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Mogo Expands Crypto Portfolio with Corporate Investment in Ethereum Alongside its Existing Investment in Bitcoin
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced that it has purchased approximately 146 Ether (ETH) at an average price US$2,780. Ethereum is an open-source, block-chain based, decentralized software platform that uses its own cryptocurrency, Ether. Mogo’s Ethereum investment is consistent with management’s plans to increase the Company’s on balance sheet investment in the blockchain and fintech ecosystem, particularly as it monetizes its portfolio of equity investments which had a value of approximately $18.4 million as ... (full story)