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Business Description

BTCW operates a network of crypto ATMs across Canada, and an online platform, allowing
investors/traders to buy/sell cryptos. The ATM business, which has been operating since 2013, is
profitable. The online platform, which was launched in Q4-2022, had 3,800 registered users at the end
of Q1-2023. Management is planning to start offering its online services in the U.S. this year.


FRC Analyst's Reports

Bitcoin Well Inc. (TSXV: BTCW / OTCQB: BCNWF) – Taking on Majors Through a Low-Fee Non-Custodial Platform – Initiating Coverage May. 8, 2023