Imagine a company in Africa that wants to use Bitcoin, a type of digital money, as its main savings! Altvest Capital, a South African company, is trying to get permission to raise $10 million to buy lots of Bitcoin.
They believe Bitcoin is a smart way to protect their money from problems in the regular economy. It's like having a special safe for their company's money!
This could be a big deal for Bitcoin in Africa, and shows how more companies are starting to use it.
- Altvest wants to be the first African company to use Bitcoin as its main savings.
- They already bought one Bitcoin and want to buy more using money from selling company shares.
- They think Bitcoin protects against money problems and falling prices.
| Fact | Information |
|---|---|
| Amount to raise | $10 million |
| Bitcoin's role | Primary reserve asset |
| Company Location | Johannesburg, South Africa |
