- BIGG Digital Assets’ (BIGG) treasury has reached 450 Bitcoins while Netcoins’ assets under custody have exceeded C$85 million
- The treasury’s market value was approximately C$35 million as of October 19, 2021
- Netcoins’ assets have almost doubled from C$45 million in March 2021
- The company intends to continue accumulating Bitcoins with a bullish view on a target price of US$100,000 per coin
- BIGG Digital Assets invests in crypto as a safe, compliant and regulated environment
- BIGG Stock (CSE:BIGG) is up by 10.26 per cent and is currently trading at $1.29 per share
BIGG Digital Assets’ (BIGG) treasury has reached 450 Bitcoins while Netcoins’ assets under custody have exceeded C$85 million.
The treasury’s market value was approximately C$35 million as of October 19, 2021.
The company continues to believe that Bitcoin’s appreciation and store of value is an intelligent way to manage its treasury alongside fiat holdings. It intends to accumulate more Bitcoins over time with a bullish view on a target price of US$100,000 per coin given the current lack of supply, strong on-chain metrics and an increasingly widespread interest in the cryptocurrency.
BIGG subsidiary Netcoins is reporting that customer deposits of crypto and fiat now exceed C$85 million, up from C$45 million in March 2021.
Mark Binns, BIGG’s CEO, remarked,
“As we continue to build our core businesses, Blockchain Intelligence Group and Netcoins, we are pleased to also manage our treasury with a mix of Bitcoins and fiat. 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.
We are also equally pleased to see the growth in assets under custody at Netcoins, demonstrating that our customers are putting more of their hard-earned money to work trading crypto at Netcoins than ever before.”
BIGG Digital Assets invests in crypto as a safe, compliant and regulated environment.
