- Mogo (MOGO) has acquired an additional 5.4 million common shares of Coinsquare Ltd. for $48.6 million
- This acquisition increases Mogo’s ownership in Coinsquare to approximately 37 per cent
- Coinsquare provides a proprietary trading platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin and other digital assets
- Mogo Inc is a Canadian based financial technology company
- Mogo Inc. (MOGO) opened trading at C$9.19 per share
Mogo (MOGO) has acquired an additional 5.4 million common shares of Coinsquare Ltd.
This acquisition increases Mogo’s ownership in Coinsquare to approximately 37 per cent, for total aggregate consideration of $48.6 million.
“We’re pleased to close this second investment in Coinsquare and to increase our ownership of the leading cryptocurrency trading platform in Canada,” said Greg Feller, President of Mogo.
“Since our first investment in early February 2021, assets and volumes on the Coinsquare platform have significantly increased. The team at Coinsquare has done an excellent job building a valuable platform, and we are excited to participate in their future growth as they capitalize on long-term industry tailwinds, which will also build long-term value for Mogo shareholders.”
Coinsquare provides a proprietary trading platform engineered to deliver a robust, secure, and intelligent interface for trading Bitcoin, Ethereum, Litecoin and other digital assets.
A Canadian-based financial technology company, Mogo is empowering its more than one million members with simple digital solutions to help them get in control of their financial health. Through the Mogo app, consumers can access a digital spending account with Mogo Visa* Platinum Prepaid Card featuring automatic carbon offsetting, easily buy and sell bitcoin, and get free monthly credit score monitoring, ID fraud protection, and personal loans.
Mogo Inc. (MOGO) opened trading at C$9.19 per share.