The Vancouver-based fintech, which was early to the trend of putting digital assets on its balance sheet, disclosed that it sold all the bitcoin and ether it purchased in January 2021 for $1.25 million at a loss, recouping just $625,000 in November 2022. In a release, Mogo also said its net loss, which widened from $29.6 million during the same period the previous year, was partly driven by a $31.5 million impairment charge to its 34 per cent stake in the cryptocurrency-trading platform Coinsquare. (The Logic)
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