(TheNewswire)
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Edmonton, Alberta January 3, 2025 TheNewswire – Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces that it has purchased approximately 2.469 bitcoin at an average price of CAD$141,373 to add to their bitcoin reserve. The Company holds 10.000 BTC at year end, purchased at an average price of CAD$137,738.50.
Further, the Company announces a record setting 2,700 new customer registrations in December (+60% compared to September 2024) and over 2,400 new customer registrations in November (+47% compared to August 2024). In aggregate in Q4 2024 the Company added over 7,000 new customer registrations (+45% Quarter over Quarter growth compared to Q3 2024).
Lastly, the Company achieved over CAD$5,000,000 in transaction volume on the Bitcoin Portal in Canada in December 2024 (+13% over November’s approximately CAD$4,400,000 in transaction volume). The Company achieved consolidated transaction volume of approximately CAD$13,000,000 in Q4, a 37% Quarter over Quarter increase compared to Q3 2024.
‘I am very pleased with our growth to close out the year,’ said Adam O’Brien, founder and CEO of Bitcoin Well. ‘We continue to see success as our team delivers monthly, quarterly and yearly growth. Now, with 10 bitcoin on the Company’s balance sheet I am expecting an excellent year for our team, our customers and our shareholders.’
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
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Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O’Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook and its preliminary unaudited revenue. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
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