Norwegian company Aker ASA sets up unit to invest in Bitcoin

posted over 1 year ago
Billionaire led industrial holding company Norwegian Aker ASA is establishing a new unit dedicated to investing in bitcoin and blockchain technology. Seetee AS would initially have a capital of $58.6 million, and plans to keep its liquid assets in bitcoin, Aker said.

Seetee would collaborate with Canada’s Blockstream, focusing initially on bitcoin mining while also seeking to fuse blockchain technology with Aker’s industrial operations, it said. “These technologies have the potential to reduce frictions in our day to day lives, enhance the security of our digitally driven economies, and unlock new business models for innovation,” Aker ASA Chief Executive Oeyvind Eriksen said.
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