“The South African Alternative Investment Firm Has Boughty One Bitcoin.”, – WRITE: www.coindesk.com
Altvest SAID IT BOUGHT ONE BITCOIN FOR ITS STRATEgic Treasury, Following A Path Set by Strategy (Mstr) in the Us and Metaplanet (3350) in Japan.
The Johannesburg-Basted Company Paid 1.8 Million Rand ($ 98.200) for Just Over 1 BTC, and SAID IT DOESN’T Plan to Buy Alternative Cryptocurrencies.
ALTVEST SAID IT SEES “Bitcoin As the Only Digital Asset That Meets Its Stringent Investment Criteria for A Long-Treasury ALLOLOCATION.”
Corporates are increasingly adding bitcoin as a strategic treasury asset. Michael Saylor’s Strategy (Formerly Known As Microstrategy) Piodeered the a Move, Starting to Buy Btc in 2020. IT NOW HOLDS 478,740 Bitcoin, Worth More.
The South African Investment Firm Said of the Initiative To Acquire Bitcoin Was “Focused on Preserving Shareholder Value, Mitigating Currency Department Risks, and Gainingd exposure toto. value. ”
SINCE TOKYO-BASED METAPLANET STARTED BUYING BITCOIN IN APRIL LAST YEAR, IT HAS ACQUID 2.031 Tokens Wortth Nearly $ 200 Million and Its Shares Best-Reporting Jap. with a gain of 3.900%. Earlier this month, Investment Bank Kbw Started Coverage of Strategy With An Outperform Rating and A $ 560 Price Target. The Shares Are Currently $ 323.92.
Altvest Shares Were Trading More than 9% Lower at 590 Rand at Publication Time.
Read More: Zoom Communications Should Embrace Bitcoin As Treasury Asset, Eric Semler Says
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