Bitcoin Well Inc reports slight decrease in August gross profit

Edmonton, Alberta, September 3, 2026, Bitcoin Well Inc., a publicly traded non-custodial bitcoin company, today released its preliminary operating results and business updates for August 2026. The company’s gross profit for August 2026 reached $265,000, a slight decrease from $295,000 in July 2026 and $546,000 in August 2025. Despite the decline, the company noted a significant increase in its customer base, which surpassed 80,500 by the end of August 2026, up from 79,000 at the end of July 2026 and 59,900 at the end of August 2025. Yearly active users also saw a modest increase, reaching 12,600 by the end of August 2026, compared to 13,111 at the end of July 2026 and 11,824 at the end of August 2025.

Adam O'Brien, the company’s Founder and CEO, attributed the decrease in gross profit to the fluctuation in the bitcoin market. “While the overall market sentiment has affected our figures, the team has continued to build meaningful products and respond to challenges,” said O'Brien. “We are particularly excited about the launch of the Bitcoin IRA, which we believe will provide significant customer acquisition and engagement.”

Key advancements during the month included the continued development of the Bitcoin IRA, which is scheduled to launch in the third quarter of 2026. The company also made improvements to the Bitcoin Well Infinite portal, enhancing its functionality for large transaction users. Security improvements were also a priority, aimed at addressing the increasing number of attacks on the Bitcoin ecosystem.

The company reported a debt settlement agreement with a creditor for $84,048.00, accrued under a sponsorship agreement from March 1, 2026, to July 31, 2026. The settlement involved the issuance of 2,101,200 common shares at a deemed price of $0.04 per share. The creditor is an arm's length party, and the issuance did not result in the creation of a new insider or control person of the company.

Bitcoin Well remains committed to its mission of enabling independence through the use of bitcoin. “Bear markets are for building, and our team is ready for the challenges ahead,” O'Brien concluded. “We are confident that our strategic initiatives will position us well for the future.”

The company’s future plans include ongoing development of the Bitcoin IRA and further enhancements to the Bitcoin Well Infinite portal to support its growing customer base. Bitcoin Well continues to operate with a focus on security and innovation, despite the recent market fluctuations.