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 step in the company’s efforts to enhance corporate governance and financial transparency as it prepares 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 supports Bitcoin Bancorp’s transition toward SEC reporting readiness and alignment with national exchange compliance standards. According to the company, completion of the audit process is expected to improve transparency and broaden visibility among investors and market participants as it evaluates future growth opportunities.
“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.
Bitcoin Bancorp, 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. The company, 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. Its Bitcoin ATMs are operated by licensed third-party operators, forming a growing network of compliant retail access points for digital assets across convenience stores and retail environments.
The engagement of a PCAOB-registered auditor underscores Bitcoin Bancorp’s commitment to advancing blockchain-enabled financial infrastructure through secure technology platforms, strategic retail partnerships, and responsible operating standards. The company is not licensed as a bank in the United States and does not provide custody or banking services.
This development is expected to position Bitcoin Bancorp for greater transparency and investor confidence as it pursues uplisting to national exchanges. The company plans to use the audited financials to support its SEC reporting and exchange compliance initiatives.
