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In context: Chris Seedor didn't set out to build a company focused on bitcoin security. In fact, when he first got his hands on the cryptocurrency, he saw little reason to use it. Now, he's trying to solve one of its biggest challenges: how to securely store bitcoin for people who choose to hold it themselves.

His journey began in 2011, when a friend handed him what would later turn out to be a small fortune in digital assets. At the time, Seedor was a mechanical engineering student at a university in Germany and saw little use for bitcoin.

"He gave me tons and tons of free Bitcoin," Seedor says. "I didn't see any use for it because I live in Germany and PayPal is a thing and I didn't have a drug habit or something."