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

(TheNewswire)

Edmonton, Alberta – TheNewswire - July 2, 2025 – Bitcoin WellInc. (“ Bitcoin Well ” or the “ Company ”)( TSXV: BTCW; OTCQB:BCNWF ), the non-custodial bitcoin business on amission to enable independence, announces record breaking new customer registrations on its Bitcoin Portal in June2025 with over 3,700 . Thisachievement signifies a 12% increase from May 2025 and an impressive107% year-over-year surge, elevating the total unique registrations toover 48,800. Bitcoin Well is projected to surpass 50,000 uniqueregistrations by the close of July 2025.

The platform also maintained a robust active user base,with an annual active user rate of over 21% inthe last 12 months .

Shares for Debt Settlement

The Company also announces that it has elected tosettle an aggregate of C$287,409 of accrued interest obligations byissuing common shares in the capital of the Company (the“ Shares ”).

The Company is indebted to certain creditors in thetotal amount of C$207,209, as of June 30, 2025 (the “ Use of Coin and Debenture InterestDebt ”), pursuant to certain use of bitcoinagreements and a convertible debenture agreement (collectively, the“ Agreements ”). The Use of Coin and Debenture Interest Debt representsinterest accrued under the Agreements. Bitcoin Well has elected tosettle C$93,396 by issuing 583,723 Shares at a deemed price of C$0.160per Share, and to settle C$113,813 by issuing 889,164 Shares at adeemed price of C$0.128 per Share.

In addition, and further to the Company’s newsrelease dated December 30, 2024, the Company is indebted to certainconvertible debenture holders in the total amount of C$80,200, as ofJune 30, 2025 (the “ CDInterest Debt ”), pursuant to a convertibledebenture indenture (the “ CD Indenture ”), the material terms of which are more fully described inthe Company’s news releases dated December 2, 2024 and December 30,2024. Under the CD Indenture, the Company has elected to settle the CDInterest Debt by issuing 501,249 Shares at a deemed price of C$0.160per Share.

The settlement of the Use of Coin and DebentureInterest Debt and the CD Interest Debt through the issuance of Sharesis referred to herein as the “Debt Settlement” . The Debt Settlementremains subject to the approval of the TSX Venture Exchange (the“ TSXV ”).

All Shares issued pursuant to the Debt Settlement willbe subject to a statutory hold period of four months and one day fromthe date of issuance, in accordance with applicable securitieslaws.

A director of the Company participated in the DebtSettlement through a wholly owned subsidiary. Such participation willbe considered to be a "related party transaction" within themeaning of Multilateral Instrument 61-101 Protection of Minority Security Holders inSpecial Transactions (" MI 61-101 "). TheCompany intends to rely on the exemptions from the formal valuationand minority shareholder approval requirements of MI 61-101 containedin sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of therelated party participation in the Debt Settlement as neither the fairmarket value (as determined under MI 61-101) of the subject matter of,nor the fair market value of the consideration for, the transaction,insofar as it will involve interested parties, is expected to exceed25% of the Company's market capitalization (as determined under MI61-101).

Quarterly ATM Program Update

Bitcoin Well also provides a quarterly update withrespect to the Company’s previously announced at-the-market equityprogram (the “ ATMProgram ”), launched on March 28, 2025. The ATMProgram allows the Company to issue and sell, from time to time, up toC$5,000,000 of Shares from treasury to the public, at the Company’sdiscretion, pursuant to an equity distribution agreement between theCompany and Haywood Securities Inc. (the “ Agent ”).

During the quarterly period ended June 30, 2025, theCompany issued a total of 1,664,000 Shares on the TSXV at an averageprice of C$0.144 per Share under the ATM Program, providing grossproceeds of C$239,838. Commissions and other related costs of C$8,965were paid to the Agent in connection with these distributions,resulting in net proceeds to the Company of C$230,873. The Companyintends to use these funds for general working capital and to buybitcoin as part of its Bitcoin Treasury Strategy.

For further details on the ATM Program, see theCompany’s news release dated March 28, 2024.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. Wedo this by making bitcoin useful to everyday people to give them theconvenience of modern banking and the benefits of bitcoin. We like tothink of it as future-proofing money. Our existing Bitcoin ATM andOnline Bitcoin Portal business units drive cash flow to help fund thismission.

Join our investor community and follow us on Nostr , , and tokeep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEOAdam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, pleasecontact:

Adam O’Brien

Tel: 1 888 711 3866

ir@bitcoinwell.com

Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease .

Forward-lookinginformation

Certain statements contained in thisnews release may constitute forward-looking information, which isoften, but not always, identified by the use of words such as"anticipate", "plan", "estimate","expect", "may", "will","intend", "should", or the negative thereof andsimilar expressions. All statements herein other than statements ofhistorical fact constitute forward-looking information including, butnot limited to, statements in respect of Debt Settlement and theapproval by the TSXV. Forward-looking information involves known andunknown risks, uncertainties and other factors that may cause actualresults or events to differ materially from those anticipated in suchforward-looking information including, but not limited to, the riskfactors described in Bitcoin Well’s annual information form andmanagement’s discussion and analysis for the year ended December 31,2024. Forward-looking information should not be unduly relied upon.

Any forward-looking informationcontained in this news release represents Bitcoin Well’sexpectations as of the date hereof and is subject to change. BitcoinWell disclaims any intention or obligation to revise anyforward-looking information, except as required by applicablesecurities legislation.

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