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Africa has welcomed its first Bitcoin treasury company, Africa Bitcoin Corporation, now trading on the Johannesburg Stock Exchange. While aiming to attract significant capital, the firm emphasizes Bitcoin’s grassroots adoption across the continent. This move signals growing institutional interest in cryptocurrency within African markets.
- Africa Bitcoin Corporation is the first publicly-listed Bitcoin treasury company in Africa, trading on the Johannesburg Stock Exchange.
- The company aims to raise $210 million through preferential share offerings and structured debt notes to acquire Bitcoin.
- Founders believe Bitcoin's significant impact in Africa will continue to be driven by retail and grassroots adoption, alongside institutional investment.
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