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TechFlow, September 8 — According to Bloomberg, South African listed company Altvest Capital Ltd. plans to raise $210 million to purchase bitcoin. The company will be renamed Africa Bitcoin Corp.
Warren Wheatley, CEO of Altvest, said the strategy follows the successful examples set by Strategy.com and Japan's Metaplanet Inc. With bitcoin prices nearly doubling over the past year, the company aims to benefit from this trend.
Altvest CEO Warren Wheatley said the strategy follows the successful examples of companies like Strategy.com and Japan's Metaplanet Inc., as Bitcoin prices have nearly doubled over the past year, and companies hope to benefit from this trend.
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