Mogu Inc. Shares Soar 200% Following Major Digital Currency Investment

Mogu Inc. stock experienced a dramatic surge of 200% in pre-market trading, following the announcement of a strategic investment into digital currencies. The company’s board has approved allocating corporate assets to Bitcoin, Ethereum, and Solana, along with related securities and investment products. This move aligns with Mogu Inc.’s broader strategy to leverage its expertise in artificial intelligence (AI). They aim to accelerate their entry into decentralized AI applications and services while bolstering asset diversification for long-term value preservation.