That's 100% correct. The way Bitcoin is treated right now is if I sent you a thousand dollars in Bitcoin, that would be a taxable event for me. I'd have to pay capital gains tax on that thousand dollars that I sent to you. If you want to use it practically in commerce like that, it wouldn't make any sense.
What we did was buy it with our profits. We operate 100% in Canadian dollars. Whatever is left over is what we use to sweep over into Bitcoin.