Mogo sells its nearly half stake in WonderFi for approximately $13.8 million, and the proceeds will be used to increase its holdings of Bitcoin

According to Business Wire, Mogo Inc. announced today that it has sold its nearly 50% stake in WonderFi Technologies Inc. for approximately $13.8 million. The transaction amount is close to the company's market value of approximately $50 million, highlighting the value of its investment portfolio. The company will use the proceeds to increase its Bitcoin ETF position to approximately $2 million. The sale price this time is slightly lower than the expected merger price between WonderFi and Robinhood, which is expected to be completed in the second half of 2025. Mogo stated that it will hold the remaining shares until the transaction is finalized.