Africa Bitcoin Corporation (ABC) has become the first publicly-listed company in Africa to establish a Bitcoin-based treasury, trading on the Johannesburg Stock Exchange. Formerly known as Altvest Capital, ABC aims to raise $210 million to purchase Bitcoin through preferential share offerings and structured debt notes. The company seeks to address financial market dysfunctions by providing Bitcoin-backed financial services to small enterprises in South Africa. ABC's leadership emphasizes Bitcoin's role as a life-saving financial tool in Africa, where devaluing currencies and inflation are prevalent. Chairman Stafford Masie and CEO Warren Wheatley highlight Bitcoin's potential to preserve monetary value and support economic growth in developing countries. ABC has already raised 11 million rand ($633,000) in its initial phase, with a goal of $11 million.