Aker ASA, a $6-billion Oslo Bors-listed holding company, is set up to begin investing in Bitcoin. According to a press release issued on Monday, Aker has created a new company called Seetee AS whose mission is to invest in Bitcoin (BTC).

The newly formed Seetee will as well delve into the Bitcoin mining arena while looking to forge useful partnerships with major players in the crypto space. Indeed, Seetee has reportedly entered into a collaborative agreement with Blockstream.

According to Blockstream chief strategy officeholder Samson Mow, the Bitcoin infrastructure firm will work closely with Seetee on its BTC mining and sidechain implementation pursuits.

Despite the Norwegian government ending electricity subsidies for BTC miners back in November 2018, Bitcoin mining activity in the country still contributes to a pregnant proportion of the global hash rate distribution.

Outside China, the country ranks eighth in terms of global monthly hash rate, according to data from the Cambridge Bitcoin Electricity Consumption Index. As previously reported by Cointelegraph, Bitfury signed an understanding with a private equity business firm to upgrade the latter's $35-million BTC mining subcontract.

The press statement as well reveals that the new visitor will look to pursue investments into other firms in the crypto and blockchain arena.

Aker volition provide 500 meg Norwegian kroner ($58 meg) in initial capitalization for Seetee, with the new company holding all of its liquid investable assets in BTC. The move marks a pregnant departure from Aker's usual investments in the oil exploring and marine biotech sectors. Tweeting on Friday, Seetee revealed that information technology has already purchased i,170 BTC.

Commenting on the rationale for exploring Bitcoin investments, Aker CEO Øyvind Eriksen remarked:

"With the launch of Seetee, the Aker Group makes another move into software and fintech. We are very excited almost the industrial opportunities that will be unlocked past Bitcoin and blockchain technology, and want to contribute forcefully to that effort."

Aker is the latest in a growing list of companies around the world investing in Bitcoin in contempo months, from business organisation intelligence outfit MicroStrategy to electronic vehicle manufacturer Tesla — and a Canadian eating place has even converted its greenbacks reserves to BTC.