Public company Mogo sells $13.8 million in WonderFi shares to increase BTC holdings

ChainCatcher news, according to businesswire, Canadian digital wealth and lending platform Mogo (NASDAQ:MOGO) announced that it has sold its investment in WonderFi Technologies Inc. for approximately $13.8 million, representing nearly 50% of its total holdings in the company.

Mogo plans to use the proceeds from this sale for investments aligned with its long-term capital strategy. The company has increased its investment in Bitcoin to approximately $2 million, further solidifying its belief in Bitcoin as a strategic reserve asset and making it a core pillar of its financial strategy.