Canadian fintech Mogo Inc. said its board has cleared the company to buy as much as US$50 million in Bitcoin for its corporate treasury. The authorization was disclosed following the firm’s annual general meeting on 2 July. The move positions Mogo among a growing number of publicly traded companies diversifying cash holdings into digital assets. The company did not set a timeline for the purchases or specify how the acquisitions would be funded. Investors welcomed the announcement; Mogo’s shares jumped roughly 158 percent in early U.S. pre-market trading.