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Mogo Bought $405,880 of Ether, Plans to Allocate Up to 5% of Cash Into Crypto
The publicly traded fintech firm paid an average price of $2,780 for the digital currency.
Updated Sep 14, 2021, 12:50 p.m. Published May 3, 2021, 1:46 p.m.
Nasdaq-traded Mogo, a digital payments/fintech company, said it bought about 146 ether (ETH) at an average price of $2,780 as part of its plan to allocate up to 5% its cash and investment portfolio to cryptocurrencies.
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- Mogo said it's already purchased about 18 bitcoins to date in open-market transactions at an average price of $33,083.
- Yesterday, the price of ether crossed $3,000 for the first time ever, and it set an all-time high of $3,204.06 early Monday. In recent trading, the second-largest cryptocurrency by market cap was changing hands at $3,121.91, up 6.88% in the last 24 hours. Year to date. ETH is up 324%.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations
Solana tumbled below $120 to its weakest price since April, while SUI, DOGE and ADA also fell sharply.
What to know:
- Bitcoin is teetering on the brink of falling below $85,000 level, accelerating declines in the crypto market.
- Altcoins such as SOL, Cardano, ADA, SUI and dogecoin led Thursday's drop.
- $550M in liquidations hit derivatives markets, but analysts said the pullback looks like orderly deleveraging rather than full-blown panic.
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