UPDATE 1-Norway's Aker ASA sets up bitcoin unit
By Reuters Staff (Adds quote, background) OSLO, March 8 (Reuters) - Norway’s Aker ASA is establishing a new unit dedicated to investing in bitcoin and blockchain technology, the industrial holding company said on Monday. Seetee AS would initially have a capital of 500 million Norwegian crowns ($58.6 million) and planned to keep its liquid assets in bitcoin, Aker said. Seetee would collaborate with Canada’s Blockstream, focusing initially on bitcoin mining while also seeking to fuse blockchain technology with Aker’s industrial operations, it said. “These technologies have the potential...
Source: reuters.com