Latest news for Aker (OTC:AKAAF) Stock

Aker ASA is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The portfolio has focused on companies in oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors. Investments are broken down into two portfolios; Industrial holdings are strategic assets and are managed with a long-term perspective. It comprises Aker's ownership interests in Aker BP, Aker Energy, Aker Solutions, Aker Horizons, Aker BioMarine, SalMar Aker Ocean, Cognite, and Aize, and Financial investments comprise cash, other assets, and the listed companies Akastor, AMSC, Philly Shipyard, and Solstad Offshore, in addition to ICP and Aker Property Group.

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As Bitcoin (CRYPTO: BTC) becomes an increasingly popular investment option, many public companies are following suit and investing in the apex cryptocurrency.

10 Public Companies With Largest Bitcoin Holdings In 2023

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What Happened: Advanced Micro Devices, Inc. (NASDAQ: AMD) may be looking to release its own cryptocurrency mining-specific GPUs, according to reports.

AMD May Repurpose Its Apple-Exclusive GPUs For Cryptocurrency Mining: Reports

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Stocks That Hit 52-Week Highs On Thursday

Aker ASA

Aker ASA (AKAAF) has released an update. Aker ASA has announced a new bond interest rate of 6.6% for the period from May 22, 2024, to August 22, 20...

Aker ASA Sets New Bond Interest Rate

Aker ASA (AKAAF) has released an update. Kistefos is pursuing legal action against Solstad Offshore ASA's board, CEO, and Aker Capital AS, seeking ...

Kistefos Sues Solstad Offshore and Aker Capital

Aker ASA (AKAAF) has released an update. Aker Capital AS has fulfilled its underwriting commitment by subscribing to 5,095,519 shares in Solstad Ma...

Aker Capital Boosts Stake in Solstad Maritime

Aker ASA (AKAAF) has released an update. Aker ASA has announced the approval of its base prospectus by the Norwegian Financial Supervisory Authorit...

Aker ASA Bonds Approved for Oslo Børs Listing

Aker ASA (AKAAF) has released an update. Aker ASA has set a new interest rate of 7.48% for the interest period running from June 27 to September 27...

Aker ASA Announces New Bond Interest Rate

IEO: Oil Prices Should Be Robust

Aker ASA (AKAAF) has released an update. Aker ASA is set to release its financial results for Q2 and the first half of 2024 on July 17, with a webc...

Aker ASA Announces Upcoming Q2 2024 Results Webcast

Aker ASA (AKAAF) has released an update. Aker BioMarine ASA is restructuring its business by selling its Feed Ingredients division to a newly forme...

Aker BioMarine Streamlines with Strategic Sale

Aker ASA (AKAAF) has released an update. Aker ASA reported a Net Asset Value of NOK 63.9 billion at the end of Q2 2024, an increase from NOK 60.4 b...

Aker ASA Reports Growth and Strategic Partnerships in Q2

Aker ASA 2024 Q2 - Results - Earnings Call Presentation

Aker

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) becomes an increasingly popular investment option, many public companies are following suit and investing in the apex cryptocurrency. In 2023, this trend continues&nbsp;to grow, with more and more companies holding Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31207597/tesla-accepting-bitcoin-inspired-this-major-company-to-move-into-web3">on their balance sheets.</a>

Using data from CoinGecko, we have compiled a list of the top 10 public companies with the largest Bitcoin holdings. From well-known household names to lesser-known players, let&#39;s take a closer look at who&#39;s leading the way <a href="https://www.benzinga.com/markets/cryptocurrency/23/02/31062490/bitcoin-beasted-in-january-now-analyst-says-ethereum-is-set-to-lead-crypto-market-in-march">into the crypto space.</a>

1. MicroStrategy Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)

<a href="https://www.benzinga.com/quote/MSTR">MicroStrategy&nbsp;</a>is currently at the top of the list with a whopping 129,699 BTC in their portfolio. The company&#39;s CEO, Michael Saylor, has been a vocal advocate of Bitcoin, even going as far as to convert the majority of MicroStrategy&#39;s treasury into cryptocurrency. While the entry value of the company&#39;s investment was $3.975 billion, the current value of their holdings is $2.905 billion, representing a significant loss in value. However, Saylor remains bullish on Bitcoin&#39;s long-term prospects and is confident that the investment will pay off in the future.

2. Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)

<a href="https://www.benzinga.com/quote/MARA">Marathon&nbsp;</a>is a crypto mining company, that currently holds 10,054 BTC, with an entry value of $150 million and a current value of $225 million.&nbsp;

3. Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)

As one of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/03/31209918/cathie-wood-keeps-hoarding-this-crypto-linked-stock-is-it-a-buy-at-current-levels">largest crypto&nbsp;exchanges</a> in the world, Coinbase is no stranger to the world of <a href="https://www.benzinga.com/quote/BTC-USD">Bitcoin</a>. The company currently holds 9,000 BTC, with an entry value of $173.7 million and a current value of $201.6 million.

4. Square Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NASDAQ">SQ</a>)

The financial services and mobile payment company currently holds 8,027 BTC, with an entry value of $220 million and a current value of $179.8 million. Like Coinbase, Square&#39;s investment in <a href="https://www.benzinga.com/quote/BTC-USD">Bitcoin </a>is relatively small compared to other companies on this list, but it is clear that the company sees potential in the crypto market.

5. Hut 8 Mining Corp (TSX:<a class="ticker" href="https://www.benzinga.com/stock/HUT#TSX">HUT</a>)

Hut 8&nbsp;is another crypto mining company that has diversified its portfolio by investing in Bitcoin. The company currently holds 7,078 BTC, with a current value of $158.5 million.&nbsp;

6. Hive Blockchain (CVE:HIVE)

Hive Blockchain is a cryptoc mining company that operates in Canada and Sweden. The company currently holds 3,091 BTC, with a current value of $69.2 million.&nbsp;

7. NEXON Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NEXOF#OTC">NEXOF</a>)

NEXON&nbsp;is a Japanese video game company that has been in operation since 1994. The company holds 1,717 BTC worth $38,458,825 at current market prices. NEXON&#39;s investment in Bitcoin is part of its diversification strategy, which also includes investments in other non-gaming industries. The company has a strong financial position, with a market capitalization of over $20 billion.

8. Voyager Digital LTD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VYGVQ#OTC">VYGVQ</a>)

<a href="https://www.benzinga.com/topic/voyager">Voyager&nbsp;</a>is a Canadian crypto broker that filed for Chapter 11 bankruptcy. As of March 2023, the company holds 1,239 BTC worth $27,752,175 at current market prices.&nbsp;<a href="https://www.benzinga.com/topic/binance">Binance </a>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>)&nbsp;CEO&nbsp;Changpeng Zhao&nbsp;has <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31196666/binance-ceo-changpeng-zhao-affirms-support-for-voyager-deal-amid-sec-scrutiny">reiterated the company&#39;s support </a>for the&nbsp;Voyager&nbsp;deal to be acquired by Binance US, despite objections raised by the U.S.&nbsp;Securities and Exchange Commission&nbsp;(SEC).

9. Aker ASA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AKAAF#OTC">AKAAF</a>)

Aker ASA is a Norwegian industrial investment company that has been in operation since 1841. The company holds 1,170 BTC worth $26,206,654 at current market prices through its subsidiary. The company&#39;s Chairman, Kjell Inge R&oslash;kke, has been a vocal supporter of Bitcoin, and has stated that he believes it can help accelerate the transition to a more sustainable future.

10. Meitu (HKG:1357)

Meitu is a Chinese technology company that develops image and video processing software for mobile devices. As of March 2023, the company holds 940 BTC worth $21,074,406 at current market prices.&nbsp;

Public companies are increasingly recognizing the value of investing in Bitcoin, and savvy investors can get in on the action without leaving the stock market. Indirect exposure to crypto can be gained by investing in any of the companies mentioned above.

