Johannesburg -based Altvest Capital, Bitcoin $98,663.61It was the first public African company to adopt it as a strategic treasure presence. In a press release published in a press release, the company aims to protect the value of the company, to take precautions against the risks of depreciation of the currency and to provide access to a global value -storage tool.
Strategic Bitcoin investment
Altvest Capital bought Bitcoin by following the path that Strategy in America and Metaplanet in Japan followed. The company chose to see Bitcoin as the only digital asset suitable for the long -term treasury distribution portfolio. In addition, it was stated that there is no purchase plan for alternative crypto assets.
Market performance and global approaches
Among the global companies, the tendency to add Bitcoin as a strategic treasure presence is increasing. Strategy, led by Michael Saylor, has made a significant investment since 2020 and had a gigantic Bitcoin reserve. Tokyo -based Metaplanet expanded its portfolio last year by starting Bitcoin purchases.
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Altvest Capital has paid about 1.8 million RAND to buy a Bitcoin for the strategic treasury. With this process, the company reportedly aimed to strengthen its portfolio by tracing the previous examples.
“Bitcoin is considered the only digital asset for our tight investment criteria for long -term treasury distribution.” – Altvest Capital
It is positive in terms of tendency, even if it is a symbolic purchase. At the time of the article, Altvest Capital shares lost about 9 percent.
In the light of the information contained in the news, Altvest Capital’s strategic treasury investment can be considered as one of the steps taken within the framework of the company’s long -term value protection strategy. Investors follow this development in the context of the company’s risk management and global investment trends.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
