Bitcoin Well (TSXV:BTCW, OTCQB:BCNWF), OTCQB:BCNWF) provides an ecosystem of products and services making it easier for people to use bitcoin. Established in Canada in 2013 and has reached significant revenue growth year-over-year, Bitcoin Well will soon be expanding to the US market.
The company's three core business lines include Crypto ATM network composed of 250+ Crypto ATMs across Canada with US$21 million revenue in 2022; Bitcoin Well Infinite whichcaters to high net worth individuals and businesses and with US$29 million revenue in 2022; and Online Ecosystem, the fastest and safest way for Canadians to buy, sell and use bitcoin with current monthly revenues exceeding $350,000.
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Bitcoin Well (TSXV:BTCW,OTCQB:BCNWF) is a two-business-unit organization providing an ecosystem of products and services to make it easy for everyday people to use bitcoin. The company was established in Canada in 2013, has reached significant revenue growth year-over-year since, and has recently expanded the Online Bitcoin Portal to the US market.
Bitcoin Well earns revenue through its two core business lines, which include:
Bitcoin Well earns consistent cash flow through its existing fleet of Bitcoin ATMs. The company reinvests this cash flow into the Online Bitcoin Portal, which is a scalable growth product the company believes will see exponential adoption during the bitcoin bull run – which appears to be underway.
The Bitcoin market often makes headlines when it reaches new heights or lows, but it’s shown consistent growth over the long term. The price of Bitcoin surpassed the US$72,000 mark in March 2024 and is expected to continuously captivate investors’ interest as it follows the typical halving price cycle.
Bitcoin Well has passed significant milestones since its establishment in 2013:
Every product or service offered by the company is wrapped in the security of its non-custodial ecosystem. This is a hot topic right now as multiple custodial exchanges have collapsed in the last few years. The non-custodial ecosystem is widely seen by knowledgeable investors as the safest way to buy bitcoin.
In 2024, Bitcoin Well launched Cash Vouchers, which allow Canadian customers to make cash payments when buying bitcoin from the Bitcoin Portal. Cash Vouchers eliminate the barriers when using digital payments to use the Bitcoin Portal. Bitcoin Well is the only company able to offer this service.
The company intends to utilize its unique positioning of a large network of Bitcoin ATMs and a growing online Bitcoin Portal to begin combining the benefits and set itself out as a true differentiator. These unique differences allow for Bitcoin Well to offer their customer a stickier product with more offerings than other competitors which could open the door for a subscription model or other alternative customer revenue models.
The Bitcoin Well business strategy is embodied in two core product lines, designed to make it easier for everyday people to use bitcoin as part of their financial plans. Both offerings cater to different types of customers.
With more than 190 Bitcoin ATMs across Canada, the Bitcoin Well ATM network provides users a way to buy bitcoin quickly and safely with cash. This well-established, cash-flowing Bitcoin ATM business provides revenue to support the company’s accretive future growth.
This is the most scalable and future-oriented product. It offers the fastest and safest way for North Americans to buy, sell and use bitcoin. Launched in Q4 2022, this offering currently generates monthly revenues exceeding $4.5 million.
Adam O’Brien is a husband, father of four and a bitcoin entrepreneur with a mission to enable independence. Since founding Bitcoin Well in 2013, he has made it easy to buy, sell and use bitcoin both online in the bitcoin-only portal, and in person at Bitcoin ATMs across Canada. Today, Bitcoin Well is a publicly traded organization (BTCW) and is one of the largest bitcoin companies in the country... And it's just getting started!
Jason Vandenberg brings more than 20 years of experience across diverse financial leadership positions and has an established record of leading multiple companies through substantial growth, both organically and through business acquisitions. He has experience with micro-cap companies listed on the TSXV and was involved with the company as they went public in 2021.
Chantel Lillycrop has 10 years of experience in leadership, business development and operations. She has a deep-rooted passion for streamlining processes, optimizing efficiency and fostering collaboration with her teams and external partners. Her mission is to drive the company’s growth while ensuring operational excellence.
James Kerr is an accredited product builder with nearly a decade of experience working with teams to build solutions for both B2B and B2C users. Kerr loves solving problems, challenging conventions, and working with creative people to build and grow products that make the world a better place.
Dave Bradley is widely considered one of the leading experts in Canada on bitcoin and blockchain technology. Before his current role, Bradley founded the world’s first bricks-and-mortar bitcoin store and co-founded the successful company, Bull Bitcoin, which is Canada’s longest-serving bitcoin brokerage. He also serves as a vice-president for the Canadian Blockchain Consortium.
Terry Rhode was one of Rosenau Transport's longest-serving employees and a partial owner. Before starting with Rosenau Transport in 1998, he was a management consultant and advised various businesses on ways to streamline their operations. Rhode is well-versed in every aspect of administration including accounting and IT, operations, change management, project management, sales, and pricing.
Mitchell Demeter brought the world its first Bitcoin ATM in 2013 to Vancouver, BC. After a successful exit, he moved to be the president of Netcoins, a Canadian online cryptocurrency brokerage wholly owned by BIGG Digital Assets. Demeter is a serial entrepreneur with a range of experience in blockchain, exchanges and currency trading. He currently sits on the board of Neptune Digital Assets and advises several other cryptocurrency and fintech businesses including Secure Digital Markets and Inetco Systems.
Mark Binns has a long history and deep experience in the bitcoin and cryptocurrency markets, and valuable connections in the Canadian and US capital markets. Binns is the former CEO of Netcoins, a leading Canadian cryptocurrency broker, and BIGG Digital Assets, a diversified public Canadian digital asset company.
