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Mogo, a Listed Company, Sells $13.8 Million WonderFi Shares to Increase BTC Holdings

Summary: According to reports from businesswire, Canadian digital wealth and lending platform Mogo (NASDAQ: MOGO) announced the sale of its investment in WonderFi Technologies Inc. for approximately $13.8 million, representing nearly 50% of its total stake in the company. Mogo plans to use the proceeds from this sale for investments aligned with its long-term capital strategy, ...

According to reports from businesswire, Canadian digital wealth and lending platform Mogo (NASDAQ: MOGO) announced the sale of its investment in WonderFi Technologies Inc. for approximately $13.8 million, representing nearly 50% of its total stake in the company. Mogo plans to use the proceeds from this sale for investments aligned with its long-term capital strategy, increasing its investment in Bitcoin to around $2 million, further solidifying its belief in Bitcoin as a strategic reserve asset and a core pillar of the company's financial strategy.

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