Bitcoin Bancorp, Inc. (OTC: BCBC), a holder of foundational Bitcoin ATM patents and one of only three publicly traded Bitcoin ATM network owner/operators, announced today that it has engaged a PCAOB-registered independent public accounting firm to audit the Company’s financial statements. This move is a significant step in the Company’s efforts to strengthen corporate governance, improve financial transparency, and advance its preparation for 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. The 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, through its wholly owned subsidiary First Bitcoin Capital LLC, owns and exclusively licenses foundational intellectual property related to Bitcoin ATMs, including U.S. Patent Nos. US9135787B1 and US10332205B1. The Company owns Bitcoin ATMs operated by licensed third-party operators in jurisdictions where they reside, forming a growing network of compliant retail access points for digital assets across convenience-store and retail environments.
Headquartered in Las Vegas, Nevada, Bitcoin Bancorp is a diversified digital asset infrastructure and Banking-as-a-Service (BaaS) company focused 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. The Company 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 milestone for Bitcoin Bancorp as it seeks to meet the rigorous financial reporting standards required for uplisting. For more information about the Company, visit its website or view the latest updates on its newsroom.
