Bitcoin Well Schedules Live Shareholder Address and Q&A for Thursday, March 28 - Seite 2

Lastly, the Company will be using a portion of the proceeds from the recently announced oversubscribed financing to sponsor industry conferences in both Canada and USA. The Company has already committed to both “Bit Block Boom” - a bitcoin focused conference in April held in Texas, and the “Bitcoin Rodeo” - a bitcoin focused conference in July held in Calgary. The Company is currently in discussions with at least two other industry conferences.

Bitcoin Super Company

As we continue to build out the Bitcoin Portal in both Canada and the USA, the power of the ecosystem is starting to show and take shape. We are actively exploring how the Bitcoin ATMs can facilitate transactions between CAD and USD on the portal, as well as the interoperability between the Canadian and USA segments of the Bitcoin Portal. The Bitcoin Well vision of a true bitcoin super company will require an emphasis on interoperability in Canada and the USA with Bitcoin ATMs functionality as a key enabler of the ecosystem, something not yet possible via any platform in North America. As we see our customers become more privacy conscious, the ecosystem of Bitcoin ATMs will give us a very clear differentiation.

We have also been contemplating adding a bitcoin payments wallet as part of our ecosystem. This wallet would be the core of the Bitcoin Well mission to enable independence. Preliminary product plans for this would include:

• Card integration
• Self custody bitcoin wallet
• Lightning wallet functionality
• Social media integrations
• Simple integration with the Bitcoin Portal, which would give access to:
  • Buy bitcoin directly from bank
  • Sell bitcoin directly to bank
  • Pay household bills with bitcoin
  • Buy gift cards with bitcoin
  • And more

There is currently no timeline or budget set for development to commence or be delivered. With the exception of the card integration, we do not believe the bitcoin payments wallet would be a big financial or technical undertaking. The Company will provide updates to budget and timeline as they solidify.

Operation Toro

Since announcing “Operation Toro” the team at Bitcoin Well has been developing the Bitcoin Portal and other initiatives at a pace of approximately 70% greater efficiency. We use a metric called “story points” to determine this. Prior to Operation Toro our team was developing at a rate of ~2.67 story points per developer day of work. Since announcing Operation Toro the team is developing at a rate of ~4.57 story points per developer day of work. This improvement is the result of increased working hours as we navigate through the increased demand for our products and services.