StandardCoin to Invest Heavily in Bitcoin After Share Issue
StandardCoin, previously Standard Supply, is making a significant pivot. The company has concluded a directed share issue, and the funds will be directed towards building Bitcoin reserves. This move marks a bold step into the cryptocurrency market.
Share Issue Details
StandardCoin adjusted the share issue from 35 to 40 million NOK. They allocated 1,481,481 new shares, priced at 27 NOK each. The company plans to invest the net proceeds in Bitcoin reserves.
The issue has two phases. The first phase, worth 25.3 million NOK, was authorized at a general meeting on June 13, 2025. The second, at 14.6 million NOK, awaits approval at an extraordinary general meeting around July 8.
Investors Involved
Investors pre-signed and have been awarded shares. They include:
- SD Standard etc PLC – 277,777 shares
- Songa Capital AS – 277,777 shares
- Apollo asset limited – 185,185 shares
- Titan Venture AS – 185,185 shares
- Alundo Invest AS – 92,592 shares
- Mean-Borg Invest AS – 92,592 shares
Allocation reports will be sent on June 20. The shares in the first step will be negotiable immediately. The company will deliver the shares through a share loan agreement with Arctic Securities and SDSD.
Strategic Shift
The company will not perform a subsequent repair issue. According to the company, the drawing price of 27 NOK provides a significant premium over the closing price of 20.80 NOK on June 19.
Eldar Paulsrud, the CEO, stated the company’s ambition is to become a hub in the Nordic countries for investors interested in Bitcoin. He mentioned the company’s goal to combine active portfolio management with transparency and capital preservation.
Bitcoin currently costs $104,327, with an all-time high of $112,000 on May 22, 2025. Bitcoin’s volatility continues. According to the CoinDesk Bitcoin Price Index, the value of Bitcoin has risen by over 120% in the last year (CoinDesk, 2024).
Looking Ahead
Standard Supply revealed new strategic opportunities in autumn 2024. The company aims to fully become a “Bitcoin Reserve Company,” converting its cash portfolio primarily into Bitcoin.