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VANCOUVER, BC, May 6, 2021 /PRNewswire/ Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) ( Mogo or the Company ), a leading digital payments and financial technology company, today announced a new partnership to provide MogoMembers with exclusive access to crypto and other equity research from FSInsight LLC ( FSI ), a market-leading, independent research firm that is a division of Fundstrat Global Advisors ( Fundstrat ). Fundstrat/FSI was founded by Thomas J. Lee, CFA a top-ranked Wall Street analyst with 30 years of research experience, the former Chief Equity Strategist at global investment bank JPMorgan, and a contributing editor with CNBC and veteran Wall Street sales executive John Bai. FSI provides individuals with the same quality of research that banks and hedge funds receive to make their investment decisions.
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Canadian Fintech Mogo Announces Corporate Investment in Ethereum
Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Monday it has purchased approximately 146 Ether (ETH) at an average price $2,780. The company reported that its Ethereum investment is consistent with management’s plans to increase its on-balance sheet investment in the blockchain and fintech ecosystem, particularly as it monetizes its portfolio of equity investments which had a value of approximately $18.4 million as of December 31th.
Greg Feller, President and CFO of Mogo, shared more details about the investment by stating:
“This initial investment in Ether complements our earlier investments in Bitcoin and reflects our belief in the long-term potential of blockchain technology and its position as a core component of a next generation financial technology platform.”
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