Tag - Seetee

Seetee invests 50 million euros in BTC

The Norwegian Aker Group is diversified. In addition to its oil and renewable energy business, it is also active in six other areas. Now another one is being added, which is even relatively obvious.

Because Aker ASA announced yesterday that it had founded the subsidiary Seetee. Seetee’s initial focus will be on bitcoin mining, but it also aims to support and expand the entire bitcoin ecosystem. The company calls on its official website to get in touch if you have fresh and big ideas you want to realize.

At the same time, they also announced a partnership with Blockstream and thus indirectly made clear that they see the future in the further development of sidechains and the Lightning Network.

At the start, the company’s assets amounted to 500 million Norwegian kroner, which is equivalent to about 50 million euros, which is invested entirely in Bitcoin and, according to its own statements, wants to keep simple. Seetee is thus becoming a European Bitcoin whale along the lines of MicroStrategy.

Although there has been increased discussion in recent weeks about whether Ethereum might also not see an influx of institutional investors, so far, it looks like other cryptocurrencies are rather secondary in the eyes of this target group. This means that finally, a European company is also betting on BTC after only a comparatively small attempt was launched in Germany by SynBiotic SE so far.