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Canadian fintech Mogo announced a $50 million Bitcoin reserve plan, triggering a 140% surge in its shares at market opening. The move underscores its long-term crypto strategy and capital discipline framework.
- Mogo's shares surged 140% after announcing a $50M Bitcoin reserve plan.
- The firm will use surplus cash and future monetizations to fund Bitcoin purchases.
- Mogo introduced a Bitcoin hurdle rate to enforce capital discipline and prioritize high-return projects.
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