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Fintech Firm Mogo Forms Ventures Unit to Manage Its Mostly Crypto-Related Investments
Among Mogo’s investments are a 39% stake in crypto exchange Coinsquare, and holdings of bitcoin and ether.
Updated May 11, 2023, 7:11 p.m. Published Mar 23, 2022, 3:27 p.m.
Canadian fintech company Mogo (MOGO) created Mogo Ventures to manage its C$124 million (US$99 million) investment portfolio.
- Mogo Ventures will be led by Mogo CEO Greg Feller, along with a newly formed investment committee helmed by veteran investor and trader Michael Wekerle, according to a company statement.
- Of the C$124 million portfolio, C$103.8 million is from a 39% stake in Canadian crypto exchange Coinsquare. There’s also C$1.7 million of bitcoin and ether holdings. Investments in crypto and Web 3 platforms such as Gemini, NFT Trader and Tetra Trust, as well as stakes in Enthusiast Gaming (EGLX) and Eleven Gaming account for the remainder.
- Mogo’s shares are up nearly 20% in Nasdaq trading on Wednesday following the company reporting a 70% year-over-year gain in revenue in Q4 to a record C$17 million, as well as a buyback plan of up to $10 million in stock.
- “While our primary focus is to invest in our platform and new products, the market volatility may continue to present attractive buying conditions periodically,” Feller said in the earnings statement. “Our strong balance sheet puts us in a position to take advantage of those situations on behalf of our shareholders.”
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
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