These top 10 players have demonstrated a willingness to take risks and explore investment opportunities in the fast-evolving world of cryptocurrency. As Bitcoin solidifies its position as a mature asset, it remains to be seen how these companies will adapt and evolve <a href="https://www.benzinga.com/markets/cryptocurrency/23/02/31073122/imf-gets-stiff-resistance-from-industry-stalwarts-over-views-on-cryptocurrencies">their investment strategies.</a>

Now Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31211496/bitcoin-bull-mark-yusko-asks-why-dogecoin-exists-my-mind-hurts">Bitcoin Bull Mark Yusko Asks Why Dogecoin Exists: &#39;My Mind Hurts&#39;</a>

Disclosure: Benzinga CEO Jason Raznick is a member of the unsecured creditor committee in the Voyager Digital bankruptcy case.

What Happened:&nbsp;Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="/stock/AMD#NASDAQ">AMD</a>) may be looking to release its own cryptocurrency mining-specific GPUs, according to<a href="https://www.phoronix.com/scan.php?page=news_item&amp;px=AMDGPU-Fixes-Linux-5.12-rc2" target="_blank">&nbsp;reports</a>.

AMD&rsquo;s GPUs were originally manufactured<a href="https://www.amd.com/en/graphics/radeon-apple-5000m-series" target="_blank">&nbsp;exclusively</a>&nbsp;for Apple Inc (NASDAQ:<a class="ticker" href="/stock/AAPL#NASDAQ">AAPL</a>), but a recent announcement from the company communicating a &ldquo;set of fixes&rdquo; to the AMDGPU kernel driver suggests that the graphics card will be repurposed for cryptocurrency mining.

Specifically, the GPU no longer supports Video Core Next (VCN) which renders it effectively useless for gamers but an ideal option for cryptocurrency miners.

AMD&rsquo;s move comes after NVIDIA Corporation (NASDAQ:<a class="ticker" href="/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;<a href="https://www.phoronix.com/scan.php?page=news_item&amp;px=NVIDIA-Launches-CMP" target="_blank">announced</a>&nbsp;their CMP cards, exclusively meant for cryptocurrency mining.

The NVIDIA CMP cards are Cryptocurrency Mining Processor cards that will be a line of hardware focused on professional mining, with an emphasis on Ethereum.

Why It Matters:&nbsp;Bitcoin and Ethereum mining is a massive industry, with miners on both the blockchains each recording daily revenues of over $50 million a day.

Mining companies like Marathon Digital Holdings Inc (NASDAQ:<a class="ticker" href="/stock/MARA#NASDAQ">MARA</a>) and Riot Blockchain Inc (NASDAQ:<a class="ticker" href="/stock/RIOT#NASDAQ">RIOT</a>) have seen their share price rally by over 1000% in the past six months that followed the surge in cryptocurrency prices.

The attractive fees to be earned in cryptocurrency mining operations have made the business a lucrative investment for many companies that have been focused on moving into the space.

On March 8, Norway-based oil and gas giant Aker (OTC:<a class="ticker" href="/stock/AKAAF#OTC">AKAAF</a>)&nbsp;<a href="https://www.reuters.com/article/aker-bitcoin-idUSL1N2L60AL" target="_blank">announced</a>&nbsp;it would set up its own Bitcoin mining unit.

The company would set up a unit called Seetee for its mining operations and will reportedly place all of Seetee&rsquo;s liquid assets in Bitcoin.

In a letter to the company&rsquo;s shareholders, Aker CEO Oeyvind Eriksen stated, &ldquo;To get long-term ex&shy;po&shy;sure to bit&shy;coin, the abil&shy;i&shy;ty to in&shy;crease that with min&shy;ing, and the chance to cre&shy;ate new com&shy;pa&shy;nies with some of the bright&shy;est minds in the world, is a once in a life&shy;time op&shy;por&shy;tu&shy;ni&shy;ty. It would be in&shy;sane not to do it.&rdquo;

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