Bitcoin Well Inc.

Bitcoin Well Inc.

BCNWF
Bitcoin Well Inc.US flagOther OTC
0.04
USD
+0.00
- -
5.59MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.09
0.32
0.68
0.38
0.3
0.43
0.52
0.51
Basic EPS, GAAP
- -
-0.02
-0.09
-0.03
-0.07
-0.08
- -
-0.01
Free Cash Flow per Basic Share
- -
-0.02
-0.03
-0.06
-0.02
-0.01
-0.02
-0.01
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
-0.01
-0.03
-0.06
-0.12
-0.17
-0.1
-0.08
Tangible Book Value per Share
- -
-0.01
0.01
-0.04
-0.05
-0.06
-0.03
-0.04
Basic Weighted Avg Shares
163
163
147
174
183
212
255
268
Sales/Revenue/Turnover
15
52
100
67
55
91
133
136
Operating Margin (%)
2.1
3.73
-8.04
-8.91
-4.29
-3.07
-1.91
-2.08
Depreciation Expense
- -
1
1
2
1
1
- -
- -
Net Income, GAAP
- -
-3
-14
-6
-12
-18
-1
-2
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
0.81
-5.28
-13.66
-8.98
-22.05
-19.64
-0.6
-1.32
Working Capital
-1
-3
-2
-3
7
16
8
3
LT Debt
- -
- -
- -
5
17
30
16
13
Total Equity
- -
-1
6
-6
-9
-13
-8
-10
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
97.45
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
23
20
19
LT Borrowings
19
16
13
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
349
350
357
Market Capitalization
33
24
21

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
39
30
23
Cash, Cash Equivalents & STI
37
28
22
Accounts Receivable, Net
- -
- -
- -
Inventories
2
1
1
Total Current Liabilities
24
22
20
Payables & Accruals
1
1
1
ST Debt
23
20
19
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-185.42%
-41.93%
Free Cash Flow
- -
18.53%
42.53%
Net Income, GAAP
- -
78.59%
-95.54%
Sales/Revenue/Turnover
- -
30.65%
46.89%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16
23
21
30
91
2025
32
32
34
35
133
2026
35
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.04
0.01
- -
- -
-0.08
2025
0.01
-0.02
-0.02
- -
- -
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Adam O'Brien
Full Time Employees
12
Sector
Financial Services
Industry
Financial - Capital Markets
Address
10142 82 Avenue NW Edmonton AB Canada T6E 1Z4
IPO Date
Aug 4, 2022
Business
Bitcoin Well Inc. (TSXV: BTCW; OTCQB: BCNWF) is a Canada-based non-custodial bitcoin company that enables financial independence by providing self-custody solutions for buying, selling, and using bitcoin with the convenience of modern banking. Founded in 2013 by Adam O’Brien and headquartered in Edmonton, Alberta, the company operates through three primary business units: a network of approximately 200 Bitcoin ATMs across Canada for cash-to-bitcoin transactions; the Online Bitcoin Portal, a web-based platform available in Canada and the United States offering instant smash buys via e-transfer, bitcoin sales from self-custody wallets, bill payments, gift cards, cash vouchers, Lightning Network support, swaps between on-chain and Lightning bitcoin, daily recurring buys, and affiliate/agent programs; and Bitcoin Well Infinite, a formalized over-the-counter (OTC) desk providing white-glove services for high-net-worth individuals, family offices, businesses, and trusts with transactions of $50,000 or more. The company serves retail users, businesses, and institutional clients in the blockchain and cryptocurrency sector, with a focus on North American markets, and maintains FINTRAC registration as a money services business while employing around 12 people. Recent developments include multiple expansions to its Bitcoin Treasury strategy, with acquisitions bringing holdings to 69 BTC as of November 2025, funded partly by private placements, debt settlements, and convertible debenture offerings; launches of daily recurring buys in Canada, Lightning Network payments for U.S. customers, and the ability to sell bitcoin directly from self-custody in the USA; partnerships such as a sponsorship with BTC Sessions in 2024, a Lightning node collaboration with LQWD Technologies, and a renewal with Simply Bitcoin; strong financial growth in 2025 Q3, with Bitcoin Well Infinite revenue up 59% year-over-year to $9.4 million; and product enhancements like Nostr integration and Bitaxe availability in its points store.

Company News

MCPAPIChat
  • Bitcoin Well Enters Partnership With Heritage IRA To Offer Tax Advantaged Bitcoin Transactions In The USA

  • Bitcoin Well Reports 2026 First Quarter Financial Results

  • Bitcoin Well Reports Strong U.S. Market Traction

  • Bitcoin Well Reports 2025 Q4 And Year End Financial Results, Including Record Yearly Revenue

  • Bitcoin Well Announces Shares For Debt Settlement, Closing Of Private Placement, Stock Option Grant And Early Warning Disclosure

  • Bitcoin Well Reports 2025 Q3 Financial Results

  • Bitcoin Well Announces Extension Of Private Placement Offering And Anticipated Second Tranche

  • Bitcoin Well Adds To Bitcoin Treasury

  • Bitcoin Well Adds to Bitcoin Treasury

  • Bitcoin Well Adds to Bitcoin Treasury

  • Bitcoin Well Announces Debt Settlement and Quarterly ATM Program Update

  • Bitcoin Well Adds to Bitcoin Treasury

  • Bitcoin Well Announces Private Placement Offering of up to US$100 Million of Units and First Tranche Closing for Proceeds of Approximately C$12.5 Million

  • Bitcoin Well Announces Share Issuance

  • Bitcoin Well Reports 2025 Q2 Financial Results

  • Bitcoin Well Launches Daily Recurring Buy In Canada; Renews Sponsorship Agreement With Simply Bitcoin

  • Bitcoin Well Announces Bitcoin Portal Updates, Debt Settlement and Quarterly ATM Program Update

  • Bitcoin Well Adds To Bitcoin Treasury, Signals Continued Bitcoin Treasury Growth

  • Bitcoin Well Receives $0.5 Million Judgment Against Rapid Cash

  • Bitcoin Well Records Record Breaking May and Provides Update To Bitcoin Treasury Strategy