07\/kbw-starts-strategy-coverage-with-outperform-offers-leveraged-bitcoin-exposure\" target=\"_blank\">KBW started coverage of Strategy<\/a> with an outperform rating and a $560 price target. The shares are currently $323.92.<\/p>\n<p>Altvest shares were trading more than 9% lower at 590 rand at publication time.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/business\/2025\/02\/13\/tech-zombie-zoom-should-embrace-bitcoin-strategy-semler-chairman-says\" target=\"_blank\">Zoom <\/a><a href=\"https:\/\/www.coindesk.com\/business\/2025\/02\/13\/tech-zombie-zoom-should-embrace-bitcoin-strategy-semler-chairman-says\" target=\"_blank\">Communications<\/a><a href=\"https:\/\/www.coindesk.com\/business\/2025\/02\/13\/tech-zombie-zoom-should-embrace-bitcoin-strategy-semler-chairman-says\" target=\"_blank\"> Should Embrace Bitcoin as Treasury Asset, Eric Semler Says<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Altvest Capital (ALV) became the first listed company in Africa to adopt bitcoin (BTC) as a strategic treasury asset, the company said in a press release Friday. Altvest said it bought one bitcoin for its strategic treasury, following a path set by Strategy (MSTR) in the U.S. and Metaplanet (3350) in Japan. The Johannesburg-based company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14284","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14284"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14284\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}