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Paves the way for expanded Bitcoin treasury strategy and strategic investments in Mogo's digital finance platform
Mogo Inc. (NASDAQ:MOGO, TSX:MOGO), a digital wealth and payments company, today provided an update on the previously announced acquisition of WonderFi Technologies Inc. ("WonderFi") by Robinhood Markets, Inc. ("Robinhood").
On July 17, 2025, WonderFi announced that its securityholders voted in favor of the proposed acquisition at a special meeting of securityholders. The full voting results and next steps can be found in WonderFi's press release.
Mogo is WonderFi's largest shareholder, holding approximately 82 million common shares of the company.
"We're pleased to see WonderFi shareholders strongly support this transaction, which marks another step forward toward closing," said Greg Feller, President of Mogo. "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."
Feller added, "This event is a meaningful catalyst for Mogo. It gives us the opportunity to make strategic investments in our platform while continuing to increase our exposure to Bitcoin, consistent with our long-standing belief in Bitcoin as a superior long-term store of value. As always, we intend to allocate capital with discipline and maintain Bitcoin as our benchmark hurdle rate."
Mogo was among the first publicly traded companies in Canada to adopt Bitcoin as a treasury asset in 2020 and has consistently expressed its conviction in the long-term value of Bitcoin. Mogo recently approved an expanded Bitcoin treasury authorization of up to C$50 million and expects to update shareholders following the closing of the WonderFi transaction. The transaction is expected to close in the second half of 2025 and remains subject to customary regulatory approvals and other closing conditions.
