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, 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 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. This initiative is intended to support Bitcoin Bancorp’s transition toward SEC reporting readiness and alignment with national exchange compliance standards. As previously announced, the Company owns and exclusively licenses foundational intellectual property related to Bitcoin ATMs, including U.S. Patent Nos. US9135787B1 and US10332205B1.
“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 owns Bitcoin ATMs that are 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 is committed to advancing blockchain-enabled financial infrastructure through secure technology platforms, strategic retail partnerships, and responsible operating standards. Bitcoin Bancorp 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 information posted on the Company’s website and social media channels, including the blog, and OTC Markets disclosures at OTC Markets. Forward-looking statements in this press release involve risks and uncertainties, and actual results may differ materially. The Company disclaims any obligation to update forward-looking statements.
