Altvest Capital (JSE: ALT), a leading Johannesburg Stock Exchange-listed investment holding company, announced today its landmark decision to allocate a portion of its treasury reserves to bitcoin, mirroring the strategy pioneered by U.S. tech giant MicroStrategy.
The move marks one of the first bitcoin treasury adoptions by a publicly traded company in Africa, positioning Altvest at the forefront of digital asset innovation in emerging markets.
Strategic Bitcoin Allocation
Altvest’s wholly owned subsidiary, Altvest Bitcoin Strategies, has acquired 1.00464 (BTC) for R1.81 million (≈$100,000 USD) as the initial step in a long-term treasury diversification plan. 
The company emphasized bitcoin’s role as a hedge against macroeconomic instability and South Africa’s volatile currency, the rand, which has depreciated by approximately 12% against the U.S. dollar over the past year.
Key Rationale for Bitcoin Adoption:
- Inflation Hedge: Mitigate risks tied to rand depreciation and rising inflation (currently 7.3% in South Africa).
- Scarcity & Decentralization: Bitcoin’s fixed supply of 21 million and censorship-resistant architecture.
- Institutional Validation: Growing global adoption by corporations, ETFs, and sovereign wealth funds.
- Regulatory Clarity: Alignment with South Africa’s progressive regulatory framework for digital assets.
JSE-Listed Altvest Capital: Leadership Vision
Altvest’s decision is spearheaded by Stafford Masie, its chairman and a renowned South African tech entrepreneur and bitcoin advocate. Masie has actively lobbied for bitcoin’s inclusion in the nation’s strategic reserves.
“Bitcoin is fundamentally different from speculative cryptocurrencies—it is a decentralized, scarce, and globally recognized asset class,” said Warren Wheatley, CEO of Altvest. “This allocation strengthens our treasury’s resilience while aligning with our philosophy of alternative asset exposure for long-term value creation.”
Compliance & Risk Management
JSE-Listed Altvest Capital stressed that its bitcoin holdings will adhere to stringent financial regulations, with transparent reporting to shareholders. The company has implemented a risk management framework to dynamically adjust exposure based on market conditions, treasury objectives, and regulatory developments.
Strategic Expansion
Bloomberg reports indicate JSE-Listed Altvest Capital has applied to regulators to raise R200 million (≈$11 million USD) through a share sale to bolster its treasury reserves. While unconfirmed, the capital could further expand its bitcoin position.
Why This Matters
Altvest’s move reflects a growing trend among corporations to adopt bitcoin as a treasury reserve asset, a strategy popularized by MicroStrategy (NASDAQ: MSTR), which holds 478,740 BTC ($47 billion).
As emerging markets face currency volatility and capital controls, bitcoin’s role as a non-sovereign store of value gains traction.
About Altvest Capital
Altvest Capital (JSE: ALT) is a Johannesburg-based investment holding company specializing in alternative assets. Founded in 2010, Altvest focuses on high-growth opportunities in technology, infrastructure, and digital assets. Learn more at www.altvestcapital.co.za.
Media Contact:
Altvest Investor Relations Team
+27 11 123 4567 | ir@altvestcapital.co.za
