5 big analyst AI moves: Apple lifted to Buy, AI chip bets reassessed
LAS VEGAS - Bitcoin Bancorp, Inc., formerly known as Bullet Blockchain, Inc., announced Tuesday that FINRA has completed the company’s corporate action to change its name and trading symbol. The micro-cap company, currently valued at $48.6 million, has seen remarkable growth with a 151% return over the past six months, according to InvestingPro data.
The company’s stock, previously trading under the symbol OTC:BULT, will begin trading as OTC:BCBC effective at market open on October 15, 2025. No action is required from shareholders, and all existing shares remain valid and tradable. The stock currently trades at $0.12, having experienced significant volatility with a recent 20% decline over the past week.
"Rebranding to Bitcoin Bancorp marks the evolution of our Company into a Bitcoin-native financial services institution with patented Bitcoin ATM technologies, a licensed Bitcoin ATM network, and Bitcoin Treasury management solutions for NASDAQ companies," said Eric Noveshen, Director of Bitcoin Bancorp, in the press release.
The Las Vegas-based company owns two U.S. patents related to Bitcoin ATM technologies (US9135787B1 and US10332205B1) and operates Bitcoin ATMs through licensed third-party operators.
The company’s CUSIP (12023B103) and ISIN (US12023B1035) will remain unchanged following the rebranding.
Bitcoin Bancorp describes itself as a diversified digital asset and blockchain-as-a-service company specializing in blockchain technologies and Web 3.0. The company noted in its statement that it is not licensed as a bank in the U.S. and does not provide banking services.
The announcement contains forward-looking statements about the company’s future performance and operations, which are subject to risks and uncertainties according to the press release. InvestingPro analysis reveals multiple additional insights about Bitcoin Bancorp’s financial health and market performance, with 8 more exclusive ProTips available to subscribers.
In other recent news, Sadot Group Inc. has engaged Bitcoin Bancorp to develop a Bitcoin treasury strategy, making it one of the first NASDAQ-listed agricultural companies to explore Bitcoin as a treasury reserve asset. This move is part of a board-approved policy framework. Meanwhile, Bitcoin Bancorp, formerly known as Bullet Blockchain, has announced a rebranding to align with its focus on expanding its Bitcoin ATM network and financial technology services. The company holds two U.S. patents for Bitcoin ATM technology, which it considers essential for operations across North America. Additionally, Bullet Blockchain has partnered with Tangem, a Swiss hardware wallet provider, to distribute secure cryptocurrency wallets. This collaboration will enable Tangem users to access cryptocurrency trading and other services through Bullet Blockchain’s network. Bullet Blockchain has also outlined a strategic growth plan to expand its Bitcoin ATM network in the U.S., focusing on operational expansion, leadership enhancement, capital acquisition, and strategic partnerships.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.