U.S. listed company buys ETH
It turns out that the US Nasdaq listed company Mogo has purchased the crypto asset (virtual currency) Ethereum (ETH). This was the first case for a US listed company.
Mogo is a fintech company listed on the US Nasdaq and the Toronto Stock Exchange in Canada. This time, it is said that it has acquired 146 ETH, which is equivalent to a cumulative total of 44 million yen, at an average price of $ 2,780.
In addition to this purchase, he announced plans to continue to allocate 5% of his portfolio, including cash, to virtual currencies.
Mogo announced in December last year that it plans to purchase Bitcoin (BTC), initially planning to purchase C $ 1.5 million (about 120 million yen). He explained that he would consider additional investment in 2021. The announcement also revealed that it was buying 18 BTC for an average price of $ 33,083.
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Mogo is a company that provides digital financial services through apps. In 2018, he launched an app called Mogo Crypto and has a history of providing BTC trading services on the app.
In addition to investing in Bitcoin and Ethereum, he is also a shareholder of Canada’s leading crypto exchange Coinsquare and holds a 19.99% stake.
The Ethereum price reached a record high of $ 3,000 for the first time on May 3rd. Later, it continued to grow and was temporarily in the $ 3,300 range.
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“Cryptocurrency” means “cryptographic assets”