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Billionaire Kjell Inge Rokke’s company, Aker, has established a new business dedicated to bitcoin. Rokke believes that bitcoin could “become the core of a new monetary architecture†and each coin could be “worth millions of dollars.†His new company “will keep all its liquid investable assets in bitcoin.â€

Norwegian Public Company Gets Into Bitcoin

Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it has established a new business, Seetee AS, to tap into the potential of the cryptocurrency.

Listed on the Oslo Stock Exchange, Aker is a Norwegian holding company engaged in offshore fishing, construction, and engineering. Established in 2004, the company is controlled by Rokke with 67% ownership through TRG Holding.

In its announcement, Aker described Seetee as “a new company dedicated to investing in projects and companies throughout the bitcoin ecosystem and which will keep all its liquid investable assets in bitcoin.†Seetee is starting with 500 million kroner ($59 million) in capital, which Rokke called “an amount we aim to increase significantly over time.â€

Following the announcement, Rokke expressed his view on bitcoin and the new enterprise launch in a shareholder letter published on Seetee’s website. The billionaire wrote:

Initially, Seetee will focus on four areas. The first is “investing in and owning bitcoin.†The second is “joining the bitcoin and broader blockchain community and establishing partnerships with leading players.†The third is “launching bitcoin verification operations,†and the fourth is “building and investing in innovation projects and companies in the bitcoin and blockchain ecosystem.â€

Seetee will actively partner with other companies in order to accelerate its initiatives, the announcement adds, noting that the company has “entered into a collaboration agreement with Blockstream,†which “will initially focus on mining operations.â€

Rokke further opined:

He added: “The direction is clear: finance will be disrupted as surely as fossil fuels will be. The question is not if, but when.â€

What do you think of Rokke’s bitcoin strategy? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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