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A few days ago, the capital market company Altvest Capital became the first publicly traded African company to adopt Bitcoin as a treasury reserve asset. This move was announced as part of a broader treasury management strategy that focused on strengthening the firm’s financial resilience and protecting its business from currency depreciation risks. Stafford Masie, chairman of Altvest Capital’s board of directors – which played a crucial role in the company’s decision – has expressed his unwavering support for Bitcoin. A former head of Google for South Africa, Masie has been a prominent BTC advocate pushing for the adoption of the leading digital asset in the country. Bitcoin or Nothing During a session with a podcast for the crypto exchange VALR, Masie told the host, Farzam Ehsani, that he is a Bitcoin maxi who does not believe in other blockchain projects. According to a podcast transcript shared with CryptoPotato, Masie sees every other blockchain as an interesting computer science project and a copy of Bitcoin that is trying to solve a problem in a niche, like offering a scalability solution for a challenge. Masie revealed that he disliked other blockchain projects because they “murky the waters” and frequently get in the way of Bitcoin. With the market currently witnessing some sort of detachment between Bitcoin and altcoins, Masie believes people are beginning to see the difference between both ecosystems from a decentralization and security point of view. Regardless, Masie insisted that he stands for Bitcoin only because every crypto entity inevitably moves back to it. He said whatever happens in “Bitcoin land” eventually ends up in the BTC space over the long term. “But me, I am Bitcoin. I’ve always been Bitcoin. I mean, I’ve said it years ago. I don’t believe in blockchain projects…I love Bitcoin. I’m in Bitcoin and Bitcoin only. I’m a maxi,” the Altvest board chairman stated. The Need For a South African SBR Talking about the importance of a Strategic Bitcoin Reserve (SBR) for South Africa, Masie compared bitcoin (BTC) to gold. He asserted that the cryptocurrency had greater characteristics than the precious metal. Citing Bitcoin’s deflationary model, fixed supply, and stock-to-flow ratio, Masie argued that its utility “foul-strips” that of gold. Masie thinks South Africans need to lobby for the government to invest a portion of national funds into Bitcoin because the long-term benefits are substantial. In the meantime, Masie intends to utilize unused energy in South Africa to turn the country into a Bitcoin mining hub over the next few years. The post Bitcoin or Nothing: Altvest’s Board Chairman Dismisses Other Blockchain Projects appeared first on CryptoPotato.

$SUI News: @SuiNetwork launching the next iteration of #nostr - fully decentralized communication. Lets go! 🏈🏈 When demo @kostascrypto ? Space?

IMO: @timedotfun will destroy @pumpdotfun Humans are valuable and their time is valuable. Im all about this - setting up a public Space with the @timedotfun team - reminder coming soon - come hear about this insane new use case on #Solana.

- DekaBank emphasizes security and regulatory compliance. - Other German banks, like LBBW, are also exploring crypto services. - DZ Bank plans to launch crypto offerings for private customers soon. What do you think about traditional banks entering the crypto space? Share your thoughts below!

Metaplanet,a Japanese investment company has acquired 135 Bitcoin and has a reserve balance of 2,235 BTC . The latest acquisition of nearly $13 million further emphasizes the company’s investment in Bitcoin as a reserve asset amid economic downturn. 🇯🇵 JUST IN: Metaplanet bought 135 Bitcoin worth around $13 million, totalling to 2,235 $BTC on their balance sheet. pic.twitter.com/sBFBg2f5Um Metaplanet has gained attention for its continuous Bitcoin accumulation, drawing comparisons to the U.S.-based Strategy(formally MicroStrategy ). The company has positioned Bitcoin as its primary treasury reserve asset, utilizing innovative financial strategies to optimize shareholder value. By increasing its Bitcoin holdings, Metaplanet aims to hedge against the yen’s depreciation and Japan’s rising government debt. Being the sole listed Bitcoin Treasury firm in Japan, the strategy of Metaplanet follows an emerging trend of institutional Bitcoin investment. The company’s strategy follows that of MicroStrategy that has been steadily increasing the Bitcoin holdings in a bid to hedge against the risk of the fiat currency. Metaplanet has ambitious acquisition targets of Bitcoin holdings with a 2025 target of 10,000 BTC. The company anticipates a 35% Bitcoin yield per quarter throughout 2025 that will further reinforce the company’s long-standing belief in Bitcoin’s store of value position. The company has a 2026 target of 21,000 BTC of total Bitcoin holdings. To finance such acquisitions, Metaplanet has announced the “21 Million Plan,” wherein 21 million shares will be issued through the issue of moving strike warrants. This largest-ever Bitcoin equity capital raising in Asia has the ambition of raising ¥116.65 billion of capital that will be used to buy additional Bitcoin. In contrast to its bullish Bitcoin strategy, Metaplanet shares ended lower Tuesday trading 1.45% lower at ¥6,120.00 based on figures provided by Google Finance as at the time of writing. The move indicates that although the company’s Bitcoin strategy has been established, short-term volatility of the shares continues to be a factor in investor attitudes. Metaplanet continues to affirm its support of Bitcoin as a treasury asset and asserts itself as a leading institutional force within the space of digital assets. Through ambitious accumulation goals and planned financing strategies, the company maintains a drive toward expanding reserves of Bitcoin and embracing the changing world of finance. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.