Mogo Inc. (NASDAQ:MOGO) saw its stock rise 4.5% following the Canadian fintech’s strategic investment in Digital Commodities Capital Corp. (CSE: DIGI).
Mogo disclosed it has acquired close to a 9% ownership interest in Digital Commodities, a publicly traded investment issuer focused on holding Bitcoin and physical gold. The $1 million investment was made through Digital Commodities’ non-brokered private placement, which offered 13.3 million units priced at $0.075 each. Each unit includes one common share plus one warrant to buy a common share at $0.10.
“We believe Digital Commodities is building something foundational, an asset-backed public company model built on Bitcoin and gold,” said Greg Feller, President and Co-founder of Mogo. “That’s a category-defining strategy we’re excited to be aligned with as both operators and long-term believers in Bitcoin.”
This move supports Mogo’s recently announced plan to allocate up to $50 million toward Bitcoin investments. The company is positioning itself as a hybrid platform, combining a fast-growing fintech business with a strategic Bitcoin treasury.
Mogo’s stake in Digital Commodities complements its other cryptocurrency holdings, including a minority position in Gemini, enhancing its exposure to Bitcoin and the broader digital assets market.
Digital Commodities centers its treasury approach on hard assets like Bitcoin and gold, aiming to maintain disciplined and transparent long-term reserves.
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