Africa Bitcoin Corporation increases its Bitcoin holdings
Africa Bitcoin Corporation has increased its Bitcoin holdings after acquiring an additional 0.5085 Bitcoin (BTC) for N$627,573, reinforcing its strategy of building a long-term Bitcoin treasury reserve.
Staff Writer Africa Bitcoin Corporation has increased its Bitcoin holdings after acquiring an additional 0.5085 Bitcoin (BTC) for N$627,573, reinforcing its strategy of building a long-term Bitcoin treasury reserve. The company, formerly known as Altvest Capital Limited, announced that the purchase was made on 27 May 2026 through its wholly owned subsidiary, Africa Bitcoin Strategies Proprietary Limited. The Bitcoin was acquired on the open market at an average price of N$1.23 million per BTC, including fees and expenses.
The acquisition was financed through an expansion of the group’s secured digital asset lending facility, which is backed by a portion of its existing Bitcoin holdings. The facility carried a variable interest rate linked to prevailing digital asset lending market conditions and was currently below 5% per annum. Following the latest purchase, Africa Bitcoin Corporation’s total Bitcoin holdings increased to 5.5331 BTC, acquired at a cumulative cost of approximately N$1.53 million per Bitcoin.