On a mission to enable independence by combining the convenience of modern banking with the benefits of Bitcoin
(TheNewswire)
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Edmonton, Alberta TheNewswire - April 10, 2025 Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces the addition of the Lightning Network for selling bitcoin on the Bitcoin Portal in the USA and a shares for debt settlement.
Customers can now go directly from bitcoin in their personal Lightning wallets directly to dollars in their bank using the Lightning Network. This will enable smaller transactions with fewer fees for customers of the Bitcoin Portal at bitcoinwell.com, increasing their independence.
Now, when a customer wants to sell bitcoin, they will enter the amount of dollars they want to receive, select their connected bank account, and choose between the Bitcoin and Lightning Network.
Previously, when the customer would sell bitcoin over the Bitcoin Network they had to pay mining fees and wait 4 confirmations before the transfer to their bank was initiated. Now it will happen instantly, with no fees thanks to the addition of the Lightning Network into the Bitcoin Portal at bitcoinwell.com.
Further, due to the non-custodial nature of the Bitcoin Portal, Bitcoin Well customers can hold bitcoin in their wallets longer and benefit from a smoother customer experience. With other platforms the customer would need to fund their bitcoin account balance (which puts their funds at risk), sell the bitcoin and then request the withdrawal to their bank.
From their Bitcoin Well account this happens in one single action. Directly from bitcoin in their personal wallets, to cash in their bank.
The Company is indebted to certain creditors in the total amount of $139,817 as of March 31, 2025 (the "Outstanding Debt"), pursuant to certain use of bitcoin agreements and a convertible debenture agreement (collectively, the "Agreements"). The Outstanding Debt is interest accrued under the Agreements. Bitcoin Well has elected to settle $104,155 of the Outstanding Debt by issuing 801,190 common shares in the capital of the Company (the "Shares") at a deemed price of $0.13 per Share and will settle $35,662 of the Outstanding Debt by issuing 342,903 Shares at a deemed price of $0.104 per Share (the "Debt Settlement"). The Debt Settlement remains subject to TSX Venture Exchange approval. All Shares issued in satisfaction of the Outstanding Debt will be subject to a statutory hold period of four months plus one day.
It is anticipated that a director of the Company will participate in the Debt Settlement through a wholly owned subsidiary. Such participation will be considered to be a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the related party participation in the Debt Settlement as neither the fair market 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 exceed 25% of the Company's market capitalization (as determined under MI 61-101).
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Bitcoin Well Inc. (TSXV: BTCW) (OTCQB: BCNWF) ("Bitcoin Well" or the "Company"), the non-custodial bitcoin business on a mission to enable independence, announced today that it has established an at-the-market equity program (the "ATM Program") that allows the Company to issue and sell, at its discretion, up to $5,000,000 of common shares ("Shares") to the public from time to time.
Distributions of the Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement (the "Distribution Agreement") dated March 28, 2025 between Bitcoin Well and Haywood Securities Inc. (the "Agent"). All Shares sold under the ATM Program will be sold through the TSX Venture Exchange or other recognized Canadian marketplace at prevailing market prices at the time of sale. The ATM Program will be effective until the earlier of March 28, 2027 and the completion of the issuance and sale of all of the Shares issuable pursuant to the ATM Program, subject to earlier termination by Company or the Agent in accordance with the terms of the Distribution Agreement.
The ATM Program is intended to provide the Company with additional financing flexibility should it be required in the future. The volume and timing of distributions under the ATM Program, if any, will be determined in the Company's sole discretion. As Shares distributed under the ATM program will be sold at the prevailing market price at the time of sale, prices may vary among purchasers during the term of the ATM Program.
The Company intends to use the net proceeds from the ATM Program, if any, together with the Company's current cash resources, to fund general corporate purposes, including ongoing operations and/or working capital requirements; to repay indebtedness outstanding from time to time; to complete future acquisitions; to fund research and development, intellectual property development; or for other corporate purposes.
The offering of Shares under the ATM Program is qualified by a prospectus supplement dated March 28, 2025 (the "Prospectus Supplement") to the short form base shelf prospectus dated March 6, 2025 (the "Shelf Prospectus"). Copies of the Prospectus Supplement, the Shelf Prospectus and the Distribution Agreement are available under Bitcoin Well's profile on the SEDAR+ website at www.sedarplus.ca. Alternatively, the Company or the Agent will send the Prospectus Supplement (including the Shelf Prospectus) upon request. Such requests may be made by sending an email to Haywood at ecm@haywood.com.
This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Shares, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr, LinkedIn, X (formerly Twitter) and YouTube to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook; and the intended use of proceeds from the ATM Program. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246488
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(TheNewswire)
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Edmonton, Alberta March 25, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces the addition of the Lightning Network in the USA as a method of immediate delivery after a bitcoin purchase. This means US customers in all 50 states can now buy bitcoin and have it sent to their personal bitcoin wallets on the Lightning Network, saving money on blockchain transaction costs and preventing wallet bloat.
This move will also reduce Bitcoin Well transaction expenses as it reduces the cost to send bitcoin to customer's personal bitcoin wallets. Further, it enables customers to buy smaller amounts, more frequently, which is in line with our ethos to "Replace your bank with Bitcoin Well"
"The Lightning Network makes it faster and easier for our customers to buy bitcoin more often while taking self-custody" explained Adam O'Brien, founder and CEO of Bitcoin Well. "I expect this addition will earn us more transactions from customers, especially as we add the ability to sell over Lightning and Swap to and from the main chain in the coming weeks."
