Mogo Inc. (Nasdaq: Mogo), Canadian Fintech, announced today that it has completed a strategic investment of about 9% in Digital Commodities Capital Corp.
Digital goods are a public investment publisher that creates a differentiated capital platform, which focuses mainly on the acquisition and possession of Bitcoin and natural gold. These hard assets that are not fishermen serve as the foundations of the strategy of the Ministry of Finance of the Company and are intended to function as long -term stocks that manage with discipline and transparency.
“We believe that digital products make something fundamental, a public company model supported by Bitcoin -based assets and gold,” said Greg Feller, president and co -founder of Mogo. “This is a category defining strategy that we are excited about aligning with both operators and long -term believers in Bitcoin.”
“We are just as excited to work with Brayden Sutton and his team, who bring deep beliefs, vision and expertise to this emerging category of assets,” Greg Feller added.
Mogo’s $ 1 million investment was made as part of the private digital products and consists of a subscription of 13.3 million units for $ 0.075 per unit. Each digital goods unit consists of a common share and a warrant for buying a common share that can be exercised at $ 0.10.
This investment will take place in parallel with other MOGO encryption investments, including its minority in Gemini, further promoting its strategic exposure to Bitcoin and the wider ecosystem of digital assets.
This also supports Mogo’s broader vision as a double concentration platform, combining a high -growth fintech operation with a strategic ministry of Bitcoin. Earlier this month, Mogo announced the Board of Directors’ authorization to deposit up to $ 50 million to Bitcoin, reinforcing his long -term conviction of harsh assets as a cornerstone of maintaining and developing capital.