South African investment firm Altvest Capital has made history by becoming the first publicly listed company in Africa to buy bitcoin as a strategic treasury asset. The company recently bought one bitcoin and plans to increase its holdings significantly.

Altvest Capital, based in Johannesburg, is taking a big step into the Bitcoin space by adding the scarce digital asset to its treasury.

The company sees Bitcoin as a hedge against economic volatility, saying it believes bitcoin is a valuable asset that protects its holders from inflation and the depreciation of the fiat currencies. CEO Warren Wheatley said:

“Bitcoin is fundamentally different from other digital assets….

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