Customers can buy bitcoin one-time or with a Recurring Buy with money directly from their bank. They can have their paychecks deposited to Bitcoin Well and converted to bitcoin, or they can use their Cash Balance to convert dollars to bitcoin. And now, their bitcoin can be instantly delivered to their Lightning wallet with no additional fees. This advancement in our products enables our customers to buy more frequently without the fear of on-chain fees or UTXO management.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2023. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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Edmonton, Alberta March 12, 2025 TheNewswire Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence, today announced financial and operating results for the fourth quarter and year ended December 31, 2024.
Revenue of $30.1 million for the 3-months ended December 31, 2024 (Q4 2023: $13.6 million, +121%); and $90.5 million for the year ended December 31, 2024 (2023: $54.5 million, +66%)
Revenue growth driven by continuing significant growth on the Bitcoin Portal (Bitcoin Portal revenue +361% in Q4 2024 and +201% full year).
Unique registrations grew by more than 5,000 in Q4 to a total of over 32,000 as of December 31, 2024 (representing growth of 28% from September 30, 2024 and 191% from December 31, 2023).
As of March 1, 2025 the Company has over 37,000 unique registrations
Financial overview
For the three months ended, | For the year ended, | |||||||
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2023 | |||||
Revenue | $ 30,059,063 | $ 13,590,048 | $ 90,513,400 | $ 54,531,838 | ||||
Gross Profit | 1,220,390 | 1,427,803 | 3,970,608 | 4,826,169 | ||||
Adjusted EBITDA (1) | 25,673 | 177,360 | (1,655,890) | (440,794) | ||||
Adjusted Cash Flow (1) | (154,672) | (138,489) | (2,598,072) | (2,102,581) | ||||
Total comprehensive loss | (2,477,571) | (1,264,707) | (7,110,154) | (5,303,177) | ||||
(1) See Non-IFRS Measures.
The Company's overall revenue in the fourth quarter of 2024 showed a substantial 121% increase, reaching $30.1 million compared to $13.6 million in Q4 2023. This growth was primarily driven by increased transaction volumes on the Bitcoin Portal, including from Bitcoin Well Infinite - which provides large bitcoin transactions to high net worth individuals.
The Company also debuted Bitcoin Well Infinite in the USA through a strategic partnership in Q4. Volume in the USA through the first couple months exceeded $3,000,000 and is expected to grow in Q1 2025. Both the Bitcoin Portal and Bitcoin Well Infinite have a lower gross profit margin than the Bitcoin ATMs, but are more scalable and cost less to expand making them the optimal growth business unit.
"I am happy to report these revenue numbers!" said Bitcoin Well Founder and CEO Adam O'Brien, "I am more certain of the Bitcoin Portal's product-market fit than ever before. The addition of Bitcoin Well Infinite offering large bitcoin transactions directly to self custody looks like a recipe for success and we are excited to continue growing this service line. I'm confident our increased scale will outpace the costs of growth soon."
Gross profit decreased to $1.2 million in Q4 2024 from $1.4 million last year due to a lower overall gross margin. This was primarily caused by a shift in sales mix, with lower margin online transactions now representing a larger share compared to high margin Bitcoin ATM sales. The Company views this shift as a necessary step in the successful transition to a highly scalable online bitcoin platform.
During Q4 2024, the Company's online segment's gross margin increased to 1.7%, from 1.3% in Q4 2023, +30% improvement
This news release should be read in concert with the full disclosure documents. The Bitcoin W ell consolidated financial statements and Management Discussion & Analysis for the years ended December 31, 2024 and 2023 ("MD&A") will be available on the Bitcoin Well website ( www.bitcoinwell.com ), via SEDAR+ ( www.sedarplus.ca ) or can be requested from the Company.
The Company uses certain terms in this news release, such as ‘Adjusted EBITDA' and ‘Adjusted Cash Flow', which do not have a standardized or prescribed meaning under International Financial Reporting Standards (IFRS), and accordingly, these measurements may not be comparable with the calculation of similar measurements used by other companies.
Please refer to the "Non-IFRS Financial Measures" section in the Company's MD&A for applicable definitions, calculations, and rationale for use. Non-IFRS measures are provided as supplementary information by which readers may wish to consider the Company's performance, but should not be relied upon for comparative or investment purposes.
See the table below for a reconciliation of each non-IFRS measure to its nearest IFRS measure:
Three months ended | Year ended | |||||||
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2023 | |||||
Net loss | $ | (9,828,152) | $ | (5,204,590) | $ | (17,777,117) | $ | (12,024,324) |
Financing fees | 612,264 | 683,513 | 2,567,439 | 2,285,183 | ||||
Depreciation and accretion | 97,127 | 297,084 | 651,902 | 1,416,882 | ||||
Fair value change - crypto loans (1) | 8,100,878 | 4,328,718 | 13,974,453 | 7,421,089 | ||||
Fair value change - investments | - | 337,635 | - | 337,635 | ||||
Share based compensation | 142,024 | (19,633) | 467,952 | 483,430 | ||||
Foreign exchange loss (gain) | 492,913 | (8,568) | 599,760 | 9,846 | ||||
Loss (gain) on debt settlement | 937 | 10,779 | (19,063) | 14,703 | ||||
Loss (gain) on disposal of equipment | 609 | - | (481) | 7,991 | ||||
Fair value change - crypto inventory (1) | (488,006) | - | (784,679) | (12,401) | ||||
Fair value change - convertible debt | 1,194,636 | - | 1,194,636 | - | ||||
Realized gain on digital assets (1) | (299,557) | (247,578) | (2,530,692) | (622,535) | ||||
Income tax expense | - | - | - | 241,707 | ||||
Adjusted EBITDA | $ | 25,673 | $ | 177,360 | $ | (1,655,890) | $ | (440,794) |
Less: financing fees | (612,264) | (683,513) | (2,567,439) | (2,285,183) | ||||
Add: non-cash interest items (2) | 431,919 | 367,664 | 1,625,257 | 623,396 | ||||
Adjusted Cash Flow | $ | (154,672) | $ | (138,489) | $ | (2,598,072) | $ | (2,102,581) |
(1) Non-cash, fair value change on the revaluation of cryptocurrency loans is largely offset by revaluation changes in inventory and gains (losses) on digital assets, which are recorded in both income (if realized) and other comprehensive Income (if unrealized).
