- Bitcoin Well’s (BTCW) common shares will commence trading on the TSX Venture Exchange at the opening of markets on Friday, July 30, 2021
- The company has also acquired a privately-held, UK-based ATM operator, Paradime LTD o/a AlphaVend
- Bitcoin Well now owns and operates 26 machines across England, Scotland and Wales
- Bitcoin Well provides a secure platform to buy and sell bitcoin through its Bitcoin ATM network
- Once shares commence trading, Bitcoin Well will become the first publicly traded Bitcoin ATM company
Bitcoin Well’s (BTCW) common shares will commence trading on the TSX Venture Exchange at the opening of markets on Friday, July 30, 2021.
The company has also acquired a privately-held, UK-based ATM operator, Paradime LTD o/a AlphaVend.
The company’s Filing Statement has been filed with and accepted by the TSXV. Bitcoin Well announced the closing of its qualifying transaction on June 14, 2021, along with the conversion of the subscription receipts issued in connection with the company’s $7.0 million private placement offering. The TSXV issued its final exchange bulletin confirming the completion of the transaction on July 28, 2021.
“We are thrilled to begin this next phase of evolution for Bitcoin Well as we embark on life as a public company. We believe our listing will help to raise the profile of Bitcoin Well for new prospective investors and other market participants, who can also learn more about bitcoin and its role in aiding individuals to achieve financial sovereignty,” said Adam O’Brien, CEO of Bitcoin Well.
“Through our non-custodial model, we offer bitcoiners a secure and safe platform to buy and sell bitcoin, and will continue to pursue expansion of our Bitcoin ATM network, while also seeking to enhance our service offerings as a means of supporting our growth trajectory.”
By acquiring Paradime LTD o/a AlphaVend – currently the second-largest Bitcoin ATM operator in the UK – Bitcoin Well now owns and operates 26 machines across England, Scotland and Wales.
This type of acquisition sets the stage for further growth in Europe and around the world. As there are more than 35 existing operators in the UK region, Bitcoin Well can continue to evaluate potential acquisition opportunities.
In accordance with the terms of the acquisition agreement, the new UK subsidiary of Bitcoin Well is currently seeking to secure a permanent license and certain approvals from the Financial Conduct Authority in the UK. For additional details regarding the acquisition, please see the Company’s Filing Statement dated May 17, 2021, accessible on SEDAR.
Bitcoin Well offers convenient, secure and reliable ways to buy and sell bitcoin through a trusted Bitcoin ATM network and suite of web-based transaction services.
The company generates revenue and based on management’s assessment of publicly available data, will become the first publicly traded Bitcoin ATM company, with an enterprising consolidation strategy to deliver accretive and cost-effective expansion in North America and globally.