From Nasdaq: 2025-02-28 07:30:00

(NASDAQ: MOGO) is a Canadian company that offers a mobile app for trading, credit monitoring, identity fraud protection, and more. Mogo recently announced its plans to authorize a share repurchase program of up to $10 million for the purchase of shares and/or Bitcoin.

The company has a history of supporting Bitcoin, offering a service that allows members to earn cash back in Bitcoin and the ability to buy and sell Bitcoin through their app. CEO Greg Feller has been quoted saying that they are “big believers in Bitcoin” and that they are “the first company in Canada to launch a Bitcoin rewards program.”

Mogo (NASDAQ: MOGO) offers mobile wealth platforms for a monthly fee, including a self-directed investing app and a private wealth manager app. With a recent investment of up to $5 million in Bitcoin and Bitcoin ETFs, the stock surged to $2.25 before dropping to $1.15 by February 21, 2025.

In Q3 2024, Mogo reported a 7 cent EPS loss as revenues grew 8.28% to $12.69 million. Membership reached 2.17 million, up 4% YoY. Carta Worldwide processed nearly $3 billion in payment volume, and assets under management in Wealth businesses grew to $409 million.

CFO Greg Feller highlighted the company’s crypto-related investments, including stakes in WonderFi and Gemini, with a total value of $0.58 per Mogo share. These crypto investments represent about 42% of the company’s share value. MarketBeat identified five top-rated stocks recommended by analysts for investors to consider.



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