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Norwegian listed company Standard Supply rebranded and transformed, completing its first investment of nearly 5 million USD in BTC.
[Chain News] PANews reported on June 20 that Norwegian listed company Standard Supply AS (OSE: STSU) announced that it will be renamed StandardCoin and has completed its first investment of 50 million Norwegian kroner (approximately 4.97 million USD) in Bitcoin, officially entering the digital asset field. This investment is managed by a regulated top custodian institution responsible for asset storage, aimed at promoting financial innovation. CEO Eldar Paulsrud stated that this investment has been carefully planned, focusing on safety and Risk Management, and 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.