Nasdaq-Listed Canadian Firm to Invest Over $1M in Bitcoin

Mogo, a Canadian fintech listed on the Nasdaq and Toronto stock exchanges, said it may make further bitcoin investments next year.

AccessTimeIconDec 23, 2020 at 2:56 p.m. UTC
Updated May 9, 2023 at 3:14 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Mogo, a Canadian fintech listed on the Nasdaq and Toronto stock exchanges, has announced it will invest in bitcoin.

  • The firm said Wednesday that it plans to make a corporate investment of up to CA$1.5 million (US$1.16 million) in bitcoin, and will consider additional purchases over 2021.
  • The funds come from its CA$17 million (US$13.2 million) investment portfolio, Mogo indicated.
  • The initial investment represents around 1.5% of the company's total assets as of the end of Q3 2020.
  • “We are strong believers in bitcoin as an asset class and believe this investment is consistent with our goal to make bitcoin investing available to all Canadians,” said Greg Feller, Mogo's president and CFO.
  • The news after a number of public companies have made corporate investments in bitcoin, the top cryptocurrency by market cap, seeking to hedge against a falling dollar and future inflation.
  • Business intelligence firm MicroStrategy announced Monday that it had made another bitcoin investment worth $650 million. The firm now has 70,470 BTC worth over $1.66 billion in its treasury reserve.
  • Jack Dorsey's Square put $50 million – 1% of its assets – into bitcoin in October.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about