Publicly traded company Standard Supply AS will allocate approximately $4.97 million to purchase Bitcoin and will rebrand as StandardCoin

BlockBeats News, June 20th, Norwegian listed company Standard Supply AS announced its first entry into the digital asset field with an initial investment of 50 million Norwegian Krone (approximately $4.97 million) to purchase Bitcoin, and plans to rebrand as StandardCoin. This investment marks a significant step for the company in the direction of financial innovation.

As part of the transaction, the company has partnered with a top-tier, regulated custody provider to securely store its Bitcoin assets.