South African Firm Bets on Bitcoin to Combat Inflation

Africa Bitcoin Corporation aims to raise $210 million for BTC acquisition.

The leading cryptocurrency is seen as a solution to key issues on the African continent—devaluation and inflation. This is the view of executives at the local company Africa Bitcoin Corporation (ABC), which has announced plans to raise $210 million to establish a Bitcoin reserve.

“In Africa, when financial services don’t work, people die. We live that reality. So when we approach Bitcoin, we approach Bitcoin from a real human necessity, life-saving perspective.”@staffordmasie outlined why Bitcoin is so powerful for countries grappling with… pic.twitter.com/E24Pek9DnU

— Gareth Jenkinson (@gazza_jenks) September 10, 2025

Previously known as Altvest Capital, the South African firm became the first on the continent to add digital gold to its reserves in February. In September, it rebranded and fully transitioned to a Bitcoin treasury strategy, according to a press release.

Currently, public companies manage 964,475 BTC, valued at over $110 billion. The largest holder is Michael Saylor’s Strategy, which began purchasing cryptocurrency in 2020.

In an interview with Cointelegraph, Chairman Stafford Masie and ABC CEO Warren Wheatley noted that their business was initially focused on helping entrepreneurs and small businesses raise capital through the Johannesburg Stock Exchange.

Wheatley explained that their mission is to overcome the “dysfunction” of global capital markets, where small players are limited in their investment opportunities. According to him, transitioning to a Bitcoin reserve is a natural evolution.

The top executive described the leading cryptocurrency as the “ideal alternative asset” capable of strengthening the firm’s balance sheet.

Masie added that with digital gold, ABC could expand support for small businesses in South Africa through new financial products, citing lending as an example.

“We are not solely focused on the idea of a Bitcoin reserve. Our operational business has significant potential, and cryptocurrency becomes a key competitive advantage for its realization,” emphasized the company’s chairman.

How Can Bitcoin Help Africa?

According to Masie, in developed countries in Europe and America, people view the leading cryptocurrency as an alternative investment asset. In developing nations, digital gold holds immense value as a medium of exchange and store of value.

“In Africa, when financial services don’t work, people die. We live in this reality, so we approach Bitcoin from a real human necessity and survival perspective,” he said.

The ABC executive added that issues like corruption and political instability are consequences of monetary dysfunction.

“Society is not broken—money is. Rising food prices reflect currency weakness, not economic weakness,” stated Masie.

The company has so far raised 11 million rand ($633,000). In the first phase, it aims to collect a total of $11 million.

Back in August, the cumulative volume of Bitcoin reserves accumulated by firms reached a record 840,000 BTC, noted CryptoQuant analysts. However, the size of purchases and transactions fell to annual lows.