Bigg Digital Stock Price, News & Analysis

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.

BIGG Digital Assets Inc. (OTCQX:BBKCF, CSE:BIGG) announced that CEO Mark Binns will present live at VirtualInvestorConferences.com on May 20, 2021, at 1:00 PM ET. This interactive online event allows investors to engage with the company in real-time, with an archived webcast available later for those unable to attend. The company emphasizes a compliant and safe crypto environment through its subsidiaries, Netcoins and Blockchain Intelligence Group. Investor pre-registration is recommended.

BIGG Digital Assets Inc. announced a delay in filing its annual financial statements for the year ended December 31, 2020, now expected by May 28, 2021. The delay is attributed to the extensive audit testing related to the company's significant growth in 2020. No material changes have occurred since the initial delay announcement. The company will continue to comply with alternative information guidelines and provide bi-weekly updates until its filing obligations are met. CEO Mark Binns emphasizes the proactive measures taken to fulfill these obligations.

OTC Markets Group Inc. announced that BIGG Digital Assets Inc. has successfully graduated to the OTCQX Best Market, starting trading today under the symbol BBKCF. This upgrade marks a significant milestone, reflecting BIGG's compliance with high financial standards and best practices in corporate governance. The OTCQX Market is designed for established companies aiming to increase visibility among U.S. investors. BIGG's CEO stated the company anticipates enhanced exposure to potential investors, including U.S. investment funds.

BIGG Digital Assets Inc. has acquired 24.3 additional Bitcoins for CAD $1,000,000, increasing its total Bitcoin treasury to 239.3 BTC, valued at approximately CAD $10.3 million. The purchase will support Netcoins’ operational float amid rising trading volumes. BIGG plans to invest up to CAD $5 million in Bitcoin over the next 5 weeks, emphasizing strong belief in Bitcoin’s future valuation. CEO Mark Binns noted the necessity for a larger float due to significant increases in monthly trading volume.