(2) Non-cash interest items include interest on cryptocurrency loans that were settled in common shares or are intended to be settled in common shares as well as non-cash interest on the line of credit where the accrued interest is added to the principal balance of the loan.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to statements in respect of: revenue growth from the Bitcoin Portal in 2025; improving gross margins from the Online Segment; and Bitcoin Well's business plans, strategy and outlook.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including, but not limited to the following: economic and financial conditions, volatility in the capital or credit markets; the level of demand and financial performance of the cryptocurrency and digital asset industry, the occurrence of force majeure events; the extent to which the Company is successful in gaining new long-term users or retaining existing users; developments and changes in laws and regulations, disruptions to the Company's technology network; inability to obtain financing; competitive factors; and such other factors as discussed in the "Risks and Uncertainties" section of the Company's MD&A.
Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of the foregoing risk factors and other factors, many of which are beyond the control of Bitcoin Well.
Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
For more information, see the Note Regarding Forward Looking Statements found in the Bitcoin Well MD&A.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Bitcoin Well Inc. (TSXV: BTCW) (OTCQB: BCNWF) ("Bitcoin Well" or the "Company"), the non-custodial bitcoin business on a mission to enable independence, is pleased to announce that it has obtained a receipt for its final short form base shelf prospectus (the "Shelf Prospectus") filed with the securities commissions in each of the provinces and territories of Canada.
The filing of a Shelf Prospectus is intended to provide the Company with financing flexibility. Under the Shelf Prospectus, the Company may issue and sell up to C$25,000,000 of common shares, preferred shares, warrants, subscription receipts, units, debt securities, or any combination thereof, from time to time over the 25-month period that the Shelf Prospectus remains effective. The specific terms of any actual offering of securities (if any) will be set forth in one or more shelf prospectus supplement(s) to the Shelf Prospectus, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.
Each prospectus supplement will contain specific information concerning, among other matters, the securities to be issued and the use of proceeds from any such issuance. There is no certainty that any securities will be offered or sold under the Shelf Prospectus. A copy of the Shelf Prospectus and any shelf prospectus supplements that may be filed in the future, can be found under the Company's SEDAR+ profile at www.sedarplus.ca.
The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr, LinkedIn, Twitter and YouTube to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam.
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
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Bitcoin (BTC) was priced at US$93,715.73 as markets closed for the day, up 2.1 percent in 24 hours. The day's range has seen a low of US$92,817.39 and a high of US$94,816.90.
Bitcoin performance, April 25, 2025.
Chart via TradingView
Fueledby the re-entry of institutional investment, the crypto markets appear to be headed towards a robust recovery; however, the long-term trajectory remains to be seen.
Ethereum (ETH) ended the day at US$1,776.23, a 1.1 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,745.65 and a high of US$1,793.86.
Swiss National Bank Chairman Martin Schlegel flatly rejected proposals to include bitcoin in the country’s currency reserves, stating it "cannot currently fulfil the requirements" needed for official holdings.
At the SNB’s annual meeting in Bern, Schlegel cited bitcoin’s extreme volatility and insufficient liquidity as major concerns, making it unsuitable for maintaining the stability and convertibility of the national reserve portfolio.
This comes as activists behind the "Bitcoin Initiative" mount a constitutional referendum campaign that would legally compel the SNB to hold BTC alongside gold. Luzius Meisser, one of the movement’s leaders, argued bitcoin could prove invaluable in a future marked by declining trust in government debt.
The SNB’s resistance, however, signals continued institutional reluctance to enshrine bitcoin as a strategic monetary asset, even in one of the world’s most financially progressive nations.
Donald Trump’s $TRUMP meme coin surged over 70 percent after the president promised an exclusive gala dinner for the token’s top 220 holders, including a VIP reception at his Washington DC golf club for the top 25.
Launched just before Trump’s January inauguration, the coin has exploded in both market cap—now estimated around US$2.5 billion—and political intrigue, reflecting the former president’s aggressive expansion into crypto.
This latest move aims to blend campaign optics with digital asset hype, positioning Trump not just as a “crypto president,” but as an active participant in speculative retail culture.
Critics have slammed the dinner-for-holders gimmick as a political stunt and potential conflict of interest, while others say it signals a new model of decentralized donor engagement.
Regardless, the announcement caused a major pump and reignited interest across meme coin forums and pro-Trump financial channels.
MicroStrategy Chairman Michael Saylor declared that BlackRock’s iShares Bitcoin Trust (IBIT) will become the largest ETF in the world within ten years, following a record-breaking week where U.S. bitcoin ETFs drew US$2.8 billion in net inflows.
IBIT led the pack with US$1.3 billion, lifting its total assets to roughly US$54 billion and driving daily trading volumes above US$1.5 billion. For context, the current largest ETF, Vanguard’s VOO, commands a market cap over US$593 billion—nearly ten times IBIT’s current size.
