Mogo Bought $405,880 of Ether, Plans to Allocate Up to 5% of Cash Into Crypto

The publicly traded fintech firm paid an average price of $2,780 for the digital currency.

May 3, 2021, 1:46 PM

Updated Aug 19, 2021, 9:08 AM

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Nasdaq-traded Mogo, a digital payments/fintech company, said it bought about 146 ether (ETH) at an average price of $2,780 as part of its plan to allocate up to 5% its cash and investment portfolio to cryptocurrencies.

Mogo said it's already purchased about 18 bitcoins to date in open-market transactions at an average price of $33,083.
Yesterday, the price of ether crossed $3,000 for the first time ever, and it set an all-time high of $3,204.06 early Monday. In recent trading, the second-largest cryptocurrency by market cap was changing hands at $3,121.91, up 6.88% in the last 24 hours. Year to date. ETH is up 324%.

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Kevin Reynolds

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