Mogo (MOGO) announced that its board of directors has authorized the allocation of up to $50M to Bitcoin (BTC). Following the anticipated close of the WonderFi-Robinhood transaction in the second half of 2025, Mogo expects to hold approximately $50M in cash and investments. The company’s Board has approved a Bitcoin allocation of up to $50M, to be funded by excess cash on the balance sheet and, over time, through additional monetizations from its investment portfolio, including investments in US-based crypto exchange, Gemini, and Canadian technology company, Hootsuite. The company has an initial goal to scale to a $50M investment in Bitcoin based on staged investments over time, while keeping adequate working capital for the operating business.
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