Bitcoin Bancorp, Inc. (OTC: BCBC), a holder of foundational patents for Bitcoin ATMs and a publicly traded Bitcoin ATM network operator, announced on May 11, 2026, 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. Eric Noveshen of Bitcoin Bancorp stated, “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.”
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. This move is crucial for Bitcoin Bancorp as it seeks to enhance its credibility and attract institutional investors, which often require audited financial statements before considering investments. 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 and next-generation financial services through licensed Bitcoin ATM networks, blockchain technologies, and Web 3.0–enabled platforms.
As previously announced, 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. Bitcoin Bancorp owns Bitcoin ATMs that are operated by licensed third-party operators within the jurisdictions in which they reside, 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 monitor material events and financial information through the Company’s website, OTC Markets’ disclosures, press releases, public conference calls, and webcasts. The company also uses social media channels to communicate, including its blog and X (formerly Twitter) account @BCBC_stock. Additional information can be found on the OTC Markets page for BCBC.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied. Factors that could cause such differences include general industry and market conditions, economic conditions, and governmental and public policy changes. The Company disclaims any obligation to update these forward-looking statements.
