Mogo Rockets into Bitcoin Orbit with $5M Investment for the Future Mogo, the Canadian fintech powerhouse, is making waves again. This time, it's
BTC that has caught their eye. With a bold move approved by their board of directors, Mogo is
investing up to $5 million in the most famous cryptocurrency and its ETFs.
But that's not all. Mogo's financial report for Q3 2023 reveals a robust
$43.7 million in cash and investments. And let's not forget their stake in Wonderfi Technologies Inc., a key player in Canada's crypto investment scene.
Mogo isn't new to the crypto game either. They dipped their toes into the Bitcoin pool back in
December 2020, allocating 1.5% of their reserves to the digital gold. Then came Ethereum in
May 2021, proving they're not afraid to explore new horizons.
"We've been here since the beginning," says Greg Feller, Mogo's president, referring to their early adoption of Bitcoin. And with big names like Fidelity and Blackrock embracing BTC, it's clear that this digital asset is more than just a passing trend.
Mogo is betting on Bitcoin for the long haul, seeing it as a
legitimate global asset class with qualities that set it apart. As the world of finance evolves, this Canadian trailblazer is ready to ride the crypto wave and secure those long-term gains.
Hold on tight – Mogo is taking us to new heights in the world of digital investments!
