Bitcoin Well Inc. Adopts Bitcoin Treasury, Acquiring 7.5 BTC and Planning $2 Million Raise as Canada's First Publicly Traded Company

Dec 3, 2024, 07:35 PM

Bitcoin Well Inc., a Canadian publicly traded company, has officially adopted Bitcoin as its treasury reserve asset. This marks a significant move in the cryptocurrency space as Bitcoin Well becomes the first publicly traded exchange in Canada to implement such a strategy. The company has acquired 7.5 Bitcoin and is planning to raise $2 million through bonds to purchase additional Bitcoin. This decision reflects a growing trend among companies to integrate Bitcoin into their financial strategies, similar to the approach taken by MicroStrategy.