From NSX to Nairobi: Africa Bitcoin Corporation sets sights on continent-wide bitcoin access

Following its recent successful listing on the Namibia Securities Exchange (NSX), the Africa Bitcoin Corporation (ABC) is wasting no time in pursuing its broader ambitions. The company has now set its sights on the rest of the African continent and beyond with a mission to democratise and simplify Bitcoin investment while leveraging its financial model to fuel SME growth across Africa.With a strategic plan for multiple secondary listings across Africa, Europe and the United States, and a reported net profit of R21.3 million for the past six months, ABC is positioning itself as a key bridge between global capital and Africa’s growing enterprise market.Reflecting on the NSX listing, ABC CEO Warren Wheatley said the move marks the company’s first expansion outside South Africa and is designed to broaden shareholder access to its instruments across the Southern African region.“The NSX listing reflects our strategy of deepening liquidity, diversifying our investor base, and ensuring that local investors in Namibia have direct access to both our ordinary shares and our preferred ordinary C shares linked to ACOF.” Wheatley added that ABC will leverage its primary listing on the Johannesburg Stock Exchange’s AltX and its secondary listings on A2X in South Africa and the NSX in Namibia to raise equity. “The company already has authority to issue up to 3.3 million shares under its general authority to issue shares for cash. This will kick-start the NSX capital raise, support implementation of the Bitcoin Treasury strategy, and signal the market of our new direction.”StrategyOutlining ABC’s continental expansion plans, Wheatley said the company aims to widen access for Bitcoin investors while enhancing liquidity and cash flow. “To expand access and liquidity, ABC intends to pursue secondary listings on multiple stock exchanges in Africa, as well as select international markets.” The planned listings include the Aquis Stock Exchange in London to attract institutional investors in the United Kingdom and Europe; the OTC Markets Group in the United States to enable North American investors to trade ABC shares in US dollars; the Botswana Stock Exchange to tap investor demand in Botswana and the SADC region; and the Nairobi Securities Exchange, to reach East African markets.In Europe, ABC also plans a Frankfurt Stock Exchange listing to access Germany’s investor base for international micro-cap stocks.“These secondary listings are expected to begin in late 2025 and continue into 2026, following the initial JSE and NSX capital raise,” Wheatley said. “The rationale is to enable global investor access through local exchanges, currencies, and accounts.”He added that the expansions would allow ABC to trade in a variety of currencies and time zones, attracting a wider shareholder base and improving share liquidity. “It also enhances price discovery by accessing deeper capital pools abroad.” SME-focused growthSpeaking on the company’s SME financing arm - the co-listed Altvest Credit Opportunities Fund (ACOF) - ABC’s Chief Investment Officer Akshay Karan said its growth has been driven by necessity rather than desire. “Our decision to expand ACOF’s SME offering beyond South Africa and into the rest of the continent is driven by both opportunity and necessity. There are significant pools of institutional capital specifically mandated for multi-jurisdictional strategies,” Karan said.“By extending our reach across borders, we are better positioned to capture these mandates and channel capital into productive SME growth. The funding gap we’ve addressed so effectively in South Africa is not unique to our local market.”He added that entrepreneurs and SMEs across Africa face similar challenges in accessing affordable, structured finance. “Expanding our solutions enables us to replicate a proven model where the problem is most acute and the impact most meaningful.“This expansion also aligns directly with ABC’s mission to democratise access to capital markets and provide investors with transparent exposure to Africa’s growth story, supported by the strength of a Bitcoin-anchored balance sheet,” Karan said.According to him, ACOF is developing SME solutions across the continent. “We are not only unlocking capital flows but positioning ABC as the natural bridge between African opportunity and global investors. Looking ahead, ACOF’s focus remains on scaling its capital base and expanding its footprint,” he said.The broader goal, Karan noted, is to transform ACOF into a pan-African credit platform, with partnerships and co-investments being explored in East and West Africa, where SMEs face similar funding gaps.“This expansion aligns with ABC’s mission to unlock African enterprise capital flows, ensuring that investor funds are channelled into regions where they are most needed to drive business growth, job creation, and sustainable impact.” Financial performanceFor the six months under review, the group delivered a net profit of R21.3 million, compared with a loss of R6.2 million in August 2024. This marks the company’s first sustained profit since listing and reflects strong revenue momentum and fair value gains across core investments.Revenue rose 156% year-on-year to R7.7 million, driven primarily by recurring management fees from the group’s investments and administrative fees from advisory operations. Notably, revenue is shifting toward more stable, recurring income streams, strengthening earnings quality.Fair value adjustments contributed R30.5 million, largely from improved loan book performance and reduced impairments within ACOF. Operating expenses increased 65% to R16.4 million as the Group invested in compliance, governance, and talent to support scaling operations.

From NSX to Nairobi: Africa Bitcoin Corporation sets sights on continent-wide bitcoin access

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Namibian Sun 2025-10-09

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From NSX to Nairobi: Africa Bitcoin Corporation sets sights on continent-wide bitcoin access

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Namibian Sun 2025-10-09

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