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Bitcoin Well Launches Daily Recurring Buy In Canada; Renews Sponsorship Agreement With Simply Bitcoin
Thenewswireยท 2025-07-24 11:30
Core Viewpoint - Bitcoin Well Inc. has introduced a revamped recurring buy feature for bitcoin, allowing customers to schedule purchases directly to their personal lightning wallets, and has renewed its sponsorship with Energon Entertainment LLC to enhance brand visibility [1][4]. Group 1: Recurring Buy Feature - Customers in Canada can now schedule bitcoin purchases daily, weekly, bi-weekly, or monthly, with transactions sent directly to their personal wallets over the Lightning Network or on-chain [2]. - The transaction speed for purchasing bitcoin over the Lightning Network has improved to under 1 second [2][3]. Group 2: Customer Engagement - As of July 23, 2025, Bitcoin Well has over 51,000 customer signups, with a yearly active user rate of over 21% [3]. Group 3: Sponsorship Agreement - A new sponsorship agreement with Simply Bitcoin commenced on March 1, 2025, for a six-month term, focusing on podcast advertising and social media marketing to boost brand visibility [4]. - Bitcoin Well will pay Simply Bitcoin a total of US$180,000, which includes a monthly cash payment of US$15,000 and equity compensation valued at US$90,000 [5]. Group 4: Share Issuance - The company plans to issue 412,740 Common Shares at a deemed price of C$0.15 per share as part of the sponsorship agreement, with the initial share issuance valued at C$61,911 [6]. - The shares are subject to TSXV approval and a hold period of four months plus a day [7]. Group 5: Company Mission - Bitcoin Well aims to make bitcoin accessible to everyday people, providing modern banking conveniences alongside the benefits of bitcoin [8].