Publicly listed company Mogo sells $13.8 million in WonderFi shares to increase BTC holdings

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MarsBit
08-04
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Mars Finance News, according to Businesswire, Mogo (NASDAQ:MOGO), a Canadian digital wealth and lending platform, 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 consistent with its long-term capital strategy, having increased its Bitcoin investment to approximately $2 million, further reinforcing its belief in Bitcoin as a strategic reserve asset and a core pillar of its financial strategy.

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