According to Odaily Planet Daily, South African listed company Altvest Capital Ltd. plans to raise $210 million to purchase Bitcoin and establish a crypto treasury reserve to capitalize on the near-doubling of digital asset prices over the past year. Founder and CEO Warren Wheatley stated that Altvest will be renamed "Africa Bitcoin Corp." and is currently raising funds from local and international investors while also pursuing an international listing. Its subsidiary, Altvest Bitcoin Strategies Pty Ltd., will provide crypto-related services on behalf of CAEP Asset Managers Pty Ltd., which is authorized by the Financial Sector Conduct Authority of South Africa. (Bloomberg)