Bloomberg ETF analyst Eric Balchunas acknowledged Saylor’s claim wasn’t far-fetched, but said IBIT would need to consistently attract US$3–US$4 billion per day to overtake VOO within a decade.
The bold prediction reflects mounting institutional appetite for BTC exposure, but also underlines the extraordinary capital movement that would be required for such a paradigm shift in ETF rankings.
Cathie Wood’s ARK Invest has revised its already-optimistic bitcoin forecast, now projecting the asset could reach as high as US$2.4 million by 2030 in its most bullish scenario.
The firm's April 24 report outlines three trajectories: a bear case of US$300,000, a base case of US$710,000, and a sky-high scenario that factors in growing institutional allocations and rapid expansion of on-chain financial services.
The US$2.4 million target assumes bitcoin captures 6.5 percent of the US$200 trillion global investable asset pool, with sustained 60 percent annual growth in BTC-driven financial infrastructure. National reserves, corporate treasuries, and rising adoption in emerging markets also play critical roles in the model, but ARK identifies institutional capital as the most transformative force.
While skeptics still cite volatility and regulatory uncertainty, ARK argues that BTC’s asymmetric upside—especially amid global monetary shifts—makes it a once-in-a-generation investment thesis.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Here's a quick recap of the crypto landscape for Wednesday (April 16) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoin performance along with a round-up of key cryptocurrency market news.
At the time of this writing, Bitcoin (BTC) was priced at US$84,336.30 and is up 0.4 percent in 24 hours. The day's range has seen a low of US$83,592.79 and a high of US$85,311.80.23.
Bitcoin performance, April 16, 2025.
Chart via TradingView.
Trade tension escalation between China and the US continues to drag on the crypto market.
Ethereum (ETH) is priced at US$1,588.68, a 1.1 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,551.41 and a high of US$1,605.30.
Recent market analysis suggests the cryptocurrency market has been experiencing a bear market cycle. Bitcoin's price has been below its 200-day simple moving average (SMA) since March. The 200-day SMA is a key metric used to identify trends in Bitcoin’s price movements and potential market cycles.
“The 200DMA model on bitcoin does suggest that the token’s recent steep decline qualifies this as a bear market cycle starting in late March. But the same exercise performed on the COIN50 index (which includes the top 50 tokens by market capitalization) shows the asset class as a whole has been unequivocally trading in bear market territory since the end of February,” David Duong, global head of research at Coinbase Institutional, said in a note published Monday.
“All of these structural pressures stem from the uncertainty of the broader macro environment, where traditional risk assets have faced sustained headwinds from fiscal tightening and tariff policies, contributing to the paralysis in investment decision making."
The authors of the report urge cautious trading for the next month or so, after which the sentiment could change “rather quickly.” Duong said the market could rebound in the second half of 2025.
A market analysis by Bitcoin researcher Axel Adler Jr also points to potential for price recovery later in the year, noting the increasing dominance of US-regulated exchanges and a recurring bullish technical signal. Reduced supply, noted by analyst Borin Vest, could also contribute to upward price movement.
According to an April 15 announcement from real estate-focused financial technology firm Janover (NASDAQ:JNVR), the company’s Solana holdings have doubled to 163,651.7 after its latest purchase of 80,567 tokens for roughly US$10.5 million.
Janover’s total Solana holdings are now worth about US$21.2 million, including staking rewards.
Janover recently raised approximately US$42 million in a convertible note and warrants sale to bolster its digital asset treasury strategy. This funding round saw participation from investors including Pantera Capital, Kraken, Arrington Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture Partners and 11 angel investors.
The company intends to utilize the newly acquired capital to enhance its digital asset treasury strategy, including immediate staking of recently purchased SOL to generate additional revenue.
In the ongoing legal dispute between Ripple Labs and the SEC, an appeals court has approved a request to halt proceedings while settlement discussions take place, raising speculation about a potential imminent resolution. The SEC is required to provide an update on the situation by June 15.
China’s growing trove of seized cryptocurrencies — confiscated from fraud, money laundering and gambling cases — has become a legal and political hot potato as local governments debate how to convert illicit digital wealth into usable state revenue, Reuters reported.
With crypto trading banned and virtual assets not recognized as legal tender, authorities currently rely on loosely regulated private firms to offload seized tokens on offshore exchanges, raising concerns over transparency, corruption and inconsistent enforcement.
Legal experts, judges and financial authorities are now calling for new national guidelines, including proposals to centralize asset management, establish crypto disposal agencies or even hold confiscated Bitcoin as sovereign reserves — a potential pivot that could reshape China's crypto stance amid broader geopolitical and economic shifts.
OKX, one of the world’s top cryptocurrency exchanges, is making a calculated leap into the US market with a phased rollout of its centralized trading platform and a powerful self-custody Web3 wallet for retail and institutional users.
Spearheading this expansion is newly appointed US CEO Roshan Robert and a fresh San Jose headquarters, signaling the company’s strategic commitment to regulatory compliance and American market penetration.
The exchange offers deep liquidity, low fees and fast execution, while the new wallet — compatible with over 130 blockchains — lets users manage NFTs, tokens and dApps across multiple ecosystems.
OKX is also prioritizing transparency, publishing monthly proof-of-reserves reports verified by third-party auditors to reinforce user trust in its custodial holdings.
Healthcare technology firm Semler Scientific (NASDAQ:SMLR) revealed a US$41.8 million paper loss on its Bitcoin investment as of Q1 2025 following a sharp decline in Bitcoin’s price — from US$93,500 in January to US$82,350 in March — but has nonetheless pledged to press forward with its crypto acquisition strategy.
