Business
Bitcoin Well Announces 43% Monthly Growth in May on The Bitcoin Portal in the USA
(TheNewswire) Edmonton, Alberta – TheNewswire - June 4, 2024 – Bitcoi...
About this update from Bitcoin Well Inc
[{"type":"text","content":"Bitcoin Well Announces 43% Monthly Growth in May on The Bitcoin Portal in the USA\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Edmonton, Alberta –\n \n \n TheNewswire -\n \n \n June 4, 2024 – Bitcoin Well\nInc.\n \n \n (“\n \n \n Bitcoin Well\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n(\n \n \n TSXV: BTCW; OTCQB:\nBCNWF\n \n \n ), the non-custodial bitcoin business on a\nmission to enable independence, today announces that it has seen\nvolumes in the USA grow by over 43% in May, 2024 compared to April,\n2024\n \n \n .\n \n \n \n \n Bitcoin Well launched the Bitcoin Portal in the USA in\nSeptember 2023, and grew to service all 50 states in February 2024.\nFrom a standing start, the US portal growth has been impressive with\n43% growth month over month, and 884% growth from January to May 2024.\n \n \n \n \n “Our growth in the USA has been tremendous,” said\nAdam O’Brien, founder & CEO of Bitcoin Well. “It seems like\nthe USA is craving a self-custody bitcoin platform to safely buy\nbitcoin, and as the only automatic self custody bitcoin platform in\nthe country it seems like we are well positioned to take advantage of\nthe opportunity.”\n \n \n \n \n Globally, the Bitcoin Portal grew 22% month over month\nwith revenue over $5,500,000 CAD in May 2024. The Company estimates\nits gross margin on this revenue will exceed 1%.\n \n \n \n \n About Bitcoin Well\n \n \n \n \n Bitcoin Well is on a mission to enable independence. We\ndo this by making bitcoin useful to everyday people to give them the\nconvenience of modern banking and the benefits of bitcoin. We call\nthis future-proofing money. Our existing Bitcoin ATM and Online\nBitcoin Portal business units drive cash flow to help fund this\nmission.\n \n \n \n \n Join our\n \n \n \n investor community\n \n \n \n and follow us on\n \n \n \n Nostr\n \n \n \n ,\n \n \n ,\n \n \n and\n \n \n to\nkeep up to date with our business.\n \n \n \n \n Bitcoin Well contact information\n \n \n \n \n For additional investor & media information, please\ncontact:\n \n \n \n \n Adam O’Brien\n \n \n \n \n Tel: 1 888 711 3866\n \n \n \n \n \n [email protected]\n \n \n \n \n \n Neither TSX\nVenture Exchange nor its Regulatio...