BIGG Digital Assets Inc. Purchases Additional 60.7 Bitcoins for Netcoins Operational Float; Total Bitcoin Treasury Reaches 300 BTC
BIGG Digital Assets Inc., owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group (“BIG”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that it has acquired 60.7 additional Bitcoins which will be used for the Netcoins operational float, and also become part of BIGG’s long term treasury holdings. BIGG purchased these 60.7 Bitcoins at an average cost of USD$44,970 per BTC.
This purchase, added to BIGG’s existing Bitcoin holdings, brings the treasury to 300 Bitcoin, valued at CAD ~$21.5 million (USD ~$17.1 million) as of 7pm PST February 21, 2021. BIGG believes strongly in the future of Bitcoin, its store of value capability, and its future valuation potential.
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BIGG CEO, Mark Binns, remarks, “As previously committed, BIGG has continued to accumulate Bitcoin in order to provide an operational float for Netcoins which continues to experience significant monthly increases in trading volume. We will also put BIGG’s operational profits into Bitcoin on a monthly basis going forward, as per plan. We look forward to updating shareholders with more operational updates soon.”
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