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Bitcoin Well Inc BCNWF


Primary Symbol: V.BTCW

Bitcoin Well Inc. is a Canada-based company engaged in the non-custodial bitcoin business. It makes bitcoin useful to everyday people to give them the convenience of modern banking. The company operates two business units, consisting of Bitcoin ATMs and the Non-custodial bitcoin platform (Online Bitcoin Portal). The Bitcoin ATM business unit operates a fleet of approximately 190 Bitcoin ATMs placed and operating throughout Canada. The Online Bitcoin Portal platform offers customers the fastest and safest way to buy, sell and use bitcoin online in Canada and the United States of America. This business unit is designed to offer bank-like functionality coupled with the benefits of bitcoin. Its products include ATM, OTC, Buy bitcoin, ell, bitcoin, Use bitcoin, E-transfer, Cash Vouchers, Bitcoin Well Agent, and Bitcoin Well affiliate. Its smash buy provides services to buy real bitcoin instantly and send dollars from your bank and receive bitcoin on the blockchain as soon as it arrives.


TSXV:BTCW - Post by User

Post by Oldschool2022on Dec 22, 2023 2:25am
223 Views
Post# 35797113

Bitcoin Well price comparison to DMGI.

Bitcoin Well price comparison to DMGI.
  1. Bitcoin Well has Bitcoin ATM’s and online services with 9 month revenue of $40.9 million and a loss of $6.5 million in that timeframe. DMGI Blockchain Solutions is a Bitcoin miner trading at .52 and has 9 month revenue of $22.9 million and a loss of $13.7 million. We have a market cap of $10 million and DMGI has a market cap of $87.4 million. I’m basing this calculation on revenue and market cap. Bitcoin Well trades at 1/8 of the market cap of DMGI and we have almost double the revenue. Based on these facts comparing the 2 companies 8X2= 16 X .05 (share price) gives us a comparable price of .80 per share for Bitcoin Well based on 1/8 the price of market cap and 2 times the revenue of DMGI. This gives DMGI 16 times higher multiple. Not sure if I lost you on my calculations. Even if we dropped the valuation in 1/2 it would still value Bitcoin Well at .40 per share. Now trading at .05 per share. It seems like we have some catching up in price compared to DMGI. When Bitcoin crosses $45,000 I think we will move to the next trading range. Cheers!!
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