Seetee Letter Is Year’s Most Bullish

Yesterday, I had a strong feeling that a new institution was going to announce that it is adopting bitcoin as its treasury reserve asset today and early this morning, my prediction came true.

This morning, a subsidiary of Norwegian holding company Aker, Seetee, announced that it had accumulated 1,170 BTC and that it will be investing in Bitcoin-focused companies. One can assume that those bitcoin are now tucked away in deep cold storage as it plans to HODL for the future. At the end of its tweet thread announcement, Seetee linked to a shareholder letter written by its billionaire founder Kjell Inge Røkke, explaining why it has decided to adopt a Bitcoin standard. And, oh boy, is it bullish.

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