Bitcoin Well Partners with AnchorWatch to Expand Customer Protection Options
Bitcoin Well, a non-custodial bitcoin business, has announced an agreement with AnchorWatch, a provider of Bitcoin-native custody and insurance solutions. This partnership will allow Bitcoin Well to offer its customers additional protection for their bitcoin through recurring referral fees.
The agreement is designed to expand the options available to customers seeking added security for their assets without compromising the principles of self-custody.
AnchorWatch's multisignature model ensures that no single party can unilaterally move a customer's bitcoin, while supporting needs such as insurance and inheritance planning. This collaborative custody approach aligns with Bitcoin Well's mission to enable independence by providing customers with a sovereign recovery path.
In connection with the agreement, Bitcoin Well has completed its previously announced debt settlement, issuing 2,101,200 common shares at a deemed price of $0.04 per share in full and final settlement of outstanding indebtedness.