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Bitcoin Well Inc
(BTCW)
Bitcoin Well Inc (BTCW) vs. iShares MSCI Canada ETF (EWC)
Bitcoin Well Inc Business Overview & Revenue Model
Bitcoin Well Inc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 114.97M | 90.51M | 54.53M | 66.73M | 99.61M | 51.97M |
| Gross Profit | 4.57M | 3.97M | 4.83M | 4.42M | 5.17M | 7.29M |
| EBITDA | -8.44M | -14.56M | -8.08M | -1.32M | -12.22M | 2.48M |
| Net Income | -11.65M | -17.78M | -12.02M | -5.99M | -13.60M | -2.74M |
Balance Sheet | ||||||
| Total Assets | 26.14M | 28.02M | 14.91M | 14.02M | 23.56M | 12.12M |
| Cash, Cash Equivalents and Short-Term Investments | 23.12M | 25.25M | 11.89M | 9.95M | 13.40M | 4.05M |
| Total Debt | 39.08M | 39.55M | 23.12M | 18.86M | 15.91M | 11.60M |
| Total Liabilities | 40.12M | 41.02M | 24.06M | 19.86M | 17.57M | 13.00M |
| Stockholders Equity | -13.98M | -12.99M | -9.15M | -5.83M | 5.99M | -872.20K |
Cash Flow | ||||||
| Free Cash Flow | -5.27M | -3.07M | -3.56M | -9.79M | -5.06M | -7.41M |
| Operating Cash Flow | -5.26M | -3.07M | -3.56M | -9.08M | -2.43M | -5.72M |
| Investing Cash Flow | 3.77M | 1.07M | 78.20K | -720.86K | -3.12M | -1.89M |
| Financing Cash Flow | 1.62M | 3.21M | -1.89M | 8.94M | 6.30M | 10.49M |
Bitcoin Well Inc Technical Analysis
Bitcoin Well Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | C$125.82M | ― | -0.89% | ― | -20.75% | -84.00% | |
52 Neutral | $109.75M | ― | -14.48% | ― | 24.20% | -3756.52% | |
46 Neutral | C$36.76M | ― | -102.00% | ― | 34.56% | -161.07% | |
44 Neutral | C$6.35M | ― | -88.13% | ― | -84.15% | -5.79% | |
43 Neutral | C$42.73M | 1.91 | -40.39% | ― | 76.55% | -521.32% | |
41 Neutral | C$18.13M | ― | ― | ― | 73.03% | 25.25% |
Bitcoin Well Inc Corporate Events
Bitcoin Well Inc. has announced the addition of approximately 1.246 bitcoin to its treasury, using funds from a recent financing round. This acquisition brings the company’s total bitcoin reserve to 69 BTC, reflecting its commitment to strengthening its position in the cryptocurrency market and enhancing its financial strategy.
Bitcoin Well Inc. has expanded its bitcoin treasury by purchasing approximately 13.12 bitcoins at an average price of $113,981 USD, using $2.1 million CAD from recent financing. This acquisition elevates the company to the top 115 global holders of bitcoin and top 15 in Canada, reflecting its ambition to lead in the Productive Bitcoin Treasury market by integrating bitcoin financial services with its holdings.
Bitcoin Well Inc. has expanded its bitcoin reserve by purchasing approximately 12.26 bitcoins for $2,100,000 CAD, elevating its position on the Bitcoin Treasury leaderboard to the top 120 globally and top 15 in Canada. The company plans to use most of the proceeds from its recent private placement to acquire more bitcoin, which could strengthen its market position and appeal to stakeholders interested in the growing cryptocurrency sector.
Bitcoin Well Inc. has announced the settlement of C$212,599 debt through the issuance of common shares, subject to TSX Venture Exchange approval. This move is part of their strategy to manage financial obligations while maintaining operational flexibility. Additionally, the company provided an update on its at-the-market equity program, which has raised C$289,249 year-to-date, with net proceeds intended for general working capital and bitcoin purchases. These actions reflect Bitcoin Well’s ongoing efforts to strengthen its financial position and support its Bitcoin Treasury Strategy.
Bitcoin Well Inc. has expanded its bitcoin reserve by acquiring 31.36 bitcoins at an average price of $113,314 USD. This purchase increases their total holdings to 42.36 BTC. The company plans to use proceeds from a recent private placement to further increase its bitcoin reserves, reflecting its commitment to strengthening its position in the cryptocurrency market.
Bitcoin Well Inc. announced a private placement offering of up to US$100 million, with the first tranche closing at approximately C$12.5 million. This move is intended to enhance the company’s position in the bitcoin industry by significantly increasing its bitcoin treasury, which is expected to grow by over 700%. The offering includes common shares and warrants, and the company plans to use the proceeds for strategic bitcoin reserves and general corporate purposes. Additionally, Bitcoin Well is planning structural changes in its board and share structure, subject to shareholder and regulatory approvals, to support its growth and potential uplisting to a senior exchange.
Bitcoin Well Inc. has issued a total of 870,806 common shares as payment for services under a sponsorship agreement with Energon Entertainment LLC, operating as Simply Bitcoin. This strategic move, approved by the TSX Venture Exchange, reflects Bitcoin Well’s ongoing efforts to leverage partnerships to enhance its market presence and operational capabilities.
Bitcoin Well Inc. reported a significant increase in revenue for Q2 2025, with a 38% year-over-year growth to $32.1 million, driven by substantial growth in its Online Bitcoin Portal and Bitcoin Well Infinite segments. Despite a net loss of $4.2 million, the company showed improvements in gross profit and adjusted EBITDA, highlighting efficient operations and strategic investments in marketing and advertising to foster growth.
Bitcoin Well Inc. has launched a daily recurring bitcoin buy feature in Canada, allowing customers to schedule bitcoin purchases directly to their personal lightning wallets. This enhancement aims to improve transaction speed and user convenience, with transactions now taking less than a second. The company has also renewed its sponsorship agreement with Simply Bitcoin, a media and podcast platform, to enhance brand visibility and community engagement. The agreement includes a mix of cash and equity compensation, with Simply Bitcoin providing advertising and marketing services to boost Bitcoin Well’s market presence.