Mogo Inc., a digital wealth and payments company, has monetized approximately $13.8 million of its investment in WonderFi Technologies Inc., representing just under 50% of its total holdings in the company. This transaction underscores the value of Mogo’s investment portfolio relative to its current market capitalization of approximately $50 million.
The WonderFi shares were sold at a modest discount in connection with WonderFi’s pending acquisition by Robinhood Markets, Inc. Mogo plans to hold its 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.
“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.”
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 to approximately $2 million, further reinforcing its conviction in Bitcoin as a strategic reserve asset and a core pillar of its treasury strategy. This investment was conducted through Bitcoin ETFs.
Mogo Inc. is publicly listed on the NASDAQ and TSX exchanges, with a mission to empower consumers to grow wealth through financial products and a capital strategy anchored by Bitcoin. Its platform integrates digital wealth management and lending with a commitment to hard asset capital allocation.
