BTCW:CC - Bitcoin Well Announces the Ability to Sell Bitcoin Directly from Self Custody and 2024 Annual General and Special Meeting Results

(TheNewswire)

Edmonton, Alberta – TheNewswire - July 3, 2024 – Bitcoin WellInc. (“ Bitcoin Well ” or the “ Company ”)( TSXV: BTCW ) ; ( OTCQB: BCNWF ), thenon-custodial bitcoin business on a mission to enable independenceannounces Auto Convert bitcoin addresses, which will give customers inthe USA the ability to automatically convert bitcoin in their personalbitcoin wallets to dollars in their bank accounts in one singleaction, as well as the results from the Annual General and SpecialMeeting results.

Key highlights

• Aut Convert bitcoin addresses are available today forall Bitcoin Well customers across all 50 states

• Personal “Auto Convert” bitcoin address willautomatically convert all bitcoin to dollars and deposit them directlyto the customer’s linked bank account

• All transactions confirmed on the blockchain before 3pmEST will be deposited into the customer’s bank same businessday

• All transactions after 3pm EST will be deposited intothe customer’s bank the next business day

About Auto Convertbitcoin addresses

Bitcoin Well customers in the USA can now benefit fromthe same Auto Convert bitcoin address that Bitcoin Well customers inCanada have been using. Now, every Bitcoin Well customer can login totheir Bitcoin Well account at bitcoinwell.com/app , navigate tothe new “Sell” page and there they will see their Auto Convertbitcoin address. This Auto Convert bitcoin address will be specificand unique to each customer.

All bitcoin sent to this Auto Convert bitcoin addresswill be automatically converted to dollars, and the dollars will beautomatically deposited to their bank account. This means a BitcoinWell customer can sell bitcoin in their personal bitcoin walleteasily, without even logging into their Bitcoin Well account.

“The Auto Convert address is another innovation byBitcoin Well,” said Adam O’Brien, founder and CEO of Bitcoin Well.“We want to couple the convenience of modern banking with thebenefits of bitcoin. Now anyone can quickly capitalize on the bitcoinprice volatility, while still protecting their bitcoin in selfcustody, thanks to Auto Convert bitcoin addresses.”

Roughly 30% of the volume on the Bitcoin Portal inCanada is from customers selling bitcoin. The Company is hopeful thatthe Bitcoin Portal in the USA will have similar usage within the firstfew months.

Annual General andSpecial Meeting Results

The company is also pleased to announce the votingresults from the annual general and special meeting (the“Meeting”) of the Company’s shareholders held on June 24, 2024.Shareholders voted in favor of all resolutions presented at theMeeting, including re-election of the Company’s directors. Thedetailed results of the vote are set out below:In addition to theelection of directors, shareholders also set the size of the Board ofDirectors at four, re-appointed Kingston Ross Pasnak LLP, CharteredProfessional Accountants, as the Company’s auditor and approved theadoption of the Company’s omnibus equity incentive plan. Foradditional information concerning the Meeting and the matters approvedby shareholders, please refer to the Company’s information circulardated May 15, 2024, a copy of which is available on the Company’sSEDAR+ profile at www.sedarplus.ca.

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.

Join our investor community and follow us on Nostr , , and tokeep up to date with our business.

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

ir@bitcoinwell.com

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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