- BIGG Digital Asset Inc. purchased additional 60.7 Bitcoins recently.
- The Bitcoin cost $44,970 each.
- According to the company, they will use the purchased Bitcoins specifically for their Netcoins operations.
Canada-based blockchain intelligence group BIGG Digital Assets Inc. just bought an extra 60.7 Bitcoins. The Bitcoin cost $44,970 each.
Based on a press release, the brand will use the Bitcoins primarily for its Netcoins operations. Consequently, the 60.7 BTC has pushed the company’s overall Bitcoin ownership to 300.
— B Trader (@GamblerBraidy) February 22, 2021
Meanwhile, this is not the first time the company has bought BTC. Last year, the firm made a separate purchase of 40 and 24.3 BTC. BIGG believes in the potential of blockchain and cryptocurrency.
Based on this, BIGG aims to provide an intuitive crypto-related service within the digital asset space. Looking at the brands’s interest in BTC, it is likely that BIGG will do more this year when it comes to Bitcoin.
In support of the BTC purchase, BIGG Digital Asset Inc. CEO Mark Binns said,
As previously committed, BIGG has continued to accumulate Bitcoin in order to provide an additional float for Netcoins which continues to experience a significant monthly increase in trading volume.
Additionally, business intelligence company MicroStrategy recently launched its debt offering. Moreover, from this debt offering, the company raised about $1.03 billion in interests. As per the plan, they will use the said proceeds to buy over $2,000 BTC per second.