Bitcoin Well, a Canadian company leading in the non-custodial bitcoin sector, announces the integration of Lightning Network into its US portal, making transactions more agile and less costly. On the other hand, it launches a debt settlement operation through the issuance of ordinary shares, thus consolidating its financial structure.
Let’s discover in detail the two strategic moves of the company that wants to “make bitcoin useful in everyday life.”
Lightning Network lands on the Bitcoin Well USA portal
With the declared goal of promoting users’ financial independence, Bitcoin Well has integrated Lightning Network support into its Bitcoin Portal operating in the United States. The new feature allows users to instantly convert bitcoin in their personal wallets into US dollars, directly into their bank account, without having to resort to intermediaries or face onerous fees.
Thanks to the new feature, the sales process of Bitcoin through the platform becomes significantly faster and more economical. Users can now choose between two network options (Bitcoin or Lightning), specify the amount they wish to receive in dollars, and select their linked bank account. Everything happens with just one click.
In the past, operations on the Bitcoin network involved prolonged waiting times, due to the minimum number of confirmations (four) required by the blockchain and the cost of mining fees. Now, however, thanks to the Lightning Network, transactions are executed instantly and without additional costs.
Bitcoin Well aims for fast transactions and zero custody risks thanks to Bitcoin Lightning Network
One of the most significant features of the Bitcoin Well portal lies in its non-custodial model, meaning that the user maintains direct control of their digital assets without having to load them onto an account managed by the platform. Unlike other solutions on the market, where the user must transfer their funds into a wallet controlled by the provider before making a transaction, Bitcoin Well offers a simplified and secure user experience.
From their personal portfolio, the user can sell bitcoin and immediately receive the funds in their bank account with a single operation, eliminating intermediate steps and reducing the risk of exposure of their cryptocurrencies.
Issuance of shares for debt settlement
In addition to technological improvements, Bitcoin Well is also tackling the financial front with determination. The company has announced a debt settlement plan through the issuance of common shares, for a total of 139,817 Canadian dollars, as of March 31, 2025. This debt is related to accrued interest on previous agreements, including contracts on the use of bitcoin and a convertible debenture.
The company has decided to extinguish 104,155 dollars of the total through the issuance of 801,190 shares at an implied price of 0.13 CAD per share. The remaining 35,662 dollars will be settled through the issuance of an additional 342,903 shares, this time valued at 0.104 CAD per unit. This operation, defined as “Debt Settlement”, is still awaiting approval from the TSX Venture Exchange.
The newly issued shares will be subject to a lock-up clause, meaning they will be blocked for a period of four months plus one day and cannot be sold by investors during this time frame.
Related party participation: the involvement of an executive
An additional detail concerns the participation of a member of the board of directors, who will take part in the initiative through a wholly-owned subsidiary. For this reason, the operation falls into the category of transactions with related parties, according to MI 61-101 regulations (“Protection of minority shareholders in special transactions”).
Bitcoin Well specified that it will take advantage of the exemptions provided by the law, as neither the market value of the operation nor the total amount of the transaction exceed 25% of the company’s capitalization.
The future according to Bitcoin Well
Founded with the mission to “empower people through bitcoin,” Bitcoin Well aims at “future-proofing money”, that is, making users’ funds secure, accessible, and ready for technological evolution. Its main activities, including the Bitcoin ATMs and the aforementioned Bitcoin Portal, are constantly being innovated to support this vision.
Through the constant improvement of its digital tools and careful management of corporate finances, the company continues to attract the interest of investors and position itself as a reference in the non-custodial cryptocurrency market.
Invitation to the community and transparency
Bitcoin Well invites the public, investors, and enthusiasts to follow its updates through the social platforms LinkedIn, Twitter, YouTube, and Nostr. Additionally, it is possible to schedule a virtual meeting with the founder and CEO Adam O’Brien, via the company’s official website.
It is finally specified that any statement made by the company containing projections, expectations, or estimates is to be considered “forward-looking”, therefore subject to risks, uncertainties, and future changes. Bitcoin Well reserves the right to update such information only if required by applicable securities laws.
A decisive step towards global adoption
With the adoption of the Lightning Network and the responsible use of stock issuance for debt restructuring, Bitcoin Well demonstrates its ability to innovate on the technological front and evolve on the business front. The future of money is being built today, and the Canadian company seems determined to be there, as a protagonist, from the very beginning.
