Bitcoin Well Provides Preliminary Year End Update and Bitcoin Super Company Vision - Seite 2

“I envision a world where people can put cash into one of our Bitcoin ATMs in Canada and have it show up in their friend’s bank account in the USA. Or a foreign worker can send an e-Transfer through the Bitcoin Portal in Canada and have it received by their family in their local currency in their home country. My vision for Bitcoin Well isn’t just to allow people to buy and sell bitcoin, but rather that Bitcoin Well will give people an opportunity to learn about, and use bitcoin as a tool in their quest to achieve independence.”

“I call it,” Adam continued “the Bitcoin Super Company”.

Product growth and user count

Unaudited Bitcoin ATM revenue in Q4 was $8.1 million (8% increase from Q4 2022). This is in line with our projected forecasts. We expect nominal growth from our Bitcoin ATMs as our focus continues to transition to the more scalable Bitcoin Portal (online) in both Canada and the USA.

Unaudited Bitcoin Portal revenue in Q4 was $7.6 million (59% increase from Q3 2023). The majority of this volume is from the Canadian market. We are expecting continued growth to the Bitcoin Portal as the market continues to crave a non custodial bitcoin experience in both Canada and the USA. We are expecting our USA customer signups and sales volumes to increase significantly as we are now eligible to serve customers in all 50 states in the USA.

We expect customer growth to the Bitcoin Portal to continue or expedite alongside a bolstered marketing budget for 2024.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

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Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, please contact:
Adam O’Brien - CEO
Tel: [phone]
[e-mail]

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