Mogo Inc. (TSX: Mogo), a digital wealth and payment company, announced today that it has earned about $ 13.8 million from its investment in Wonderfi Technologies Inc, which represents just below 50% of its total entries in the company.
This transaction is extremely important in the context of current capitalization of the Mogo market of about $ 50 million.
Wonderfi’s shares were sold with a moderate discount on the proposed value of the agreement in relation to Wonderfi’s pending performance by RobinHood Markets, Inc. The company is currently planning to keep the other shares until the transaction, which was said by Wonderfi, in the second half of 2025, is subject to ordinary closing conditions.
“We saw an early opportunity to unlock the value in a part of our position while maintaining a significant exposure to Wonderfi,” said Greg Feller, president and CFO of Mogo. “This transaction reflects our disciplined approach to capital distribution and allows us to accelerate our Treasury Bitcoin strategy.”
Mogo has the revenue of this revenue in accordance with his long -term capital strategy. With this proceeds, the company has increased its investment in Bitcoin to about $ 2 million.