BIGG Digital Assets Inc. Treasury Reaches 500 Bitcoins; Netcoins Launches EOS and ALGO coins
VANCOUVER, British Columbia, Nov. 24, 2021 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG'' or the "Company")(CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins
(“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group (blockchaingroup.io) (“BIG”), a leading developer of blockchain technology search, risk-scoring and data analytics solutions, today announces 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 our treasury alongside fiat holdings. We intend to continue to accumulate Bitcoin over time, as we believe a target price of $100k+ USD per coin is achievable soon given the current lack of supply available in the market, strong on-chain metrics, and an 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 both recently added since Netcoins’ receiving 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.”
On behalf of the Board
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG owns two operating companies: Netcoins (netcoins.ca) and Blockchain Intelligence Group (blockchaingroup.io).
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app.