Nasdaq-listed Mogo buys Ethereum, looking to allocate 5% of its balance sheet to crypto

By Btc Peers7 days ago

Nasdaq-listed Mogo buys Ethereum, looking to allocate 5% of its balance sheet to crypto

A month after allowing customers to earn Bitcoin through a cash-back program, Canadian fintech company Mogo has used part of its cash reserves to buy Ethereum.

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According to a report by Business Wire, the Nasdaq-listed firm announced on Monday that it purchased approximately 146 Ether (ETH) at an average price $2,780. With Ethereum trading at nearly $3,500, their initial purchase is now worth over half a million.

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