Price Volatility is Noise, Growth is Signal: Q1 2026 Results

The first quarter of 2026 provided a perfect "stress test" for the Bitcoin ecosystem. Between January 1 and March 31, the market price of Bitcoin saw a sharp decline of over 20%, falling from CAD $120,000 to under CAD $95,000.

To the legacy media, this is "volatility." To us, it’s just the Law of Rhythm in action. While the price took a breather, our business didn’t. We are building a scalable machine capable of performing in any market condition, and our Q1 results prove it.

The Numbers: Sustained Growth in a Downturn

We reported $34.9 million in total revenue for Q1 2026, a 10% increase over the same period last year.

Bitcoin Well Infinite: This segment was our star performer, skyrocketing 57% to $18.3 million in revenue.
The Bitcoin Portal: While revenue dipped slightly to $12.0 million due to lower macro-driven transaction volumes, the real story is the user base.
Unique Users: We now have over 71,000 unique users in the Bitcoin Portal. That is an 82% increase from March 31, 2025 and an 11% increase from December 31, 2025.

When 82% more people are using a platform despite a 20% price drop, it tells you that Bitcoin is no longer a speculative "bet"; it is becoming a requirement for financial life.

Aggressive Expansion: Bitcoin Well Infinite

In February, we facilitated a single Bitcoin sale transaction of $11.4 million. This wasn't just a win for the balance sheet; it was a proof of concept for our Infinite business unit.

There is a massive, growing class of individuals and organizations who desire personalized service for large-scale sovereignty. Infinite is designed to capitalize on this demand, allowing a small number of high-impact customers to move the needle for our entire business performance. We will be aggressively growing this unit throughout 2026.

Investing in the Mission

Our Adjusted EBITDA for the quarter was negative $0.6 million. We have significantly increased our investments in marketing and advertising to promote the growth of the Online Bitcoin Portal and Bitcoin Well Infinite.

We aren't here to play defense. We are here to expand our online presence across both Canada and the United States, ensuring that when the market enters its next bull phase, we are the first exit ramp people see.

The Treasury: Skin in the Game

We don't just sell Bitcoin; we save in it. As of March 31, 2026, our Bitcoin Treasury held approximately 69 BTC, with a fair value of $7.7 million as of May 6, 2026. We continue to hold this net investment because we believe in the math, the scarcity, and the long-term sovereignty of the asset.

The Bottom Line

The underlying signal is the resilience of our customer base. We are moving in the right direction: building a business that thrives when Bitcoin grows and stands firm when it dips.

The fiat system is a leaking bucket. We are providing the life-raft.

Stay sovereign.

Join the movement. Sign up for the Bitcoin Well Portal and join the 71,000+ unique users taking control of their future.