Mogo Inc. announced it has monetized approximately $13.8 million of its investment in WonderFi Technologies Inc. This represents just under 50% of its total holdings in the company.
This transaction is significant in the context of Mogo's market capitalization of approximately $50 million. The funds generated from this monetization were used to increase the company's Bitcoin holdings.
The strategic allocation of these funds to Bitcoin reinforces Mogo's Bitcoin treasury strategy. This move demonstrates the company's commitment to leveraging its investments to further its digital asset strategy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.