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Norweigan energy tycoon spins up new Bitcoin business

Published 03/09/2021, 02:30 PM
Updated 03/10/2021, 04:20 PM
Norweigan energy tycoon spins up new Bitcoin business
BTC/USD
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Norweigan energy service provider Aker Solutions is spinning up a new business dedicated to Bitcoin (BTC) after its CEO, Kjell Inge Røkke, talked up the importance of the digital asset in a recent shareholder letter.

On Monday, Aker announced that it had established Seetee — a crypto-focused investment company that seeks to tap into the Bitcoin ecosystem. The spin-off company has been allocated $59 million, or 500 million Norwegian kroner, which Aker says will “increase significantly over time as we gain experience and identify exciting opportunities.”

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