Financings

Bitcoin Well Announces Debt Settlement and Quarterly ATM Program Update

By The Northwire Desk — AI Analysis Oct 01, 2025 · 08:10 BTCW · 0.145 Bitcoin Well Inc.

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Bitcoin Well settled C$212,599 of debt by issuing a total of 1,662,427 common shares at deemed prices of C$0.145 and C$0.116 per share, pending TSXV approval.
In the quarter ended September 30 2025, the Company issued 262,000 shares under its ATM Program, raising gross proceeds of C$49,411 (net C$47,445) at an average price of C$0.19 per share.
Year‑to‑date ATM activity has generated C$289,249 in gross proceeds (net C$278,213) from 1,962,000 shares issued at an average price of C$0.15 per share; proceeds are earmarked for working capital and Bitcoin treasury purchases.

Debt Settlement – Portion 1:
Amount settled: C$98,787
Shares issued: 681,290
Deemed price: C$0.145 per share
Debt Settlement – Portion 2:
Amount settled: C$113,812
Shares issued: 981,137
Deemed price: C$0.116 per share
Total Debt Settled: C$212,599 (entire outstanding debt as of September 30 2025) via share issuance.
Related‑Party Participation: A director’s wholly owned subsidiary participated in the settlement; transaction qualifies as a related‑party transaction under MI 61‑101 but is exempt from formal valuation and minority approval because it does not exceed 25 % of market capitalization.
TSXV Approval Requirement: Settlement subject to TSXV consent and statutory hold period of four months + one day.
Quarterly ATM Program Activity (Q3 2025):
Shares issued: 262,000
Average issue price: C$0.19 per share
Gross proceeds: C$49,411
Commissions/Costs: C$1,966
Net proceeds: C$47,445
Year‑to‑Date ATM Program Activity (as of Sept 30 2025):
Shares issued: 1,962,000
Average issue price: C$0.15 per share
Gross proceeds: C$289,249
Commissions/Costs: C$11,036
Net proceeds: C$278,213
Use of ATM Proceeds: General working capital and purchase of Bitcoin for the Company’s Treasury Strategy.

(No direct quotes were provided in the release.)

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