Bitcoin Well Adds to Bitcoin Treasury

Executive Summary

• Bitcoin Well used $2.1 M CAD from its recently closed private‑placement financing to purchase approximately 12.26 BTC at an average price of US$122,572 (CAD $171,191) per bitcoin.
• The acquisition raises the company’s total bitcoin reserve to roughly 54.62 BTC, with an overall average purchase price of US$112,890 (CAD $156,721).
• Management indicated that most of the remaining proceeds from the first tranche of the private placement will be directed toward additional bitcoin purchases in the coming weeks.

Key Details

• Financing source: Proceeds from a recently closed private‑placement financing (first tranche).
• Amount deployed for purchase: CAD $2,100,000.
• Bitcoin acquired: ~12.26 BTC.
• Average acquisition price: US$122,572 per BTC / CAD $171,191 per BTC.
• Total bitcoin holdings after purchase: Approximately 54.62 BTC.
• Overall average cost of held bitcoin: US$112,890 per BTC / CAD $156,721 per BTC.
• Future allocation plan: Majority of the remaining first‑tranche proceeds will be used to buy more bitcoin over the next weeks.

Notable Quotes

“We are climbing the Bitcoin Treasury leaderboard according to bitcointreasuries.net,” said Adam O’Brien, founder and CEO. “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.”