Bitcoin Well Announces Extension Of Private Placement Offering And Anticipated Second Tranche

Executive Summary

• The TSX Venture Exchange granted Bitcoin Well Inc. a thirty‑day extension to complete its private placement of units at C$0.102 per unit.
• The company now expects to close the second tranche of the offering on or before 28 November 2025.
• Net proceeds will be used to add to the strategic Bitcoin reserve, fund working capital and for general corporate purposes.

Key Details

• Extension Granted: Thirty‑day extension by TSX Venture Exchange to finalize the private placement.
• Offering Price: C$0.102 per unit.
• Second Tranche Closing Date: On or before 28 November 2025 (previously anticipated earlier).
• Use of Proceeds:
• Further additions to Bitcoin reserve.
• Working capital.
• General corporate purposes.
• Offering Structure: Private placement of units (each unit consisting of one common share and a warrant, as described in the September 29 2025 release).
• Regulatory Notice: The securities are not registered under U.S. securities laws and may not be offered or sold to U.S. persons unless exempt or registered.

Notable Quotes

(No executive quotes were included in this release.)