Aker ASA, a listed Norwegian industrial investment company, said it will invest in bitcoin (BTC) and blockchain ecosystem via its newly established subsidiary Seetee that is initially capitalized with NOK 500m (USD 58m) and "will keep all its liquid investable assets in bitcoin." (Updated at 10:01 UTC: updates throughout the entire text).
Per the company, Seetee will initially focus on:
- investing in and owning bitcoin,
- joining the Bitcoin and broader blockchain community and establishing partnerships with leading players,
- launching Bitcoin mining operations,
- building and investing in innovation projects and companies in the Bitcoin and blockchain
- ecosystem.
Seetee has already partnered with Canada-based major Bitcoin company Blockstream. The collaboration will initially focus on BTC mining operation and sidechain projects.
https://cryptonews.com/exclusives/what-are-sidechains-2658.htm
According to Oyvind Eriksen, President and CEO of Aker ASA, BTC and blockchain "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."
(to be updated)
