Bigg Digital Stock Price, News & Analysis

BIGG Digital Assets Inc. (TSXV: BIGG) celebrated its new listing on the TSX Venture Exchange by opening the market on September 17, 2024. Led by Interim CEO Dan Reitzik, the company is positioned as a leading innovator in the digital assets space. BIGG operates through three main business segments:

1. Big data/blockchain technology development
2. Digital currency brokerage
3. Immersive metaverse experiences

The company aims to meet current customer needs while anticipating future demands in the evolving digital assets industry. This market opening event marks a significant milestone for BIGG Digital Assets as it expands its presence in the public markets.

LUXXFOLIO Holdings Inc. (CSE: LUXX, OTCQB: LUXFF) announced a strategic investment of CAD $2 million from BIGG Digital Assets Inc. (CSE: BIGG, OTCQX: BBKCF). This investment includes 12.5 million common shares and 12.5 million warrants, giving BIGG approximately 15% ownership in LUXXFOLIO. The funds will facilitate LUXXFOLIO's growth in Bitcoin mining and decentralized data storage. BIGG will have the right to appoint one member to LUXXFOLIO's board as long as their equity interest remains above 10%. The warrant exercise is pegged to market performance with potential acceleration clauses.

BIGG Digital Assets Inc. (OTCQX: BBKCF) announced that its subsidiary, Netcoins, has achieved registration as a restricted dealer in multiple Canadian provinces. This designation positions Netcoins as one of the first registered crypto trading platforms in Canada, marking a significant milestone for the company and the cryptocurrency industry. The regulatory approval enables Netcoins to expand advertising efforts, improve its product offerings, and grow its customer base through enhanced marketing strategies. The company anticipates further developments in Q4 2021, including expansions and new product launches.

Netcoins.ca, a subsidiary of BIGG Digital Assets (OTCQX:BBKCF), has publicly disagreed with the World Bank regarding El Salvador's decision to adopt Bitcoin as legal tender. The World Bank criticized the move due to environmental concerns and lack of transparency. Netcoins.ca argues that legal Bitcoin adoption could enhance economic stability, benefitting the 70% of El Salvador's unbanked population by facilitating remittances with lower fees. President Mitchell Demeter emphasized that the World Bank's opposition stems from a desire to maintain control rather than support economic growth.

Netcoins.ca, a subsidiary of BIGG Digital Assets (OTCQX:BBKCF), responded to Bank of England Governor Andrew Bailey's remarks downplaying Bitcoin's value. Bailey cautioned investors to only buy crypto if they are prepared to lose their money. In contrast, Netcoins views Bitcoin as a viable financial asset, particularly amid rising inflation. The company highlights its educational initiatives and regulatory compliance as efforts to improve transparency in crypto investments. Netcoins emphasizes that institutional interest in Bitcoin is growing, indicating its increasing importance in the financial system.