BIGG Digital Assets Provides Corporate Update Highlighting Material CRA Reassessment, Netcoins Milestones, and Strategic Progress
Executive Summary
- CRA reduced Netcoins’ 2018 GST/HST assessment by ~64% ($3.86 M), cutting the total liability (including interest/penalties) by $5.64 M and strengthening BIGG’s balance sheet.
- Netcoins achieved a cumulative transaction volume milestone of $1.0 billion in 2025, up from $785 million in 2024, indicating strong user growth and institutional activity.
- Strategic operational enhancements announced: Netcoins joined the BitGo Go Network for instant settlement; launched an in‑app crypto lending page with APX Lending; and outlined continued product development across BIGG’s portfolio companies.
Key Details
- Tax Reassessment
- Original GST/HST assessment (2018): $6,071,388 principal + $2,286,731 interest/penalties = $8,358,119.
- CRA reassessment reduction: $3,864,681 (≈64% decrease), new principal $2,206,707.
- Total amount now owing (principal + interest + penalties): $3,228,842, down from $8,871,854 – a $5,643,012 reduction.
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Company will continue to pursue further reductions on interest and penalties with CRA’s Appeals Division.
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Netcoins Transaction Volume
- Cumulative 2025 volume: $1.0 billion (exceeds 2024’s $785 million).
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Milestone reflects increased retail and institutional usage, supporting growth objectives and CIRO membership application for 2026.
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BitGo Go Network Integration
- Netcoins now part of BitGo Go Network, enabling free, instant settlement of USD and digital currencies from insured cold storage.
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Enhances service to Digital Asset Treasury (DAT) organizations and larger institutional partners.
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Crypto Lending Feature Launch
- In‑app crypto lending page added, offering BTC and ETH loans via APX Lending.
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Includes real‑time loan calculator and educational landing page; full platform integration targeted for H1 2026.
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BIGG Interview Series
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Reached an estimated 100,000+ audience across executive leadership networks and partner channels.
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Blockchain Intelligence Group Update
- Ongoing delivery of blockchain analytics, forensic investigations, AML compliance tools to global government agencies, exchanges, and enterprises.
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Focus on scaling offerings and expanding ecosystem compliance solutions.
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TerraZero Technologies Updates
- Launched new Intraverse features; reduced operating expenses after Unity‑based platform build.
- Expanding partner network; rolling out Render Streaming services via AWS for browser‑based delivery.
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Advancing licensing strategy to unlock additional monetization pathways and drive commercial contracts into 2026.
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Forward‑Looking Statements
- Company acknowledges risks related to cryptocurrency price volatility, regulatory environment, technology development, and competitive landscape.
Notable Quotes
“Integrating with the Go Network reinforces our commitment to building one of the most trusted and technologically advanced trading environments in Canada,” – Fraser Matthews, President, Netcoins.
All non‑material boilerplate, safe‑harbor language, and generic forward‑looking disclosures have been omitted for clarity.