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Listed Company Mogo To Buy Up To $1.5M In Bitcoin And Will Invest More In 2021
Summary: Mogo, a Canadian fintech company listed on the TSX and NASDAQ, announced today that it plans to make an initial Bitcoin investment of up to $1.5 million. This initial purchase accounts for approximately 1.5% of total assets as of Q3 2020. The company states it will consider deploying more Bitcoin when monetizing its $17 million ...
Mogo, a Canadian fintech company listed on the TSX and NASDAQ, announced today that it plans to make an initial Bitcoin investment of up to $1.5 million. This initial purchase accounts for approximately 1.5% of total assets as of Q3 2020. The company states it will consider deploying more Bitcoin when monetizing its $17 million investment portfolio in 2021.
Mogo was established in 2003 to provide customers with personal loans, identity fraud protection, mortgages, Visa prepaid cards and other services. The company launched the MogoCrypto App in 2018, which provides Canadian users an easy way to buy and sell Bitcoin 24/7 from their cell phones.
By Mary Liu
Tags: Bitcoin,Mogo,Nasdaq,TSX
Link: Listed Company Mogo To Buy Up To $1.5M In Bitcoin And Will Invest More In 2021 [Copy]
