Business
Mogo Monetizes $13.8 Million of WonderFi Stake and Increases Bitcoin Holdings
Proceeds Represent Just Under 50% of Total Position; Transaction Precedes Expected Closing of Won...
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[{"type":"text","content":"Mogo Monetizes $13.8 Million of WonderFi Stake and Increases Bitcoin Holdings\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n\n Proceeds Represent Just Under 50% of Total Position; Transaction Precedes Expected Closing of WonderFi – Robinhood Acquisition in Second Half of 2025\n \n\n\n\n\n\n Mogo Inc. (NASDAQ:MOGO; TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments company with a strategic Bitcoin treasury, today announced it has monetized approximately $13.8 million of its investment in WonderFi Technologies Inc. (“\n \n WonderFi\n \n ”), representing just under 50% of its total holdings in the company.\n \n\n This transaction is highly significant in the context of Mogo’s current market capitalization of approximately $50 million, underscoring the intrinsic value of the company’s investment portfolio and balance sheet.\n \n\n The WonderFi shares were sold at a modest discount to the proposed deal value in connection with WonderFi’s pending acquisition by Robinhood Markets, Inc. The Company currently plans to hold the remaining shares until that transaction closes, which WonderFi has stated is expected to occur in the second half of 2025, subject to customary closing conditions (see WonderFi’s July 30, 2025 press release:\n \n link\n \n ).\n \n\n “We saw a timely opportunity to unlock value on a portion of our position while retaining meaningful exposure to WonderFi,” said Greg Feller, President & CFO of Mogo. “This transaction reflects our disciplined approach to capital allocation and allows us to accelerate our Bitcoin treasury strategy.”\n \n\n Mogo is allocating the proceeds from this monetization in line with its long-term capital strategy. With these proceeds, the Company has increased its investment in Bitcoin\n \n 1\n \n to approximately $2 million, further reinforcing its conviction in Bitcoin as a strategic reserve asset and a core pillar of its treasury strategy.\n \n\n\n About Mogo\n \n\n\n\n Mogo Inc.\n \n (NASDAQ:MOGO; TSX:MOGO) is on a mission to build the future of intelligent finance, empowering consumers to grow wealth through a suite of innovative financial products and a capital strategy anchored by Bitcoin. The company’s platform combines digit...