Breaking: Norwegian Giant Aker ASA Floats New Firm to Invest in Bitcoin; Buys 1,170 Bitcoin Worth $58 Million

Prashant Jha Bitcoin News published March 8, 2021 | modified March 8, 2021

Breaking: Norwegian Giant Aker ASA Floats New Firm to Invest in Bitcoin; Buys 1,170 Bitcoin Worth $58 Million

Norwegian oil and energy gains Aker ASA has official announced that it is floating a new firm Seetee AS  to dedicatedly focus on investing in the Bitcoin ecosystem and the overall blockchain market. As per the announcement, Seetee AS will start with an initial capital of 500 million kroner  i.e. $58 million. Aker said that it plans to keep all its liquid investable assets in cryptocurrency.

After Meitu, Aker Confirms Large Bitcoin Investment this Week

Aker is the second firm to commit such a huge capital to Bitcoin (BTC) in the last two days. On Sunday, March 7, China’s software app development company Meitu pledged $40 million investment. This made Meitu the first public listed Chinese company to official declared its Bitcoin exposure.

It looks that the corporate domino effect for Bitcoin investments has finally started to kick-in. Through Seetee, Aker AS will primarily focus on investing and owning Bitcoin (BTC); joining the broader Bitcoin and blockchain community and forming some key industry partnerships; as well as investing in other innovation-driven projects within the Bitcoin (BTC) ecosystem.

Øyvind Eriksen, President and CEO of Aker ASA said:

“With the launch of Seetee, the Aker Group makes another move into software and fintech. We are very excited about the industrial opportunities that will be unlocked by Bitcoin and blockchain technology, and want to contribute forcefully to that effort.

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. We look forward to addressing these and other applications together with Blockstream and other partners”.

Joining Hands With Blocksteam for Disruptive Financial Evolution

As part of the new initiative, Seetee has already collaborated with one of the world’s leading companies in Bitcoin (BTC) and blockchain technology, Blockstream.

Blockstream helps industry players through its Bitcoin-based legacy solutions. It also helps companies to get access to secure and robust solutions through interoperable sidechains that support new applications.

Speaking to Bloomberg, the Norwegian oil billionaire Kjell Inge Rokke said:

Bitcoin may still go to zero. But it can also become the core of a new monetary architecture”. He further goes to add that Bitcoin could one day be worth millions of dollars. People who know the most about Bitcoin believe its future success is nearly inevitable. The direction is clear: finance will be disrupted as surely as fossil fuels will be. The question is not if, but when,” he adds.

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Prashant Jha 451 Articles
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
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