REALITY CHECK | Africa Bitcoin Corporation Hit With Major Shareholder Dispute Over Board Appointments

Africa Bitcoin Corporation (ABC), the Johannesburg Stock Exchange-listed bitcoin treasury company, has been left with two directors after four board members, including interim chief executive Stafford Masie, resigned amid a dispute with majority shareholders over board appointments. BITCOIN | Altvest, Africa’s First Publicly-Listed Firm to Add Bitcoin to Treasury Reserve, Rebrands to ‘Africa Bitcoin Corporation’ The resignations of chair Norma Sephuma and independent directors Snowy Masakale and GG Alcock followed demands from WGW Capital and other shareholders, who hold approximately 71.8% of the company’s ordinary shares, to remove the four directors.