A company from South Africa has placed a bet on Bitcoin.

# A company from South Africa has bet on bitcoin to escape inflation.

The first cryptocurrency will solve key problems of the African continent — devaluation and inflation. This is the opinion of the leaders of the local company Africa Bitcoin Corporation (ABC), which announced plans to raise $210 million to create 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, the firm from South Africa was called Altvest Capital. In February, it became the first African company to add digital gold to its reserves. In September, a rebranding took place and a complete transition to a bitcoin treasury strategy was announced in the press release.

Currently, public companies hold 964,475 BTC worth over $110 billion. The largest holder is Michael Saylor's Strategy, which began purchasing cryptocurrency in 2020.

Top 10 largest Bitcoin holders among public companies. Source: Bitbo In an interview with Cointelegraph, Chairman Stafford Maisy and CEO of ABC Warren Wheatley noted that their business was initially focused on helping entrepreneurs and small businesses raise capital through the Johannesburg Stock Exchange.

Whitley explained that their mission is to overcome the "dysfunction" of global capital markets, where small players are limited in their ability to obtain investments. According to him, the transition to forming a bitcoin reserve is a natural evolution.

The top manager described the first cryptocurrency as an "ideal alternative asset" capable of strengthening the company's balance.

Maisy added that with the help of digital gold, ABC will be able to expand support for small businesses in South Africa through new financial products. As an example, he cited lending.

"We do not limit ourselves solely to the idea of a bitcoin reserve. Our operating business has significant potential, and cryptocurrency is becoming a key competitive advantage for its implementation," emphasized the chairman of the board of the company.

How will Bitcoin help Africa?

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

"In Africa, when financial services fail, people die. We live in this reality, so we approach Bitcoin from the perspective of real human necessity and the question of survival," he said.

The top manager of ABC added that issues like corruption and political instability are a consequence of monetary dysfunction.

"Society is not broken — the money is broken. The rise in food prices reflects the weakness of the currency, not the economy," said Maisie.

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

It is worth noting that in August, the total volume of Bitcoin reserves accumulated by firms reached a record 840,000 BTC, analysts at CryptoQuant pointed out. However, the sizes of purchases and transactions have fallen to annual lows.