- Mogo Inc. (MOGO, Financial) poised for strategic growth following shareholder approval of WonderFi's acquisition by Robinhood.
- Mogo holds approximately 82 million shares in WonderFi, positioning it for significant liquidity.
- Company affirms strong commitment to Bitcoin, expanding its Bitcoin treasury strategy up to C$50 million.
Mogo Inc. (MOGO), a prominent digital wealth and payments company based in Vancouver, has announced a pivotal development following the shareholder approval of Robinhood Markets, Inc.'s acquisition of WonderFi Technologies Inc. As WonderFi's largest shareholder, Mogo holds approximately 82 million common shares, and this transaction is expected to unlock substantial liquidity for the company. The approval was confirmed at a special meeting of WonderFi securityholders held on July 17, 2025.
Greg Feller, President of Mogo, expressed optimism, stating, "As WonderFi’s largest shareholder, we expect this deal to unlock significant liquidity that will further strengthen our balance sheet and enhance our strategic flexibility." This transaction sets the stage for Mogo to pursue strategic investments in its digital finance platform and expands its efforts in the Bitcoin treasury strategy.
True to its pioneering stance on Bitcoin, Mogo has consistently supported Bitcoin as a long-term value store. As part of its strategy, Mogo has recently approved an expanded Bitcoin treasury authorization of up to C$50 million. The company plans to update shareholders on developments following the closure of the WonderFi transaction, anticipated in the latter half of 2025, pending customary regulatory approvals.
Mogo Inc. continues to fortify its position in the digital finance landscape with a commitment to empowering consumers through a suite of innovative financial products and a robust capital strategy centered on Bitcoin.