As of March 31, the company held 3,182 Bitcoin valued at over US$263 million. It remains undeterred, announcing plans to issue up to US$500 million in securities to support further purchases and shore up operating capital.
Semler also disclosed a tentative US$30 million settlement with the Department of Justice related to a civil probe, signaling ongoing legal pressures even as it pushes into risky, non-core asset classes.
The firm's stock is down 36 percent this year, remaining a polarizing example of Bitcoin's expanding foothold in non-crypto industries.
Oklahoma’s ambitious plan to become a state-level crypto pioneer came to an abrupt halt after its Strategic Bitcoin Reserve Act (HB1203) failed to pass the Senate Revenue and Taxation Committee by a razor-thin 6–5 vote.
The proposed legislation would have allowed the State Treasurer to allocate up to 10 percent of public fund assets into Bitcoin and other large-cap digital assets, while also exploring staking mechanisms and crypto integration into retirement accounts.
Supporters argued the bill could hedge against inflation and government overreach, but critics raised concerns about volatility, fiduciary responsibility and the need for deeper regulatory safeguards.
With the bill's collapse, Oklahoma joins a growing list of states backing away from crypto investment, leaving Arizona, Texas and New Hampshire as the frontrunners in the race to make Bitcoin a strategic public asset.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
But how do these candlestick patterns work, and why do traders rely on them? Here’s what you need to know.
Candlestick charting traces its origins to 18th century Japan, where Munehisa Homma, a wealthy rice trader from Sakata, developed a system to analyze price movements in the rice futures market.
Homma meticulously recorded price fluctuations and identified patterns that reflected market sentiment, realizing that emotions such as fear and greed played a crucial role in price action. His insights allowed him to anticipate market trends, reportedly leading to immense trading success.
Homma’s techniques evolved into a structured system known as the Sakata Rules, which later laid the foundation for modern candlestick patterns. These rules emphasized the importance of recognizing repetitive price formations and interpreting their psychological implications.
Homma’s pioneering work made him legendary in Japan’s trading circles, with some historical accounts claiming he executed 100 consecutive winning trades using his methodology.
Candlestick charts remained largely unknown outside Japan until the late 20th century, where Steve Nison, an American technical analyst, introduced candlestick charting to Western financial markets in the 1980s.
Through extensive research, Nison translated and refined Japanese candlestick techniques, integrating them into modern technical analysis. His 1991 book, Japanese Candlestick Charting Techniques, became a seminal work, widely regarded as the definitive guide on the subject.
Candlestick patterns provide traders with crucial insights into market sentiment, signaling potential reversals, continuations, or periods of indecision. These patterns are categorized into three main types:
Bullish candlestick patterns typically appear after a downtrend, signaling a potential shift in momentum as buying pressure increases. These patterns suggest that buyers are stepping in and that a reversal to the upside may be underway.
Bullish engulfing candlestick pattern.
Image via commons.wikimedia.org.
Hammer candlestick pattern.
Image via commons.wikimedia.org.
Inverted hammer candlestick pattern.
Image via commons.wikimedia.org.
Morning star candlestick pattern.
Image via commons.wikimedia.org.
Three white soldiers candlestick pattern.
Image via commons.wikimedia.org.
Bearish candlestick patterns appear after an uptrend, signaling a potential reversal as selling pressure increases. These formations suggest that buyers are losing momentum, and a downward move may be imminent.
Bearish engulfing candlestick pattern.
Image via commons.wikimedia.org.
Shooting star candlestick pattern.
Image via commons.wikimedia.org.
Hanging man candlestick pattern.
Image via commons.wikimedia.org.
Evening star candlestick pattern.
Image via commons.wikimedia.org.
Three black crows candlestick pattern.
Image via commons.wikimedia.org.
Neutral candlestick patterns signal market indecision and can lead to either a continuation of the existing trend or a reversal. Traders should consider additional indicators or confirmation signals before acting on these patterns.
Doji candlestick pattern.
Image via commons.wikimedia.org.
Spinning top candlestick pattern.
Image via commons.wikimedia.org.
While candlestick patterns provide valuable insights into market sentiment, relying on them alone can lead to false signals, especially in a volatile market like Bitcoin.
To increase accuracy, traders often combine these patterns with technical indicators that help confirm trends, momentum and potential reversals. Below are some of the most effective indicators to use alongside candlestick patterns:
Application: If a bullish candlestick pattern (eg., bullish engulfing, morning star) appears while Bitcoin’s price is above a key moving average (such as the 50 day or 200 day MA), this strengthens the signal that an uptrend may continue.
Conversely, if a bearish candlestick pattern (eg., bearish engulfing, shooting star) forms below a moving average, it increases the likelihood of further downside.
Application: A bullish candlestick pattern forming when RSI is below 30 strengthens the case for a trend reversal (eg., a Hammer appearing in oversold conditions could indicate a strong buying opportunity).
A bearish candlestick pattern forming when RSI is above 70 suggests that the price may be primed for a pullback (eg., a Shooting Star forming in overbought conditions signals potential downside).
Application: If a bullish reversal pattern (eg., morning star) appears with high volume, it confirms strong buyer interest and increases the likelihood of a sustained uptrend.
If a bearish reversal pattern (eg., bearish engulfing) forms with high volume, it signals aggressive selling pressure and strengthens the bearish outlook.
While candlestick patterns are valuable tools, it is very easy to misuse them—leading to unnecessary losses. Understanding common pitfalls can help investors refine their strategies and improve decision making.
