Bitcoin Bancorp, Inc. (OTC: BCBC), a holder of foundational patents for Bitcoin ATMs and one of only three publicly traded Bitcoin ATM network owner/operators, has engaged a PCAOB-registered independent public accounting firm to audit the Company's financial statements. This engagement is a significant milestone in the Company's efforts to strengthen corporate governance, improve financial transparency, and prepare for a potential uplisting to higher-tier public markets, including the OTCQB and ultimately the Nasdaq Stock Market.
The audits will be conducted in accordance with standards established by the Public Company Accounting Oversight Board (PCAOB) and will cover the Company's financial reporting periods. This initiative is intended to support Bitcoin Bancorp's transition toward SEC reporting readiness and alignment with national exchange compliance standards. "We are excited to begin working with a PCAOB-registered auditor as we continue strengthening our financial reporting infrastructure and positioning Bitcoin Bancorp for its next phase of growth," said Eric Noveshen of Bitcoin Bancorp. "This milestone reflects continued progress in the Company's operational and corporate development initiatives. Completion of the audit process is expected to improve transparency and broaden visibility among investors and market participants as the Company evaluates future growth opportunities."
Bitcoin Bancorp, headquartered in Las Vegas, Nevada, is a diversified digital asset infrastructure and Banking-as-a-Service (BaaS) company focused on expanding secure retail access to cryptocurrency through licensed Bitcoin ATM networks, blockchain technologies, and Web 3.0–enabled platforms. Through its wholly owned subsidiary First Bitcoin Capital LLC, the company owns and exclusively licenses foundational intellectual property related to Bitcoin ATMs, including U.S. Patent Nos. US9135787B1 and US10332205B1. Bitcoin Bancorp owns Bitcoin ATMs operated by licensed third-party operators, forming a growing network of compliant retail access points for digital assets across convenience-store and retail environments.
The company plans to use the audit results to support its potential uplisting to the OTCQB and Nasdaq, which would provide greater visibility and access to institutional investors. As part of this transition, Bitcoin Bancorp is also focusing on SEC reporting readiness, which would require regular financial disclosures and compliance with stricter governance standards. The company is not licensed as a bank in the United States and does not provide custody or banking services.
Shareholders and potential investors are encouraged to review material information posted on the company's website and social media channels, including its blog at https://bitcoinbancorp.com/blog/ and OTC Markets page at https://www.otcmarkets.com/stock/BCBC/overview. The company also maintains an investor newsroom at https://tinyurl.com/bcbcnewsroom.
Forward-looking statements in this press release involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially. The company disclaims any obligation to update these statements.
