Financings

Bitcoin Well sets up debt settlement, talks ATM program

By The Northwire Desk — AI Analysis Oct 01, 2025 · 18:21 BTCW · 0.145 Bitcoin Well Inc

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Bitcoin Well settled $212,599 of debt by issuing a total of 1,662,427 common shares at deemed prices of $0.145 and $0.116 per share.
In the quarter ended Sept. 30 2025, the company issued 262,000 shares under its ATM program, raising gross proceeds of $49,411 (net $47,445) to fund working capital and bitcoin purchases.
Year‑to‑date ATM activity totals 1,962,000 shares for $289,249 gross proceeds (net $278,213).

Debt Settlement:
Total indebtedness as of Sept. 30 2025: $212,599.
Settlement via share issuance:
- $98,787 settled by issuing 681,290 shares at a deemed price of $0.145 per share.
- $113,812 settled by issuing 981,137 shares at a deemed price of $0.116 per share.
Settlement subject to TSX Venture Exchange approval and statutory hold period (4 months + 1 day).
Related‑Party Transaction:
A director’s wholly owned subsidiary participated in the settlement; transaction qualifies for MI 61‑101 exemptions because fair market values do not exceed 25 % of market capitalization.
Quarterly ATM Program Update (Q3 2025):
Shares issued: 262,000 on TSX Venture Exchange.
Average issue price: $0.19 per share.
Gross proceeds: $49,411; commissions & costs: $1,966; net proceeds: $47,445.
Use of proceeds: general working capital and purchase of bitcoin for treasury strategy.
Year‑to‑Date ATM Activity (as of Sept. 30 2025):
Total shares issued under ATM: 1,962,000.
Average issue price: $0.15 per share.
Gross proceeds: $289,249; commissions & costs: $11,036; net proceeds: $278,213.
ATM Program Capacity: Allows issuance of up to $5 million of treasury shares at the company’s discretion under an equity distribution agreement with Haywood Securities Inc., launched March 28 2025.

(No direct quotes provided in the release.)

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