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BIGG Digital Assets Provides Corporate Update Highlighting Material CRA Reassessment, Netcoins Milestones, and Strategic Progress
Globenewswire· 2025-12-17 11:00
Core Insights - BIGG Digital Assets Inc. provides a corporate update highlighting regulatory, operational, and strategic milestones across its organization [1] Regulatory Update - The Company has received a notice of reassessment from the Canada Revenue Agency (CRA) that reduces the GST/HST assessed on Netcoins' 2018 cryptocurrency transactions by $3,864,681, which is a 64% reduction from the original amount of $6,071,388 [4] - The revised GST/HST principal now stands at $2,206,707, and the total amount owing, including interest and penalties, is now $3,228,842, down from $8,871,854, marking a decrease of $5,643,012 [5] - This reassessment significantly reduces a contingent liability and improves the Company's financial position as it advances its 2026 Canadian Investment Regulatory Organization (CIRO) membership application [5] Operational Milestones - Netcoins has surpassed $1.0 billion in cumulative transaction volume in 2025, exceeding the full-year 2024 volume of $785 million, indicating continued user growth and increased engagement [15] - Netcoins has joined the BitGo Go Network, which enables free, instant settlement of USD and digital currencies, enhancing its institutional settlement capabilities [12] - The Company has launched a dedicated in-app crypto lending page, providing users access to APX Lending's BTC and ETH loan platform, with full platform integration expected in the first half of 2026 [14] Strategic Developments - Blockchain Intelligence Group continues to provide blockchain analytics and forensic investigation solutions to government agencies and enterprises, focusing on compliance and transparency in the digital asset ecosystem [17] - TerraZero Technologies has enhanced its Intraverse technology stack, reduced operating expenses, and is prioritizing high-impact partnerships to drive commercial contracts and real-world deployments [18][20] - The Company is advancing a licensing strategy for its technology stack to unlock additional monetization pathways, positioning itself for broader revenue streams heading into 2026 [20]
Netcoins Canada Provides Q3 2025 Financial Guidance
Globenewswire· 2025-11-10 11:00
VANCOUVER, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W), a leading innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, is pleased to announce Q3 2025 Financial Guidance Netcoins Trading and Staking Revenue is expected to be $2.5 million for the quarterNetcoins YTD Trading Volume has been over $917 million, with over $260 million during Q3 2025Net Income was ...