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.
The company said its Bitcoin treasury strategy is aimed at increasing shareholders’ economic exposure to Bitcoin while preserving value through long-term accumulation.
It reiterated that it has adopted a “HODL” approach and has no current intention of selling its Bitcoin reserves.
According to the company, its Bitcoin holdings generated a 10.1% increase in Sats-Per-Share (SPS) between 1 March and 27 May 2026. Since the launch of its Bitcoin treasury strategy in December 2024, SPS has increased by 429.2%, reflecting the growth in Bitcoin exposure attributable to each ordinary share in issue.
Africa Bitcoin Corporation highlighted Bitcoin’s fixed supply, decentralised structure, growing institutional adoption, liquidity, and increasing regulatory recognition as key reasons underpinning its treasury strategy.
Based on a Bitcoin market price of N$6.85 million. The company accounts for its Bitcoin reserves as indefinite-life intangible assets under International Financial Reporting Standards (IFRS).
The group said it intends to continue accumulating Bitcoin as a long-term store of value and remains focused on expanding shareholder exposure to the potential upside of the digital asset over time.
Africa Bitcoin Corporation is planning to expand its Altvest Credit Opportunities Fund (ACOF) into Namibia in 2026 as part of a broader African growth strategy aimed at attracting new investors and deepening its footprint in regional capital markets.
The company is listed on the Namibian Securities Exchange.
The company said that investor roadshows are already underway in Namibia and Botswana to raise capital for ACOF, while expansion plans into Uganda and Kenya are also being prepared.
