Altvest Capital Ltd. said it will become the first publicly traded company in Africa to adopt Bitcoin as its main treasury reserve asset, a strategy that follows Michael Saylor's Strategy, in which shares have soared more than 2,400% since they began buying Bitcoin. Altvest CEO Warren Wheatley said in an interview that the company purchased a bitcoin and has applied to regulators to raise approximately 200 million rand (US$10 million) by selling shares to increase its treasury reserves. He added that no final decision had been made on raising funds.