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Nasdaq listed company buys virtual currency Ethereum for the first time in the United States

Cryptocurrency

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.

Relation: US Nasdaq listed company Mogo “First, buy 100 million yen worth of Bitcoin”

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.

Relation: Ethereum breaks through Odai, inflow of institutional money is also strong

Source: Tradingview

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Author: Lewis Kikutani
Reference: Businesswire

Images used under Shutterstock license
“Cryptocurrency” means “cryptographic assets”

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