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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 fintech business, which future-proofs money by making bitcoin useful to everyday people. The Company’s segments include Bitcoin ATM business (ATMs), and Non-custodial bitcoin platform (Online Bitcoin Portal). The ATMs segment comprises sales and expenses related to the Company's Bitcoin ATMs. The ATMs segment is operating a fleet of over 180 Bitcoin ATM machines placed and operating throughout Canada. The Online Bitcoin Portal segment includes sales and expenses related to the Company's Bitcoin platform. The Online Bitcoin Portal offers Canadians the safest way to buy, sell and use bitcoin online and is designed to offer bank-like functionality coupled with the benefits of Bitcoin. It offers three payment methods, such as Interac e-Transfer, Recurring buy (DCA), Bank transfer- United States, and Cash. The Company offers its services to real estate professionals, agriculture, sovereignty, beginners, and business.


TSXV:BTCW - Post by User

Comment by foundalphaon Jan 17, 2022 3:01pm
232 Views
Post# 34325596

RE:Bitcoin Well speculative 'Buy'? Thoughts?

RE:Bitcoin Well speculative 'Buy'? Thoughts?I've got a large position already but am adding 10k pieces, especially at this level. I saw a large block available last week (1.5 million) but it's either getting pieced out or is hidden. Really impressed by BTCW's recent personnel additions - CFO and IR both worked for much larger companies (Neo Financial, Nexen, ATCO etc). I see they've just updated their presentation (available on corporate website).

There's been a significant lack of news (releases and press coverage) for quite a few months apart from the addition of personnel. I suspect this will change soon enough. Also, I understand they're going to spend more time telling their story to the investment community - something that has been woefully lacking since the IPO.

This is a long-term hold for me. They're already #2 in Canada with their BTC ATMs and have stated big plans to multiply that this year (and expand in the US). I think the more interesting thing is what they're doing on the Saas (software as a service) side of things. They haven't provided details yet in this regard. Compare BTCW's market cap and revenue to others and this too may give new and current investors comfort with this stock.
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