MOGO - Mogo stocks jumps due to exposure in bitcoin
Mogo (MOGO) shares trade high after Thomas Lee of Funstrat tweeted about a few public companies to get exposure to Bitcoin and digital assets.The companies included Silvergate Capital, Mogo, MicroStrategy, PayPal, Square, Galaxy Digital, and Tesla.The company announced in late December that it would invest $1.5M in bitcoin and possibly more in 2021, representing 1.5% of the company's assets at the end of Q3.In early February, the company announced it saw a 323% increase in bitcoin transaction volume.Bullish indicators by SA Contributor, 'Mogo: Big Things Are Happening'Previously: Mogo reports 141% growth in January new bitcoin account additions (Feb. 1)
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Mogo stocks jumps due to exposure in bitcoin