In an announcement on Monday, the holding company focused on energy, construction and fishing stated that its new entity, Seetee AS, will keep all its liquid investable assets in bitcoin and will also enter the bitcoin mining industry.
Norwegian billionaire Kjell Inge Roekke, chairman and majority owner of Aker, said in a letter to shareholders:
“First, we will use bitcoin as our treasury asset and join the community. In Bitcoin speak, we will be hodlers.”
According to Coindesk, Seetee is launching with 500 million Norwegian Krone in capital.
The new company has already partnered with Canada’s Blockstream for work on bitcoin mining and sidechain projects.
“Bitcoin may still go to zero. But it can also become the core of a new monetary architecture. If so, one bitcoin may be worth millions of dollars.”