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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Why MOGU Stock Is Gaining Today

Bitcoin e-commerce Ethereum
Political Dynamics Shape Concession Battle Amid Trump Family Business Expansion

MOGU Inc. (NYSE:MOGU) shares climbed higher Thursday after the Chinese e-commerce and social commerce platform unveiled a new plan to allocate up to $20 million into digital currencies, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL), as well as related securities and investment products.

The company's board approved the move on Sept. 9, saying the initiative is designed to diversify treasury assets.

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