BTCW:CC - Bitcoin Well Announces 87% Quarterly Growth in Q2 on the Bitcoin Portal
(TheNewswire)
Edmonton, Alberta – TheNewswire - July 10, 2024 – Bitcoin WellInc. (“ Bitcoin Well ” or the “ Company ”)( TSXV: BTCW ) ; ( OTCQB: BCNWF ), thenon-custodial bitcoin business on a mission to enable independence,today announces that Bitcoin Portal volumes have grown by over 87% inQ2 2024 (CAD ~$16.85 million) compared to Q1 2024 (CAD ~$9million) . With Bitcoin Portal volumes in the USAgrowing by over 260% in Q2 (CAD ~$0.4 million) compared to Q1 2024 (CAD~$0.11 million) .
“The Bitcoin Portal has shown tremendous growth andstrength in the first half of 2024,” said Adam O’Brien, founderand CEO of Bitcoin Well. “We are also excited about the second halfof the year as our advertising and partnerships continue to drive newcustomers seeking independence and non-custodial ways to buy and sellbitcoin.”
Notably, in June 2024, a singlecustomer transacted CAD $2 million on the Bitcoin Portal. Thenormalized Canadian volume in June, excluding this customer, was CAD~$4.7 million.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. Wedo this by making bitcoin useful to everyday people to give them theconvenience of modern banking and the benefits of bitcoin. We like tothink of it as future-proofing money. Our existing Bitcoin ATM andOnline Bitcoin Portal business units drive cash flow to help fund thismission.
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Bitcoin Well contact information
To book a virtual meeting with our Founder & CEOAdam O’Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, pleasecontact:
Adam O’Brien
Tel: 1 888 711 3866
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease .
Forward-lookinginformation
Certain statements contained in thisnews release may constitute forward-looking information, which isoften, but not always, identified by the use of words such as"anticipate", "plan", "estimate","expect", "may", "will","intend", "should", or the negative thereof andsimilar expressions. All statements herein other than statements ofhistorical fact constitute forward-looking information including, butnot limited to, statements in respect of Bitcoin Well’s businessplans, strategy and outlook. Forward-looking information involvesknown and unknown risks, uncertainties and other factors that maycause actual results or events to differ materially from thoseanticipated in such forward-looking information including, but notlimited to, the risk factors described in Bitcoin Well’s annualinformation form and management’s discussion and analysis for theyear ended December 31, 2023. Forward-looking information should notbe unduly relied upon. Any forward-looking information contained inthis news release represents Bitcoin Well’s expectations as of thedate hereof and is subject to change. Bitcoin Well disclaims anyintention or obligation to revise any forward-looking information,except as required by applicable securities legislation.
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