Catenaa, Monday, March 3, 2025 – South African investment company Altvest Capital has officially entered the Bitcoin market, citing the cryptocurrency as a strategic reserve asset and a hedge against economic instability.
Altvest announced its first Bitcoin investment on Feb. 21, emphasizing that its digital asset strategy will remain focused exclusively on Bitcoin and will not include altcoins. The firm believes Bitcoin offers long-term growth potential while mitigating risks associated with currency depreciation, particularly the weakening of the South African rand.
Bitcoin was fundamentally different from other digital assets, says Altvest.
It says that Bitcoin is the only truly decentralized, scarce, and globally recognized digital asset that aligns with Altvest’s investment philosophy.
The company has also applied for regulatory approval to list Bitcoin-linked equity instruments and is planning to increase its Bitcoin holdings by reinvesting profits and raising additional capital.
Altvest’s skepticism toward altcoins stems from concerns over centralized governance, inflationary supply mechanisms, and regulatory uncertainties. Despite this, the firm stated that it will continue to monitor technological advancements in the broader digital asset space.
The move aligns with a growing global trend of corporations adopting Bitcoin as a treasury asset, positioning Altvest as a pioneer among publicly traded African firms.
