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  • Bitcoin Well ($BTCW) | The Bitcoin Super Company

Bitcoin Well ($BTCW) | The Bitcoin Super Company

The Publicly-Traded Company Enabling Bitcoin Independence in North America, Bitcoin ATMs, a Bitcoin Online Portal, and More.

March 07, 2024

Bitcoin Well (TSXV:BTCW) is a rapidly growing Bitcoin platform on a mission to enable independence by making Bitcoin easier to use.

The public company’s platform enables users in Canada and the United States to buy, sell and use bitcoin faster and safer through self-custody.

Bitcoin Well’s ecosystem of online and in-person businesses focus on coupling the benefits of Bitcoin with the convenience of modern banking to fulfill their vision of becoming The Bitcoin Super Company.

Capital Snapshot:

Bitcoin Well’s shares are traded on the TSX Venture Exchange (TSXV) under the symbol ‘BTCW’ and on the US OTC Exchange under the symbol ‘BCNWF’.

Bitcoin Well has a current market capitalization of approximately $40 million (CAD).

Company Highlights:

  • Bitcoin Well runs two businesses: a Bitcoin ATM network and an online Bitcoin Portal.

  • The Bitcoin ATM network was established in 2014, and currently has over 190 locations across Canada which charge a 10-20% transaction fee.

  • The Bitcoin Portal is active in both Canada and the United States, and has signed up over 13,000 active users. Bitcoin Well charges a 1% fee on all portal transactions.

  • The Portal was made available to all 50 US states in February 2024.

  • 148% unique user growth for the Bitcoin Portal since May 2023, with a record number of new signups in February 2024 (over 1,200).

Bitcoin Well has developed a circular ecosystem for individuals to be able to do more than just purchase Bitcoin, including the ability to use Bitcoin to pay bills within Canada and easily convert Bitcoin back to fiat currency through bank transfers within North America.

Overview: Self Custody

Self-custody is at the centre of Bitcoin Well’s strategy, and refers to the practice of users holding and managing their own Bitcoin directly, rather than relying on third parties like exchanges or wallet services.

Self-custody grants individuals full control and responsibility over their assets, enhancing security, privacy, and reducing risks associated with third-party failures, which have been the source of many notable downfalls of other popular Bitcoin exchanges.

For company specific questions, request an introduction to connect with Bitcoin Well CEO Adam O’Brien.

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