X @Wu Blockchain

Funding & Capital - Bitcoin Well launched a private placement of up to $100 million [1] - The first round closed, raising approximately C$12.49 million, including 37.31 BTC [1] - The company plans to raise the funding cap to $150 million based on market demand [1] Use of Proceeds - Proceeds will be used primarily to increase bitcoin holdings [1] - Proceeds will be used to support working capital [1] - Proceeds will be used for other corporate purposes [1]