Mogo Inc. divested nearly 50% of its WonderFi Technologies holdings for about $13.8 million, planning to allocate approximately $2 million towards expanding its Bitcoin ETF exposure amid an anticipated merger with Robinhood in H2 2025.
Mogo Inc. sold nearly half of its WonderFi Technologies stake for approximately $13.8 million, aligning with its $50 million market cap scale. The company will reinvest around $2 million from the proceeds to enhance its Bitcoin ETF position. The sale price was slightly below the expected merger valuation with Robinhood, and Mogo Inc. will retain the remaining shares until the merger finalizes.