How to avoid it: Always combine candlestick patterns with other indicators (eg., RSI, moving averages, volume analysis). Furthermore, look for follow-through price action — a second candle that confirms the expected move.
How to avoid it: Prioritize patterns on higher timeframes (daily, weekly) for more reliable signals. If trading lower timeframes (eg. 15 minute chart), ensure the pattern aligns with the higher timeframe trend.
How to avoid it: Stick to high-probability setups where multiple factors confirm the trade. Wait for patterns to form at key levels, not in random price areas. Set clear entry and exit rules instead of reacting impulsively.
How to avoid it: Always check news before trading, especially for large moves. Avoid trading right before or after high-impact events, as volatility can distort patterns. Use candlestick analysis in combination with fundamental trends.
Candlestick patterns have stood the test of time, but while these patterns offer valuable insights into market sentiment, they are not foolproof signals. Successful trading is a holistic skill — it means understanding that context, confirmation and discipline are just as important as recognizing the patterns themselves.
By combining these patterns with other essential factors and indicators, traders can refine their strategies and make more informed decisions.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Here's a quick recap of the crypto landscape for Monday (April 14) as of 9:00 p.m. UTC.
At the time of this writing, Bitcoin (BTC) was priced at US$84,833.31 and is up 1.2 percent in 24 hours. The day's range has seen a low of US$84,050.56 and a high of US$85,667.65.
Bitcoin performance, April 14, 2025.
Chart via TradingView.
The recovery appears to be related to last week's announcement of partial import tariff relief, but the uncertainty of ongoing US-China trade tensions kept Bitcoin from rallying above US$86,000.
Ethereum (ETH) is priced at US$1,635.11, a 3.1 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,624.37 and a high of US$1,677.74.
Kraken announced on Monday that it will expand beyond cryptocurrencies to offer eligible users trade services for over 11,000 US-listed stocks and exchange-traded funds through Kraken Securities.
Users will be able to trade traditional assets and cryptocurrencies within a single Kraken account. The service is available to select states as part of a phased rollout, with plans to expand to all states and the UK, Europe and Australia.
Circle’s Euro-backed stablecoin, EURC, is experiencing growth amidst a strengthening Euro, its market cap growing from around $83 million at the beginning of 2025 to $204 million at the time of writing.
The euro has been rallying while the dollar falls amidst escalating trade tensions between the US and the rest of the world. Obchakevich Research founder Alex Obchakevich expects Euro Coin will continue to grow even as nations reach a trade deal that he projects will stabilize the Euro at around $1.11.
“I predict EURC to grow to 400 million euros by the end of this year. This will be further impacted by MiCa regulatory support and economic challenges,” he said.
Following a dramatic price collapse in the MANTRA (OM) token on Sunday (April 13) that wiped out billions of dollars in market cap, CEO John Mullin spoke in a now-deleted AMA thread hosted by Cointelegraph on X.
During the Monday discussion, Mullin denied accusations of insider selling or “rug pulling,” saying the plunge occurred after exchanges closed positions without notice.
On-chain data revealed that around US$227 million worth of OM was deposited from 17 wallets, with two linked to strategic investor Laser Digital. Arkham data revealed those wallets moved millions of OM to OKX and Binance in the days leading up to the collapse.
“The Mantra association, our key investors, our advisers — no one has sold, and we are going to categorically deny and also provide verifiable proof onchain proof that this is the case,” Mullin stated in the AMA, adding that he “(doesn’t) know who those wallets belong to.”
Mantra is up 10.8 percent to US$0.65 at the time of writing, far below its April 9 price of US$6.76.
Michael Saylor’s firm, Strategy, capitalized on sharp equity market swings last week, purchasing 3,459 more BTC valued at US$285.8 million between April 7 to 13.
The buy was funded through its at-the-market equity offering as shares fluctuated from -11 percent to +25 percent, demonstrating the firm’s commitment to BTC accumulation even during periods of financial instability. Strategy’s Bitcoin holdings now total around US$45 billion, representing about 2.5 percent of the total BTC supply.
The firm also disclosed a forthcoming US$5.9 billion unrealized loss due to new accounting rules requiring market-based valuations for digital assets. Even so, Strategy remains on track with its plan to raise US$42 billion through 2027 for continuous Bitcoin acquisitions, reinforcing its identity as a long-term Bitcoin maximalist corporate play.
Japanese investment firm Metaplanet has acquired 319 BTC at an average price of US$83,147, bringing its total treasury to 4,525 BTC. That makes it the ninth largest publicly traded Bitcoin holding company.
This acquisition is part of its broader treasury strategy to build shareholder value through Bitcoin accumulation, initiated in December 2024. The company now has a cost basis of US$408.1 million and evaluates its Bitcoin performance using Bitcoin yield, which hit 95.6 percent in the first quarter of 2025.
Backed by sophisticated financial engineering such as bond issuances and stock acquisition rights, Metaplanet has executed over 41 percent of its “210 million plan,” demonstrating significant momentum.
The firm’s bold approach also reflects Japan’s evolving stance toward crypto as a mainstream asset class and could influence similar treasury strategies in Asia.
The crypto lending market remains well below its former highs, down from US$64.4 billion in 2021 to US$36.5 billion at the close of 2024, according to a new report by Galaxy Digital.
This contraction is largely due to the collapse of major centralized finance (CeFi) lenders like Genesis, BlockFi, Celsius, and Voyager, which together lost 82 percent of their lending capacity during the bear market.
