BIGG Digital Assets Treasury reaches 500 Bitcoins
By Edlyn Cardoza
BIGG Digital Assets Inc., the owner of Netcoins, the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group, a leading developer of blockchain technology search, risk-scoring and data analytics solutions, recently announced that its treasury now exceeds 500 Bitcoins, with a market value of CAD ~$36 million as of today.
BIGG has long believed that Bitcoin’s store of value, and appreciation, is an intelligent way to manage their treasury alongside fiat holdings. They intend to continue accumulating Bitcoin over time, as they believe a target price of USD 100k+ per coin is achievable soon given the current lack of supply available in the market, on-chain solid metrics, and increasingly widespread interest in Bitcoin.
BIGG subsidiary Netcoins has also officially launched EOS and ALGO on their desktop trading platform. These coins are in addition to USDC and XLM, which were recently added since Netcoins’ received its Restricted Dealer license in September from the Canadian Securities Administrators (CSA). We expect to continue to add coins with accelerated frequency over the coming weeks.
Mark Binns, BIGG CEO, remarked, “Our Bitcoin treasury continues to grow, as we receive payment for products in Bitcoin and also buy price dips. As previously mentioned, our Bitcoin holdings continue to perform very well, and we expect to see significant upside in the value of Bitcoin over the coming months and quarters. Further, by adding more crypto assets to Netcoins for trading, we open up more revenue streams. We look forward to continuing to broaden our available crypto assets to meet the demands and desires of our customer base.”
Recently, IBS Intelligence reported that BIGG Digital Assets Inc., owner of Blockchain Intelligence Group, a global cryptocurrency compliance and intelligence company, announced that it will be fully integrating Syscoin – a third generation blockchain – into its ecosystem. Syscoin is developed by Blockchain Foundry Inc.
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September 26, 2023
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