Mogo Monetizes $13.8 Million of WonderFi Stake and Increases Bitcoin Holdings

Executive Summary

• Mogo Inc. announced the monetization of approximately $13.8 million worth of its investment in WonderFi Technologies Inc., representing just under 50% of its total holdings in the company.
• The transaction was executed at a modest discount to the proposed deal value, preceding the expected closing of WonderFi’s acquisition by Robinhood Markets, Inc., which is anticipated in the second half of 2025.
• Mogo is allocating the proceeds to increase its Bitcoin treasury strategy, specifically investing approximately $2 million into Bitcoin via ETFs, reinforcing its capital allocation strategy anchored by hard assets.

Key Details

• Transaction Value: Approximately $13.8 million in proceeds from the sale of WonderFi shares.
• Position Sold: Just under 50% of Mogo’s total holdings in WonderFi Technologies Inc.
• Remaining Position: Mogo plans to retain the remaining WonderFi shares until the closing of the Robinhood acquisition.
• Acquisition Context: The sale precedes WonderFi’s pending acquisition by Robinhood Markets, Inc., expected to close in the second half of 2025, subject to customary closing conditions.
• Use of Proceeds: Approximately $2 million was used to increase Mogo’s investment in Bitcoin (via Bitcoin ETFs).
• Strategic Rationale: The move is described as a disciplined approach to capital allocation to unlock value while retaining exposure to the WonderFi-Robinhood deal and accelerating the Bitcoin treasury strategy.
• Market Context: The transaction is highlighted as significant relative to Mogo’s market capitalization of approximately $50 million, underscoring the intrinsic value of its investment portfolio.

Notable Quotes

• “We saw a timely opportunity to unlock value on a portion of our position while retaining meaningful exposure to WonderFi. This transaction reflects our disciplined approach to capital allocation and allows us to accelerate our Bitcoin treasury strategy.” — Greg Feller, President & CFO of Mogo