Mogo Inc. announced that its Board of Directors has authorized the allocation of up to $50 million to Bitcoin. This move is part of the company's long-term capital preservation and product innovation strategy.
This authorization marks a significant step in Mogo's strategic alignment with Bitcoin, integrating it across its treasury policy and core operating businesses. The company views Bitcoin as a key component of its future financial ecosystem.
The substantial capital allocation underscores Mogo's conviction in Bitcoin's role as a strategic asset. This decision positions the company to leverage digital assets more deeply within its wealth and payments platforms.
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