Bitcoin Well Partners with AnchorWatch to Expand Services and Diversify Revenue

Bitcoin Well Inc, a non-custodial bitcoin business, has announced a strategic agreement with AnchorWatch, a provider of Bitcoin-native custody and insurance solutions. This move is aimed at diversifying Bitcoin Well’s revenue streams and providing customers with additional protection for their bitcoin holdings.

Under the agreement, Bitcoin Well will connect its customers directly with AnchorWatch, enabling them to benefit from AnchorWatch’s multisignature model. This model ensures that no single party can unilaterally move a customer’s bitcoin, while also supporting insurance and inheritance planning needs. The multisignature model is designed to provide customers with greater control over their funds while mitigating single-party risk.

Chantel Lillycrop-Kostiuk, Vice President of Operations at Bitcoin Well, explained that the agreement aligns with the company’s self-custody mission. “Our customers are at different stages of their Bitcoin journey. While self-custody remains at the heart of Bitcoin Well, some customers, particularly those with larger holdings, are looking for additional support with insurance and inheritance planning,” said Lillycrop-Kostiuk.

AnchorWatch’s cofounder, Becca Rubenfeld, expressed enthusiasm about the partnership. “AnchorWatch is excited to directly support the needs of Bitcoin Well customers. Our custody options give bitcoin owners the flexibility to stay in control of their funds while avoiding single-party risk. With the combination of our battle-tested infrastructure and insurance, we look forward to providing the most resilient custody on the market to Bitcoin Well customers.”

The agreement represents a capital-efficient growth opportunity for Bitcoin Well, complementing its non-custodial business model. By generating additional value from customer relationships without building custody infrastructure, holding customer assets, or managing private keys, Bitcoin Well can focus on its core mission of enabling independence for everyday bitcoin users.

In related news, Bitcoin Well has completed its previously announced debt settlement. The company issued 2,101,200 common shares at a deemed price of $0.04 per share in full and final settlement of outstanding indebtedness in the amount of $84,048. The debt related to payments for services accrued under a sponsorship agreement during the period from March 1, 2026, to July 31, 2026. The issuance of the common shares did not result in the creation of a new insider or control person of the company.

The debt settlement remains subject to the final approval of the TSX Venture Exchange, and the securities issued in connection with the debt settlement are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.

This strategic move and debt settlement are expected to strengthen Bitcoin Well’s financial position and provide it with the resources to continue its mission of enabling independence for everyday bitcoin users.