Bitcoin Well has initiated a $100 million private placement financing round to develop a dual-track strategy for Bitcoin custody and treasury services.

BlockBeats News, September 30th, Bitcoin Well, a company dedicated to providing non-custodial Bitcoin services and empowering users' financial independence, announced today the launch of a $100 million (or 5000 BTC) private placement. The issuance is planned to be completed in one or multiple tranches, with the aim of establishing the company as an industry leader integrating Bitcoin operational business with a large-scale Bitcoin treasury.

As a phased milestone, the company has completed the first round of delivery, issuing 122,471,380 shares and raising $12,492,081 CAD (including 37.31 BTC, converted at the September 24, 2025, CME CF Bitcoin reference rate and the same-day USD to CAD exchange rate from the Bank of Canada). This round of financing has increased its Bitcoin treasury from 11 BTC to over 75 BTC, a 700% surge.