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home / news releases / MOGO - Mogo rallies 23% on corporate investment in Bitcoin

MOGO - Mogo rallies 23% on corporate investment in Bitcoin

Mogo Finance Technology Inc.
Mogo (MOGO) +22.7% PM, plans to make an initial corporate investment of up to $1.5M in bitcoin and considers additional investments in 2021 as it monetizes its $17M investment portfolio.Initial purchase would represent ~1.5% of Mogo's total assets as of the end of Q3.In 2020, bitcoin has increased more than 200% led by rising mainstream acceptance and growing endorsement from institutional investors and leading global fintech companies.Mogo reported a 135% M/M increase in the dollar value of bitcoin traded on the Mogo platform from October to November 2020.Rothko Research wrote on Seeking Alpha, The Unstoppable Force Of Bitcoin.

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Mogo rallies 23% on corporate investment in Bitcoin
Stock Information
Company Name: Mogo Finance Technology Inc.
Stock Symbol: MOGO
Market: NASDAQ
Website: mogo.ca
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