Bitcoin Well Inc V.BTCW

Alternate Symbol(s): BCNWF

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.

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Bitcoin Well Inc

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Post by Fishercat1on Feb 23, 2024 3:59pm

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Post# 35896417

Great Info From CEO . Cheers .

 		@adam_btcw @ngmi sorry I missed your questions - 1. We compare ATM revenue YoY because that is the stable business unit which follows seasonal patterns and we haven't been deploying new machines (other than the partner program). But we compare the portal (which is a high growth business unit) QoQ because it gives a better indication of growth. Our Portal volume is significantly increased from last year Q4.. because we launched it in Q4 last year. So comparing volumes with that much time in between is disingenuous 2. Lots of expenses cut in Q4. We intentionally didn't include expenses because we are going through our YE audit so we don't have complete audited expenses to include. Our CFO was hesitant to release unaudited numbers because we will have the audit done in the next short while. 
 		2
 		about an hour ago

 				 
@adam_btcwSorry have been quiet last few days. We just launched our rewards + contest kick off and I have been knees deep! Our rewards system is going to be one of the coolest rewards system in the universe - we will be approaching it from the ground up through the lens of our mission to enable independence. Very excited to roll this out this quarter. We'll be leaning on it for growth this year 