MOGO shares surge 115.76% after announcing $50 million Bitcoin allocation authorization
2025/07/02 21:22BlockBeats News, July 2—According to market data, a certain exchange has surged by 115.76%, with the current price quoted at $2.62.
As previously reported by BlockBeats, earlier today the board of directors of fintech company Mogo announced the authorization to allocate $50 million to Bitcoin as part of its long-term capital preservation and product innovation strategy. The company will achieve this goal in phases by using excess cash and liquidating investment portfolios, setting Bitcoin as the benchmark for capital allocation returns. Mogo also plans to integrate Bitcoin into its core business, launching portfolio and loan products, among others.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A U.S. Stock Exchange Sees Weekly Gains Exceed 2944%
"Insider Whale" Forced to Liquidate 1,111.7 ETH and 37.96 BTC Again 50 Minutes Ago
Today, 10 US Bitcoin ETFs Record Net Inflow of 2,226 BTC
Trending news
MoreCrypto prices
More
