The Norwegian oil and gas company Aker comes into effect bitcoin (BTC) and investing the blockchain market. It set up a special investment company called Seetee AG for this purpose. The company will hold all of its money in bitcoin and use it to invest in various projects. This is evident from one published today press release.
The press release states that Seetee’s strategy consists of three parts. For example, it will invest in bitcoin and hold the cryptocurrency, invest in blockchain projects and also a mining set up operation. For this, it has partnered with Blockstream, a developer in the field of blockchain and Bitcoin. Aker’s president and CEO writes in the press release:
“With the launch of Seetee, the Aker Group is taking another step towards software and fintech. We are very excited about the industrial opportunities unlocked by Bitcoin and blockchain technology and want to contribute strongly to that effort. These technologies have the potential to reduce frictions in our daily lives, increase the security of our digitally powered economies and unlock new business models for innovation. ”
Seetee is currently holding Norwegian kroner 500 million in bitcoin, which is approximately € 50 million. However, the company plans to further increase its bitcoin holdings once it gains more experience investing in the sector. It is not entirely clear whether Seetee will also invest in other cryptocurrencies. The website states that Seetee “invests in promising projects and companies within the Bitcoin ecosystem.”
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