Mogo sells $13.8 million in WonderFi shares to increase Bitcoin holdings

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According to Foresight News, 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 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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