Bitcoin Well Provides August 2026 Business Update And Announces Debt Settlement

(TheNewswire)

Edmonton, Alberta – September 3, 2026 – TheNewswire - Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV: BTCW; OTCQB: BCNWF), the publicly traded non-custodial bitcoin company on a mission to enable independence, today reported preliminary operating results and business updates for August 2026.

Key Highlights

• Gross profit surpassed $265,000 in August 2026 ($295,000 in July 2026; $546,000 in August 2025)

• Total customer base surpassed 80,500 (79,000 at end of July 2026; 59,900 at end of August 2025)

• Yearly active users surpassed 12,600 (13,111 at end of July 2026; 11,824 at end of August 2025)

We believe the decline in Gross Profit is due to the bitcoin overall market sentiment. The bitcoin price in August 2025 was $108,000 USD on its way to the eventual all time high in October 2025. In August 2026 the bitcoin price opened the month at $63,000 USD and closed near $80,000 USD.

Key Advancements

We spent the month of August continuing to develop the Bitcoin IRA which will give our American customers the ability to buy bitcoin inside tax-advantaged structures. We expect the launch of the IRA (scheduled Q3 2026) to give the Company a significant boost of customer acquisition and customer spend into the final quarter of the year.