Mogo: Jumps on investment in bitcoin
23/12/2020 13:26
** U.S.-listed shares of Canadian mortgage-focused fintech
co up 26.8% at $4.3 premarket
** Co to make an initial investment of C$1.5 mln ($1.16 mln)
in bitcoin; may consider additional investments in 2021
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** "We are strong believers in bitcoin as an asset class and
believe this investment is consistent with our goal to make
bitcoin investing available to all Canadians" - CFO
** Bitcoin BTC=BTSP hit a record high of $23,000 against
the U.S. dollar Dec. 17
** YTD, shares up 32.09%
($1 = 1.2878 Canadian dollars)
(Reporting by Sohini Podder in Bengaluru)
((sohini.podder@thomsonreuters.com))