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Tag Archives: #BitcoinReserve

South Africa’s AltVest Capital Embraces Bitcoin Reserve Strategy

AltVest Capital intends to raise $10 million to boost its Bitcoin holdings.  The corporation sees Bitcoin as a currency devaluation hedge. South African investment company AltVest Capital is adopting Bitcoin as a reserve asset for the treasury, and it is setting the pace in Africa as the first company to do so. The company already owns one Bitcoin and is making a bid for regulatory approval to raise another 200 million rand (about $10 million) to increase its Bitcoin holdings. AltVest...

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