Bitcoin Well Inc. announced a private placement of 2,000,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 500,000 on August 23, 2021. The transaction included participation from Vinergy Capital Inc. Each unit is comprised of one common share and one-half warrant. Each full warrant is exercisable at CAD 0.375 until June 10, 2023.