Norwegian oil billionaire Kjell Inge Rokke, is the latest high worth individual to come out in favour of Cryptocurrency. He has recently set up a new business, Seetee AS, which will be investing into Bitcoin.
With only a small investment of 500 million kroner to start with ($58 million) Seetee will retain all of its assets in crypto and will invest in companies and projects across the whole of the crypto ecosystem.
This information was recently divulged in a newsletter to shareholders. Seetee will focus on four main areas, which include: investing in Bitcoin, joining the Bitcoin community and establishing partnerships, launching Bitcoin verification operations, and investing in projects throughout the cryptocurrency space.
Seetee has already entered into a collaboration agreement with Blockstream, a prominent leader in blockchain and cryptocurrency. Øyvind Eriksen, President and CEO of Aker ASA said of the collaboration:
“With the launch of Seetee, the Aker Group makes another move into software and fintech. We are very excited about the industrial opportunities that will be unlocked by Bitcoin and blockchain technology, and want to contribute forcefully to that effort. These technologies 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. We look forward to addressing these and other applications together with Blockstream and other partners,”
Rokke, the billionaire owner of Aker ASA, the parent company of Seetee, believes that Bitcoin is the best defence against the myriad of problems besieging the financial industry. He stated:
“Bitcoin may still go to zero. But it can also become the core of a new monetary architecture,”
He also remarked:
“People who know the most about Bitcoin believe its future success is nearly inevitable,”
So, yet another company is set to invest into Bitcoin and the Cryptocurrency space. It may come out of the Norwegian oil industry but it will certainly bring a fresh and innovative eye to the world of crypto.
As Bitcoin forges higher a veritable smorgasbord of companies could well be queueing to join the cryptocurrency revolution.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.