Bitcoin Bancorp Hires PCAOB-Registered Auditor, Paving Way for Nasdaq Uplisting

Bitcoin Bancorp, Inc. (OTC: BCBC), a holder of foundational patents for Bitcoin ATMs and one of only three publicly traded Bitcoin ATM network operators, has taken a significant step toward improving its corporate governance and financial transparency. The company announced it has engaged a PCAOB-registered independent public accounting firm to audit its financial statements, a move that aligns with its strategy to potentially uplist 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 compliance with national exchange standards. According to the press release, the engagement represents a milestone in the company’s operational and corporate development initiatives, with the goal of improving transparency and broadening visibility among investors and market participants.

Eric Noveshen of Bitcoin Bancorp expressed enthusiasm about the development, stating, “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, 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.

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, forming a growing network of compliant retail access points for digital assets across convenience stores and retail environments. Bitcoin Bancorp is committed to advancing blockchain-enabled financial infrastructure through secure technology platforms, strategic retail partnerships, and responsible operating standards.

The move to engage a PCAOB-registered auditor is a critical step for any company seeking to uplist to a national exchange like Nasdaq, which requires rigorous financial reporting and compliance with SEC regulations. By preparing for SEC reporting, Bitcoin Bancorp aims to attract a broader base of institutional investors who demand higher transparency and governance standards. The company’s shares currently trade on the OTC Pink market under the symbol BCBC, and achieving eligibility for OTCQB or Nasdaq could provide increased liquidity and visibility.

Bitcoin Bancorp is not licensed as a bank in the United States and does not provide custody or banking services. The company encourages shareholders and the public to follow its updates through its 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.

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