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Mogo Inc. (MOGO) has completed a strategic investment of approximately 9% in Digital Commodities Capital Corp. (DIGI; OTCQB: DGCMF), a publicly listed investment company focused on acquiring and holding Bitcoin and physical gold.
The Canadian fintech company invested $1 million as part of Digital Commodities’ non-brokered private placement, purchasing 13.3 million units at $0.075 per unit. Each unit consists of one common share and one warrant to purchase a common share at $0.10.
Digital Commodities operates as an investment issuer building a capital platform primarily focused on Bitcoin and physical gold holdings. The company positions these assets as long-term reserves managed according to what it describes as sound money principles.
"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.
The investment aligns with Mogo’s strategy of combining fintech operations with Bitcoin treasury holdings. The company announced board authorization earlier this month to allocate up to $50 million to Bitcoin purchases.
Mogo will hold this investment alongside its other crypto-related investments, including a minority stake in Gemini. The company operates a platform that combines digital wealth management and lending services.
Digital Commodities’ model focuses on providing public market investors access to Bitcoin and gold without what the company describes as dilution through operating businesses or speculative diversification.
The information is based on a press release statement from Mogo Inc.