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Canadian public company acquired 146 ETH

Canadian fintech company Mogo, which is listed on the Toronto Stock Exchange and NASDAQ, bought about 146 ETH at an average price of $ 2,780 as part of an investment plan to distribute up to 5% of its reserves in cryptocurrencies.

The company called this decision part of Mogo’s broader digital asset market strategy.

According to a press release, the firm previously bought 18 BTC at an average price of $ 33,083. In April 2021, Mogo also acquired a 19.99% stake in Canada’s leading cryptocurrency exchange, Coinsquare.

“This initial investment in Ethereum complements previous investments in Bitcoin and reflects our belief in the long-term potential of blockchain technology and its role as a core component of the next generation fintech platform,” said Mogo President and CFO Greg Feller.

In December 2020, Mogo announced that it was investing up to $ 1.5 million in bitcoin. According to Feller, such investments will improve the company’s financial products.

Recall that in March 2021, Mogo announced the launch of an incentive program with a cashback in bitcoin when applying for a new mortgage or refinancing an old one.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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