Norwegian investment firm allocates $58M to Bitcoin and crypto ventures
Aker ASA has created a new subsidiary firm to hold Bitcoin on its balance sheet and invest in other companies in the crypto space. Aker ASA, a $6 billion Oslo Børs-listed holding company is set 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 also 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....
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The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage by leveraging the custodian Gemini Trust. During the last few years, investors have been able to leverage a digital currency retirement plan in the form of an IRA. For instance, the company Bitcoinira helps people invest in cryptocurrencies like BTC, BCH, ETH, and LTC with the firm’s....
Blockstream has raised $55m in Series A funding to continue its work expanding the bitcoin code base for commercial use. With the news, Blockstream's total funding rises to $76m over two investment rounds. To date, the company's signature technology has been its sidechains offering, currently in testing, which enables the creation of blockchains that can validate data from, and transfer assets to, other blockchains. Blockstream’s round was led by venture capital firms AXA Strategic Ventures, the venture capital arm of French multinational insurance firm AXA Group; Digital Garage, the....
PRESS RELEASE. After announcing two major partnerships with Master Ventures and GD10 Ventures, the famous investment firm DFG now takes its turn in supporting the Ternoa project. Digital Finance Group (DFG) The international investment firm, created in 2015, now manages over $1 billion in assets. Always on the lookout for promising projects, the company was able to detect and invest early on in initiatives such as LedgerX, Brave and Circle. Their influence within the ecosystem is well known. They are among the main contributors in the creation of the stablecoin USDC and part of the select....