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The listed company Standard Supply AS will be renamed StandardCoin and will invest approximately 4.97 million USD to purchase Bitcoin.
ChainCatcher news, Norwegian listed company Standard Supply AS announced its initial entry into the digital asset field, with an initial investment amount of 50 million Norwegian kroner (approximately 4.97 million USD) used 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 trading process, the company has reached cooperation agreements with top, regulated custodians to securely store its Bitcoin assets.