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MOGO Stock Price Surges by 115.76% Following $50 Million Bitcoin Allocation Announcement
2025-07-02 23:06
BlockBeats News, July 2nd, according to market data, Mogo Inc (MOGO) rose by 115.76%, now trading at $2.62.
BlockBeats previously reported that the fintech company Mogo's board of directors announced earlier today that it has authorized the allocation of $50 million to Bitcoin as part of its long-term capital preservation and product innovation strategy. The company will gradually achieve this target with excess cash and portfolio reallocation to Bitcoin as the benchmark for capital allocation returns, and will also integrate Bitcoin into its core business to launch portfolio, loan products, etc.
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