Mogo Board Authorizes $50 Million Allocation to Bitcoin
View original
BlockBeats News, July 2—According to Businesswire, the board of directors of fintech company Mogo has authorized the allocation of $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.
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$108,133.83
-0.94%
Ethereum
ETH
$2,515.88
-2.38%
Tether USDt
USDT
$1
-0.03%
XRP
XRP
$2.22
-0.96%
BNB
BNB
$655.72
-0.72%
Solana
SOL
$147.05
-3.72%
USDC
USDC
$0.9999
-0.01%
TRON
TRX
$0.2832
-1.08%
Dogecoin
DOGE
$0.1636
-3.70%
Cardano
ADA
$0.5768
-2.37%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now