Africa Bitcoin Corporation (ABC) is a public, listed financial services group that provides private credit (loans) and other funding instruments to small and medium-sized enterprises (SMEs) across Africa and holds Bitcoin as a strategic reserve asset. By using Bitcoin as part of its treasury, ABC can tap into international funding at a significantly lower cost than local markets, allowing it to enjoy wider lending margins and to offer more affordable loans to African entrepreneurs.
The private credit business provides high yield, steady and predictable cash flows to the group. The Bitcoin treasury strengthens our balance sheet and allows us access to international pools of capital at substantially lower rates than our African competitors have access to.
Our loan book, which is now in its third year of operations, is built on secured lending and has shown strong, consistent performance. We have generated steady predictable cash yields while maintaining defaults well below 1% of the assets under management.
Africa Bitcoin Corporation (formerly Altvest Capital) has undergone an important transformation to position the group for the future.
All historic financial information, disclosures, and market announcements will continue to be recorded under the name Altvest Capital. This ensures continuity and transparency for our stakeholders and regulators.
Following our name change on 10 September, all future reports, communications, and investor materials will reflect our new name: Africa Bitcoin Corporation. Historic information, however, will remain in the name of Altvest Capital.
The name change reflects a strategic enhancement. While we remain committed to our founding mission of supporting SMEs and building innovative financial services, we have strengthened our balance sheet with Bitcoin. This positions us to deliver long-term value to our shareholders by steadily increasing Bitcoin per share, while still protecting and ring-fencing our legacy businesses.
In short, our evolution marks a continuity of purpose with an expanded vision:
| Issuer full name | Africa Bitcoin Corporation Limited |
|---|---|
| Registration number | 2021/540736/06 |
| ISIN | ZAE000337051 |
| LEI Number | 37898OOE85B7YW5EEW57 |
| Exchange / trading venue | Share code |
|---|---|
| JSE and A2X | BAC |
| NSX | BAN |
| Deutsche Börse and Tradegate | 4BC |
| OTCQB | AFBCF |
| LSX (Lang & Schwarz) | A41NMZ |
| Number of ordinary shares currently in issue | 11,368,598 |
| SHARE CLASS | ABBREVIATED NAME | SHARE CODE | ISIN |
|---|---|---|---|
| Ordinary shares: | AFBITCOIN | BAC | ZAE000337051 |
| Preferred A ordinary shares: | AFBTCOINA | BACA | ZAE000338422 |
| Preferred B ordinary shares: | AFBTCOINB | BACB | ZAE000338430 |
| Preferred C ordinary shares: | AFBTCOINC | BACC | ZAE000338448 |