Nasdaq-listed Mogo Puts $405K in Ether
Main page News, Ethereum, Canada

Mogo Inc., a Vancouver-based fintech mortgage loan company, has announced it purchased 146 ether (ETH) at an average price $2,780. According to a press release, the purchase is a part of the company's plans to monetize its portfolio.

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The company will keep the cryptocurrency on its balance sheet in addition to 18 bitcoins (EXANTE: Bitcoin) it purchased at an average price of $33,083. Greg Feller, President and CFO of Mogo, said the investment complements the company's earlier investments in bitcoin and reflects its belief in the "long-term potential of blockchain technology."

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Mogo's purchase comes after the Vancouver-based fintech company made an investment in a Canadian cryptocurrency exchange Coinsquare. The firm acquired 19.99% ownership of Coinsquare’s shares on a post-transaction basis for $56.4 million.

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