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The Vancouver fintech said the sale of its remaining shares in Toronto crypto firm WonderFi will increase its cash and equivalents by more than half compared to the third quarter of 2025. (The Logic)
Talking point: WonderFi shares were trading at $0.30 when the market opened Friday, which means Mogo could have made more money if it waited for U.S. digital stock trading giant Robinhood to close its acquisition of the firm at $0.36 per share. In a release, Orion said it is “prioritizing the time value of capital and immediate balance sheet flexibility” by selling its remaining shares at a discount. Orion also sold about half its WonderFi shares at a discount in August for $13.8 million, using some of the proceeds to buy bitcoin. Orion clashed with WonderFi in the lead-up to the Robinhood deal, taking a $4-million payment as part of an agreement that saw WonderFi settle with an activist investor and reduce the size of its board.
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