Original News Release
Bitcoin Well purchases 12.26 more bitcoin for $2.1M
Mr. Adam O'Brien reports
BITCOIN WELL ADDS TO BITCOIN TREASURY
Bitcoin Well Inc. has used $2.1-million from the recently closed financing to acquire approximately 12.26 bitcoin at an average price of $122,572 (U.S.)/$171,191 to add to its bitcoin reserve. The company now holds a total of approximately 54.62 BTC (bitcoin) in its bitcoin reserve, purchased at an average purchase price of $112,890 (U.S.)/$156,721.
"We are climbing the bitcoin treasury leaderboard according to bitcointreasuries.net," said Adam O'Brien, founder and chief executive officer of the company. "Last week we were in the top 150 companies holding bitcoin, today we are in the top 120 in the world and the top 15 in Canada, thanks to this recent purchase."
Over the coming weeks, the company plans to allocate the majority of the proceeds of the first tranche of its recently announced private placement to buy more bitcoin.
About Bitcoin Well Inc.
Bitcoin Well is on a mission to enable independence. The company does this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. The company likes to think of it as future-proofing money. The company's existing bitcoin ATM and on-line bitcoin portal business units drive cash flow to help finance this mission.
We seek Safe Harbor.
View at source ↗