Bitcoin Well Inc. Reports Strong U.S. Market Growth and Debt Settlement Update

Bitcoin Well Inc. Reports Strong U.S. Market Growth and Debt Settlement

Edmonton, Alberta – April 6, 2026 – Bitcoin Well Inc. (TSXV: BTCW, OTC: BCNWF; OTCQB: BCNWF), a pioneering non-custodial bitcoin platform, has announced significant developments in its U.S. market strategy, showcasing promising early indicators of product-market fit and a robust growth trajectory.

U.S. Market Expansion

The company’s Bitcoin Portal has gained substantial traction in the United States, generating over $9 million in transaction volume from January 2025 to March 2026. The user base has surged from approximately 11,000 registered users in 2024 to over 20,000 as of March 31, 2026. Notably, customers who complete their first transaction exhibit remarkable loyalty, with repeat transaction rates exceeding 65%.

Adam O’Brien, founder and CEO of Bitcoin Well, emphasized the company’s unique position in the market: “The U.S. opportunity is right in front of us. As the only non-custodial bitcoin platform in the USA, we can see our differentiator bearing fruit. Our focus in 2026 is simple: get more U.S. customers through the door, and let the product do the rest.”

Conversion and Revenue Potential

Management identifies a significant growth opportunity in converting registered users into active customers, with only 10% of the growing U.S. user base having completed an initial transaction. The company aims to optimize its onboarding process to enhance customer activation. Internal metrics reveal that over 60% of repeat customers initiate their second transaction within a week, indicating a potential for compounding recurring revenue as conversion rates improve.

Financial Updates

In addition to its growth strategy, Bitcoin Well has announced a debt settlement involving $202,358 owed to creditors. The company plans to settle $88,545 by issuing 1,106,815 common shares at a deemed price of $0.08 per share, and $113,813 by issuing 1,778,320 shares at $0.064 per share. This settlement is pending approval from the TSX Venture Exchange (TSXV).

Furthermore, Bitcoin Well provided an update on its at-the-market (ATM) equity program, which allows the company to issue and sell up to $5 million in shares. In the quarter ending March 31, 2026, the company issued 850,000 shares at an average price of $0.12, generating gross proceeds of $102,328.

Looking Ahead

Bitcoin Well remains committed to its mission of enabling financial independence through bitcoin. The company’s existing Bitcoin ATM and online portal business units are designed to provide everyday people with the convenience of modern banking alongside the benefits of cryptocurrency.

For more information, investors and media can contact Adam O’Brien at 1-888-711-3866 or via email at ir@bitcoinwell.com.

As Bitcoin Well continues to navigate the evolving landscape of cryptocurrency, its focus on customer engagement and market expansion positions it for a promising future in the U.S. market.

Disclaimer: This news release contains forward-looking information that may involve risks and uncertainties. Actual results may differ materially from those anticipated.

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