Mogo Inc. (TSX:MOGO), a digital wealth and payments company, today announced it has monetized approximately $13.8 million of its investment in WonderFi Technologies Inc, representing just under 50% of its total holdings in the company.

This transaction is highly significant in the context of Mogo’s current market capitalization of approximately $50 million.

The WonderFi shares were sold at a modest discount to the proposed deal value in connection with WonderFi’s pending acquisition by Robinhood Markets, Inc. The company currently plans to hold the remaining shares until that transaction closes, which WonderFi has stated is expected to occur in the second half of 2025, subject to customary closing conditions.

“We saw a timely opportunity to unlock value on a portion of our position while retaining meaningful exposure to WonderFi,” said Greg Feller, President & CFO of Mogo. “This transaction reflects our disciplined approach to capital allocation and allows us to accelerate our Bitcoin treasury strategy.”

Mogo is allocating the proceeds from this monetization in line with its long-term capital strategy. With these proceeds, the company has increased its investment in Bitcoin to approximately $2 million.