Norwegian listed company Standard Supply invests $4.97 million for the first time to purchase Bitcoin

Norwegian listed company Standard Supply AS (OSE: STSU) has announced that it will rename itself as StandardCoin and has completed its first Bitcoin investment of 50 million Norwegian kroner (approximately 4.97 million US dollars), officially entering the digital asset field. This investment is managed by a top tier regulated custodian institution for asset storage, with the aim of promoting financial innovation. CEO Eldar Paulsrud stated that this investment has been carefully planned, with a focus on safety and risk management. In the future, the company will act as a responsible market participant to promote the development of the digital asset ecosystem. The company may further disclose strategic adjustments and investment plans in the future.