VANCOUVER, British Columbia—Mogo Inc. (NASDAQ: MOGO; TSX: MOGO), a leading Canadian digital wealth and lending platform, has announced a groundbreaking $50 million Bitcoin treasury authorization approved by its Board of Directors. This strategic move aligns Mogo’s long-term capital preservation and product innovation with Bitcoin, integrating it into treasury policy and core operations.
Strategic Commitment to Bitcoin
Mogo has been a pioneer in digital asset innovation since 2018, when it launched Canada’s first Bitcoin account. In 2020, it became the third US-listed company to add Bitcoin to its balance sheet, following industry giants like MicroStrategy and Block.
👉 Discover how Bitcoin is reshaping corporate treasuries
Key Highlights:
- Board-Approved $50M Allocation: Funded through excess cash and monetizations from investments (e.g., Gemini, Hootsuite).
- Bitcoin as a Hurdle Rate: All capital deployments (M&A, share buybacks) must outperform Bitcoin’s long-term returns.
- Dual-Compounding Strategy: Combines operating scale (Wealth, Lending, Payments) with a growing Bitcoin reserve.
Integration Across Core Businesses
Mogo will embed Bitcoin across its platform to serve nearly 2 million Canadian members:
Wealth Management:
- Flagship 60/40 Equity/Bitcoin Portfolio ($400M+ AUM).
- Designed for long-term investors recognizing Bitcoin’s store-of-value potential.
Lending:
- Bitcoin-collateralized loans to lower borrowing rates.
- Democratized access to crypto assets.
Payments:
- Exploring stablecoin infrastructure for $12B annual cross-border volume.
👉 Learn about Bitcoin’s role in modern finance
Behavioral Framework: Buffett Meets Bitcoin
Mogo’s Buffett-mode philosophy emphasizes disciplined, long-term decision-making. Bitcoin is offered as a strategic asset—not speculative hype—through:
- Educational Content: Tools for informed investing.
- Behavioral Guidance: Mental clarity over short-term trends.
FAQs
Q: Why is Mogo investing in Bitcoin?
A: As a hedge against inflation and a strategic reserve asset with long-term appreciation potential.
Q: How will Bitcoin be used in Mogo’s products?
A: Integrated into wealth portfolios, loan products, and payment solutions for enhanced member value.
Q: What safeguards are in place for this allocation?
A: Staged investments ensure adequate working capital while scaling the Bitcoin position.
Forward-Looking Vision
Greg Feller, Mogo’s President, stated:
“We’re building a billion-dollar business alongside a high-conviction Bitcoin reserve—a model few can execute.”
About Mogo:
A fintech leader in wealth, lending, and payments, Mogo empowers Canadians with tools for financial health. Its unique integration of debt-to-wealth solutions sets it apart in the Canadian market.
Note: Forward-looking statements involve risks detailed in Mogo’s regulatory filings.
👉 Explore Mogo’s innovative financial solutions
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