Africa’s first listed bitcoin treasury company Africa Bitcoin Corporation (ABC) has acquired a further 1.35 bitcoin (BTC), bringing its total haul to 4.55 BTC – currently valued at around R4.7 million.
The average price paid for the latest acquisition was R1.14 million, slightly above the current price of R1.07 million.
It’s a small beginning, but the company plans an aggressive scale-up its BTC acquisitions along the lines of Michael Saylor’s Nasdaq-listed Strategy, which has accumulated more than 730 000 BTC, much of it funded with debt and the issue of new equity.
