Chamwe Kaira
Africa Bitcoin Corporation Limited has expanded its cryptocurrency treasury after acquiring more Bitcoin.
The company, listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), said its subsidiary Africa Bitcoin Strategies bought 0.6833 Bitcoin on 7 November.
The Bitcoin was purchased at an average price of N$1.77 million per coin, bringing the total transaction cost to N$1.21 million, including all fees.
The purchase was made through the VALR over-the-counter trading desk and funded from the company’s recent equity capital raise of N$4.05 million.
Africa Bitcoin Corporation now holds 3.1949 Bitcoin in total, with a combined acquisition value of about N$5.8 million. The company said its average purchase price stands at N$1.82 million per Bitcoin.
It said the Bitcoin purchases over the past year fall under a category 2 transaction in terms of JSE Listings Requirements. No shareholder approval was needed because the acquisition did not involve related parties.
The company continues to implement its Bitcoin Treasury Strategy, which treats Bitcoin as a long-term reserve asset. It said it follows a “HODL” approach, meaning it holds Bitcoin rather than selling it, reflecting its belief in Bitcoin as a scarce and inflation-resistant store of value.
As of 7 November 2025, Bitcoin traded at N$1.74 million, based on a global price of US$100 670 and an exchange rate of 17.32 rand per US dollar. This placed the current carrying value of the company’s holdings at N$5.57 million.
Africa Bitcoin Corporation highlighted Bitcoin’s fixed supply of 21 million coins, its decentralised network, growing institutional adoption, liquidity and increasing regulatory recognition.
The company classifies Bitcoin as an intangible asset under IAS 38, using the revaluation model. It said the asset is not amortised but assessed annually for fair value and impairment.
Africa Bitcoin Corporation said it plans to continue accumulating Bitcoin to expand shareholders’ exposure to its long-term growth potential.
