The listed company Standard Supply AS will be renamed StandardCoin and will invest approximately 4.97 million dollars to purchase Bitcoin

ChainCatcher news, Norwegian listed company Standard Supply AS announced its first entry into the digital asset space, with an initial investment of 50 million Norwegian kroner (approximately 4.97 million USD) to purchase Bitcoin, and plans to rename itself to StandardCoin. This investment marks an important step for the company in the direction of financial innovation.

As part of the transaction, the company has reached a cooperation agreement with top, regulated custodians to securely store its Bitcoin assets.