Mogo Buys Back 2% of Shares, Ties Future Capital Moves to Bitcoin Performance

Mogo Inc. ("Mogo" or the "Company") (NASDAQ:MOGO, TSX:MOGO), a Canadian financial technology company offering solutions across wealth, lending, and payments, today announced that it repurchased approximately 2% of its currently issued and outstanding shares during the second quarter of 2025 under its previously announced NASDAQ buyback program.

During the quarter, the Company repurchased 523,091 common shares at an average price of approximately US$1.44 per share. The shares were purchased for cancellation, reducing the total number of shares outstanding to approximately 24 million as of June 30, 2025.

"This repurchase activity reflects our continued commitment to disciplined capital allocation and long-term shareholder value," said Greg Feller, President & Co-Founder. "We view share buybacks as a strategic use of capital when we believe our stock is trading meaningfully below intrinsic value."

Bitcoin Hurdle Rate Now Guides Capital Deployment

In alignment with the Company's recently announced Bitcoin treasury strategy, all future capital allocation decisions, including share repurchases, will be evaluated against a Bitcoin hurdle rate. Under this framework, capital will only be deployed into opportunities expected to outperform the long-term return profile of holding Bitcoin.

"If we believe repurchasing our shares offers greater long-term value than holding Bitcoin, we will act accordingly," added Greg Feller. "If not, we will preserve capital or continue building our Bitcoin reserve."