Bitcoin Bancorp Hires PCAOB Auditor, Eyes Nasdaq Uplisting

Bitcoin Bancorp, Inc. (OTC: BCBC), the holder of foundational patents for Bitcoin ATMs and one of only three publicly traded Bitcoin ATM network owner/operators, has taken a significant step toward improving its financial transparency and governance. The company announced it has engaged a PCAOB-registered independent public accounting firm to audit its financial statements. This move is part of a broader strategy to prepare for potential uplisting to higher-tier public markets, including the OTCQB and ultimately the Nasdaq Stock Market. The audits will follow standards set by the Public Company Accounting Oversight Board (PCAOB) and cover the company's financial reporting periods, aiming to align with SEC reporting readiness and national exchange compliance.

The engagement marks a milestone in Bitcoin Bancorp's corporate development, as highlighted by 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.' The company believes that completing the audit process will enhance transparency and broaden visibility among investors and market participants as it evaluates future growth opportunities. Bitcoin Bancorp, headquartered in Las Vegas, Nevada, focuses on digital asset infrastructure and Banking-as-a-Service (BaaS), including licensed Bitcoin ATM networks, blockchain technologies, and Web 3.0–enabled platforms.

Bitcoin Bancorp owns foundational intellectual property related to Bitcoin ATMs, including U.S. Patent Nos. US9135787B1 and US10332205B1, through its wholly owned subsidiary First Bitcoin Capital LLC. As previously announced, the company exclusively licenses these patents. The company operates a growing network of compliant Bitcoin ATMs through licensed third-party operators in convenience-store and retail environments. The press release was distributed via PRISM MediaWire, a trusted press release distribution service. Shares of Bitcoin Bancorp trade under the ticker BCBC on OTC Markets.