Bitcoin Well buys 13.12 more bitcoin for $2.1-million

Executive Summary

• Bitcoin Well Inc. deployed $2.1 million of recently closed financing to purchase approximately 13.12 BTC at an average price of $113,981 (U.S.)/$160,059 (CAD).
• The acquisition raises the company’s total bitcoin reserve to roughly 67.80 BTC, with an overall average purchase price of $112,554 (U.S.)/$157,936 (CAD).
• Management highlighted the buy‑the‑dip strategy and noted the company’s improved ranking on global bitcoin treasury leaderboards.

Key Details

• Financing Utilization: $2.1 million from a previously closed financing round was allocated to acquire additional bitcoin.
• Purchase Volume & Pricing: Approximately 13.12 BTC were bought at an average price of $113,981 per BTC (U.S.) and $160,059 per BTC (CAD).
• Total Treasury Position: Post‑purchase holdings now total ~67.80 BTC. The blended average purchase price for the entire treasury is $112,554 (U.S.) / $157,936 (CAD).
• Leaderboard Impact: Bitcoin Well moved from the top 120 to the top 115 companies globally holding bitcoin and remains in the top 15 within Canada, according to bitcointreasuries.net.
• Strategic Rationale: CEO Adam O'Brien emphasized a “buy‑the‑dip” approach and positioned the company as a leader in the emerging “productive bitcoin treasury” market, combining operational cash flow with bitcoin accumulation.

Notable Quotes

"We bought the dip and continue to climb the bitcoin treasury leaderboard according to bitcointreasuries.net," – Adam O'Brien, Founder & CEO.
"I believe the [market] premium belongs to companies that generate value through an operating business and use that production to accumulate bitcoin." – Adam O'Brien, Blog post “Project Pilot: Redefining the Bitcoin Treasury Company.”