Africa Bitcoin Corporation (ABC), formerly Altvest Capital Limited, has listed on the Börse Frankfurt Quotation Board. The move marks the South Africa-based Bitcoin treasury and SME-finance firm’s latest step to broaden its global investor base, TechCabal reports.

ABC also began trading on Germany’s Tradegate and Lang & Schwarz platforms, extending its European footprint. The listings form part of a multi-exchange expansion that included its OTCQB debut in the United States on November 26, according to the company.

ABC’s model centres on holding Bitcoin in its treasury to grow Bitcoin per share (BPS) while keeping its SME-lending and advisory businesses ring-fenced and income-generating. The firm reports net asset value (NAV) per share as its core performance metric.

The company is listed in South Africa on the Johannesburg Stock Exchange (JSE) under its former structure (ticker: JSE:ALTV, now rebranded under ABC) and on A2X Markets, and in Namibia on the NSX. ABC said early cross-listing provides exposure to European family offices and pension funds seeking regulated equity access to Bitcoin rather than direct digital-asset holdings.

Executive chairman Stafford Masie, speaking to TechCabal, said European investors are already familiar with Bitcoin treasury companies, which shortens investor education timelines and diversifies ABC’s shareholder base.

ABC intends to raise $210mn over the next three years to expand its SME private-credit operations and increase its Bitcoin holdings. As of December 2025, the company held 3.1950 Bitcoins, according to Masie.

Financial statements for the six months ending August 31, 2025, show NAV of ZAR125.97mn (about $7.4mn) and a market capitalisation of ZAR99mn (about $5.8mn) at a reference share price of ZAR9.00 ($0.53). Profit before tax reached ZAR27.23mn ($1.6mn) and after-tax profit ZAR21.32mn ($1.24mn).

ABC reported a ZAR10.78mn ($630,000) loss at its lending subsidiary, Altvest Credit Opportunities Fund (ACOF), driven by operating costs and loan impairments. ACOF deployed ZAR320mn ($18.7mn) in loans to 39 SMEs, backed by ZAR618mn ($36mn) in security, supporting more than 1,650 jobs, according to company filings.

The firm also holds legacy real-estate assets, including the Umganu Lodge near Kruger National Park and the Bambanani family restaurant in Johannesburg, according to TechCabal. ABC plans to introduce Bitcoin payment options across its hospitality portfolio as part of its treasury-focused strategy.

CEO Warren Wheatley said in ABC’s August financial report that the company aims to become the largest African-listed business holding Bitcoin on its balance sheet while expanding SME finance across the continent.

ABC’s long-term ambition is to accumulate up to 2,100 Bitcoins within 21 months and position itself among Africa’s largest listed companies within five years, according to Masie.