Bitcoin Bancorp, Inc. (OTC: BCBC), a holder of foundational patents for Bitcoin ATMs and a publicly traded Bitcoin ATM network operator, announced today that it has engaged a PCAOB-registered independent public accounting firm to audit the Company’s financial statements. This engagement marks 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 designed to support Bitcoin Bancorp’s transition toward SEC reporting readiness and alignment with national exchange compliance standards. According to Eric Noveshen of Bitcoin Bancorp, “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.”
Bitcoin Bancorp, headquartered in Las Vegas, Nevada, is a diversified digital asset infrastructure and Banking-as-a-Service (BaaS) company. The Company focuses on expanding secure retail access to cryptocurrency and next-generation financial services through licensed Bitcoin ATM networks, blockchain technologies, and Web 3.0–enabled platforms. Through its wholly owned subsidiary First Bitcoin Capital LLC, Bitcoin Bancorp owns and exclusively licenses foundational intellectual property related to Bitcoin ATMs, including U.S. Patent Nos. US9135787B1 and US10332205B1.
The Company owns Bitcoin ATMs that are operated by licensed third-party operators within their jurisdictions, forming a growing network of compliant retail access points for digital assets across convenience-store and retail environments. Bitcoin Bancorp is committed to advancing blockchain-enabled financial infrastructure through secure technology platforms, strategic retail partnerships, and responsible operating standards. It is important to note that Bitcoin Bancorp is not licensed as a bank in the United States and does not provide custody or banking services.
The engagement of a PCAOB-registered auditor is a critical step for the Company as it evaluates future growth opportunities. Completion of the audit process is expected to enhance transparency and broaden visibility among investors and market participants. The Company has been actively working on operational and corporate development initiatives, and this milestone reflects continued progress in those areas.
For more information, shareholders and potential investors can review the Company’s disclosures on OTC Markets and follow updates on the Company’s blog at BitcoinBancorp.com/blog. The Company also communicates material information via its website and social media channels, including X (formerly Twitter) at @BCBC_stock and Reddit at r/BULT.
Forward-looking statements in this press release involve risks and uncertainties that could cause actual results to differ materially. The Company disclaims any obligation to update these statements. Readers are urged to consider terms such as “anticipate,” “believe,” “expect,” “intend,” and “plan” as uncertain.