However, decentralized finance (DeFi) has made a stunning recovery, with open borrows jumping from US$1.8 billion in late 2022 to US$19.1 billion across 20 platforms and 12 blockchains — a 959 percent increase. Galaxy attributes this to DeFi’s permissionless nature, transparency, and its resilience during market turmoil that crushed CeFi players.
Today, Tether, Galaxy, and Ledn dominate the surviving CeFi space, accounting for nearly 89 percent of its total activity, while DeFi’s growth hints at a larger shift toward decentralized, non-custodial financial infrastructure in the post-crash era.
Google (NASDAQ:GOOGL) will begin enforcing stricter ad policies across 27 European countries beginning on April 23, requiring all crypto advertisers to comply with the Markets in Crypto-Assets (MiCA) regulation or be licensed under the Crypto Asset Service Provider framework.
All crypto exchanges and wallet providers advertising on Google must now also be certified by Google, and meet additional national-level legal obligations, further tightening the regulatory net on digital asset marketing.
This marks a significant shift in how crypto services are promoted in the EU and could weed out illicit players while boosting trust in licensed entities. Noncompliance will first trigger a warning before eventual account suspensions, giving advertisers a brief grace period to align with the rules.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
At the time of this writing, Bitcoin (BTC) was priced at US$83,823.99 and up 5.2 percent in 24 hours. The day's range has seen a low of US$81,675.28 and a high of U$83,968.58.
Bitcoin performance, April 11, 2025.
Chart via TradingView.
Markets recovered on Friday afternoon after a week of unprecedented volatility triggered by an ongoing trade war between the US and China. Stronger-than-expected producer price index data out of the US suggests inflation could be easing, igniting a recovery for the crypto and stock markets.
Ethereum (ETH) is priced at US$1,565, a 3 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,549.00 and a high of US$1,582.64.
US President Donald Trump has signed into law a bill nullifying an Internal Revenue Service (IRS) rule that controversially expanded the definition of “broker” to include decentralized finance (DeFi) platforms.
The regulation, finalized in the waning days of the Biden administration, would have required DeFi protocols — which operate without intermediaries — to report detailed user transaction data to the IRS, something crypto developers argued was both technically unfeasible and legally dubious.
With bipartisan support, both chambers of Congress passed the reversal using the Congressional Review Act. The decision is part of Trump’s broader pledge to position the US as a global crypto leader.
In his first week back in office, he created a federal working group on cryptocurrency regulation and signed an executive order to build a national Bitcoin reserve. The Trump administration has also repeatedly criticized the Biden-era IRS framework as stifling innovation and creating legal liabilities for developers.
Intending to build on the US Securities and Exchange Commission's (SEC) Crypto Task Force, the commission's Division of Corporation Finance issued guidance on how federal securities laws should apply to crypto.
The commission said companies issuing or dealing with tokens that could be securities should give better details about their business. However, the statement didn’t provide clarity on what digital assets could be securities.
Crypto companies typically provide details about their operations, the function of their tokens, and their plans for generating revenue. They also address their future involvement with any launched crypto networks or apps, specifying who will take responsibility for them if the company itself does not.
The SEC has requested that cryptocurrency companies provide additional details about their technology. This includes specifying whether their product uses a proof-of-work or proof-of-stake blockchain, as well as information about its block size, transaction speed, reward mechanisms and the measures taken to ensure network security.
The SEC also asked whether the protocol is open-source or not.
It added that a company should share if a protocol’s code can be modified, and if so, who can make such changes and whether the smart contracts involved have been subjected to a third-party security audit.
Other disclosures the statement mentioned are whether the token’s supply is fixed and how it was or will be issued, along with identifying executives and “significant employees.”
New York could soon become one of the first US states to formally integrate cryptocurrency into government operations.
A newly filed bill, Assembly Bill A7788, introduced by Assemblymember Clyde Vanel, proposes to allow state agencies to accept crypto — including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash — for a wide range of payments such as taxes, fees, rent, and fines.
The proposed legislation would authorize agencies to enter agreements with crypto payment providers, ensuring that final settlements are made in fiat currency to shield state budgets from crypto market volatility.
More importantly, the bill stipulates that debts would not be considered legally settled until the state receives full fiat payment, preserving the integrity of public finance processes.
Agencies may also charge service fees to offset transaction costs and volatility hedging. While this is not the first time such a proposal has emerged — similar bills were introduced in previous legislative sessions but failed to advance — the current climate of growing mainstream adoption and Trump-era pro-crypto sentiment may improve its chances.
The SEC and Ripple have filed a joint motion to put their appeals in abeyance, pausing proceedings in a sign that both entities anticipate a settlement will be reached when newly appointed SEC Chairman Paul Atkins takes over.
The Senate confirmed Atkins on April 9; however, no date has been set for his swearing-in.
“An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter,” the parties jointly stated in an April 10 court filing. Ripple’s defense attorney, James Filan, said the new filing supersedes the April 16 deadline for Ripple to respond to the SEC’s brief filed in January.
In other developments, the SEC dismissed its lawsuit against Helium developer Nova Labs for allegedly issuing unregistered securities.
BlackRock (NASDAQ:BLK) released its Q1 earnings report on Friday, reporting US$84 billion in total net inflows in the first quarter of 2025, marking a 3 percent annualized growth in assets under management (AUM).
Its performance was led in part by US$107 billion in net inflows to its iShares ETFs, roughly US$3 billion, or 2.8 percent, directed to digital asset products. Digital AUM amounted to US$50.3 billion at the end of Q1, roughly 0.5 percent of the firm’s US$11.6 trillion total AUM.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.