Companies Investing in Bitcoin: Silvergate Capital (SI), Mogo (MOGO) and Microstrategy (MSTR)

Silvergate Capital (SI)

Silvergate is a bank focused on the crypto industry. In the company's 4th quarter earnings report announced in January, it stated that it has investments in digital currencies, most of it is in Bitcoin, and the size of this deposit is $ 5 billion. This is about $ 2 billion more than the previous quarter and fueled by an increase in Bitcoin's value.

Mogo (MOGO)

Mogo is a Canadian fintech company that offers a finance app with a cryptocurrency component for its users. The company announced in late December that it would invest $ 1.5 million in Bitcoin and possibly more in 2021. This is 1.5 percent of the company's assets at the end of the 3rd quarter. In early February, the company announced that it saw a 323 percent increase in bitcoin transaction volume in January and a 141 percent increase in new bitcoin accounts in January compared to December.

Microstrategy (MSTR)

Microstrategy, a business intelligence firm, bought $ 250 million worth of bitcoin last August. Company decided to use its reserves for this and bought a total of 71,079 bitcoins. The company owns almost $ 3.1 billion worth of Bitcoin as of February 8.     Companies Investing in Bitcoin: Silvergate Capital (SI), Mogo (MOGO) and Microstrategy (MSTR) Source: https://finance.yahoo.com/ You may also be interested in:

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