Aker ASA

Aker ASA (AKER.OL) is a prominent Norwegian public company with deep roots in industrial investments, energy, and technology. Founded in 1841, Aker has evolved into a diversified holding company, managing a portfolio that spans oil and gas, renewable energy, marine biotechnology, and industrial software. With a reputation for forward-thinking strategies and a strong presence in Norway’s business landscape, Aker is recognized for its ability to adapt and invest in transformative technologies.

In 2021, Aker made headlines by embracing Bitcoin as a strategic treasury asset, signaling a bold move into the digital asset space. Through its dedicated subsidiary, Seetee, Aker committed significant capital to Bitcoin, viewing it as both a store of value and a hedge against currency debasement. The company’s investment thesis centers on Bitcoin’s potential to serve as an “economic battery” and a foundational layer for future financial infrastructure. This approach aligns with Aker’s broader vision of supporting innovation and sustainability, leveraging Norway’s abundant renewable energy resources for Bitcoin mining and ecosystem development.

Aker’s entry into Bitcoin has positioned it as a pioneer among European industrial conglomerates. By integrating Bitcoin into its treasury strategy, Aker not only diversifies its balance sheet but also underscores the growing institutional acceptance of digital assets. This move has garnered attention from investors and industry observers, reinforcing Aker’s reputation as a forward-looking leader in both traditional and emerging markets.

Recent Developments

• March 8, 2021: Aker ASA announced the launch of Seetee, a new investment unit dedicated to Bitcoin and blockchain technology. The company made an initial purchase of 1,170 BTC, with a total cost basis of approximately $58,754,406 (NOK 500 million at an exchange rate of 8.51 USD/NOK)
  • Press Release
  • Twitter Announcement
• Seetee’s strategy is to “hodl” its Bitcoin holdings, reflecting a long-term conviction in the asset’s value and potential (seetee.io).
• The company’s initial investment was one of the largest by a European industrial group at the time, highlighting Aker’s commitment to digital assets (coindesk.com; e24.no).
• Since the initial purchase, Aker has maintained its Bitcoin position, with Seetee continuing to explore opportunities in Bitcoin mining and ecosystem investments, leveraging Norway’s renewable energy resources (seetee.io).
• As of April 2025, there have been no public announcements of additional Bitcoin purchases or sales by Aker ASA or Seetee, indicating a steady, long-term approach to its Bitcoin treasury strategy (reuters.com).

Aker ASA’s Bitcoin strategy remains a significant example of institutional adoption in Europe, reflecting both confidence in the asset and a commitment to innovation in financial management.