BIGG Digital Assets (BIGG) is pleased to announce that it has acquired 60.7 additional Bitcoins.
These 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 C$21.5 million as of 7 pm PST February 21, 2021. BIGG believes strongly in the future of Bitcoin, its store of value capability, and its future valuation potential.
BIGG CEO Mark Binns remarked, “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.”
BIGG owns two operating companies: Netcoins (netcoins.ca) and Blockchain Intelligence Group (blockchaingroup.io).
BIGG Digital Assets is unchanged, trading at C$1.22 per share at 10 am EST.