Bitcoin Well Adds to Bitcoin Treasury

Executive Summary

• Bitcoin Well used CAD 2,100,000 from its recently closed financing round to purchase approximately 13.12 BTC at an average price of US$113,981 (CAD 160,059) per bitcoin.
• The acquisition raises the company’s total bitcoin reserve to roughly 67.80 BTC, with an overall average purchase price of US$112,554 (CAD 157,936).
• Management highlights the purchase as a “dip‑buy” that improves the firm’s ranking among global corporate bitcoin holders and supports its vision of becoming a leading “Productive Bitcoin Treasury” company.

Key Details

• Financing Utilization: CAD 2.1 M from the closed financing was allocated to acquire additional bitcoin.
• Purchase Volume & Pricing: ~13.12 BTC bought at an average price of US$113,981 (CAD 160,059) per BTC.
• Total Reserve Post‑Purchase: Approximately 67.80 BTC now held by Bitcoin Well.
• Average Cost Basis of Entire Reserve: US$112,554 (CAD 157,936) per BTC.
• Strategic Positioning: CEO Adam O’Brien states the purchase moves the company from the top 120 to the top 115 globally in corporate bitcoin holdings and keeps it within the top 15 in Canada.
• Vision Statement: The acquisition supports the “Productive Bitcoin Treasury” model, combining bitcoin financial services with a sizable on‑balance‑sheet bitcoin holding.

Notable Quotes

“We bought the dip and continue to climb the Bitcoin Treasury leaderboard… today we are in the top 115 in the world, and remain in the top 15 in Canada, thanks to this recent purchase.” – Adam O’Brien, Founder & CEO

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