Norwegian company Standard Supply AS has invested approximately $4.97 million in Bitcoin, marking its first foray into digital assets. The company, listed on the Oslo Stock Exchange, will rebrand as StandardCoin to reflect its new strategic direction. The investment, equivalent to 50 million Norwegian kroner, is managed by a top regulated custodian, emphasizing security and risk management. CEO Eldar Paulsrud highlighted the company's commitment to financial innovation and its role as a responsible participant in the digital asset ecosystem. Further strategic adjustments and investment plans may be disclosed in the future.