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The latest update is out from Bitcoin Well Inc ( (TSE:BTCW) ).
Bitcoin Well Inc. reported a substantial increase in revenue for the fourth quarter and the full year of 2024, with Q4 revenue rising by 121% year-over-year to $30.1 million and annual revenue increasing by 66% to $90.5 million. This growth was largely driven by the significant expansion of the Bitcoin Portal, which saw a 361% increase in Q4 and a 201% increase over the year. The company also experienced a notable rise in unique registrations, reaching over 37,000 by March 2025. Despite the impressive revenue growth, the company reported a comprehensive loss for both the quarter and the year, reflecting ongoing challenges in achieving profitability.
More about Bitcoin Well Inc
Bitcoin Well Inc. is a non-custodial bitcoin business focused on enabling independence through its services. The company operates in the cryptocurrency industry, primarily offering services related to bitcoin transactions and management, with a significant emphasis on its Bitcoin Portal.
YTD Price Performance: -31.58%
Average Trading Volume: 512,460
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$18.96M
Find detailed analytics on BTCW stock on TipRanks’ Stock Analysis page.