BTCS Inc. Announces Change in Independent Auditor

WAYNE, PA, March 31, 2026 – BTCS Inc. (Nasdaq: Ticker not specified), a blockchain technology-focused company, has announced a significant change in its independent registered public accounting firm—a move that may have implications for shareholders and could potentially impact the company’s share price depending on investor interpretation.

Key Points from the Report

• Dismissal of RBSM LLP: On March 30, 2026, the Board of Directors of BTCS Inc., following the recommendation of its Audit Committee, approved the dismissal of RBSM LLP as the company’s independent registered public accounting firm.
• Appointment of Forvis Mazars, LLP: Concurrently, the Board approved the appointment of Forvis Mazars, LLP (“FM”) as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.
• No Disagreements or Reportable Events: BTCS clarified that during the periods audited by RBSM (years ended December 31, 2025 and 2024, and the interim period through March 30, 2026), there were no disagreements or “reportable events” (as defined under Regulation S-K) between the company and RBSM regarding accounting principles, financial statement disclosures, or auditing procedures.
• RBSM’s Audit Opinions: The audit reports issued by RBSM for the aforementioned years did not contain any adverse opinions, disclaimers, or qualifications as to uncertainty, audit scope, or accounting principles.
• No Prior Consultations with Forvis Mazars, LLP: The company also stated that prior to FM’s appointment, no consultations occurred with FM regarding the application of accounting principles or any matter that would have required disclosure under SEC regulations.
• Regulatory Filing and Transparency: BTCS has provided RBSM with a copy of the disclosures contained in this 8-K filing and requested a letter from RBSM addressed to the SEC affirming their agreement with the statements made by BTCS. This letter is attached as Exhibit 16.1 to the filing.

Important Information for Shareholders

• Potentially Price Sensitive: A change in independent auditors can be interpreted in various ways by the market. While BTCS has stated there were no disagreements or adverse opinions, auditor transitions sometimes raise questions about internal controls, reporting quality, or future accounting practices. Investors may want to monitor future filings closely for further information or changes in financial reporting.
• Regulatory Compliance: The company appears to have followed proper protocols in transitioning between auditors, with approval from the Board and Audit Committee, and full disclosure to the SEC.
• Corporate Governance: The involvement of both the Board of Directors and the Audit Committee in these decisions underscores the company’s adherence to sound corporate governance principles.
• Trading Information: BTCS’s common stock, \$0.001 par value, is registered on The Nasdaq Stock Market (The Nasdaq Capital Market).
• Leadership: The filing was signed by Charles W. Allen, Chief Executive Officer, on March 31, 2026.

What Investors Should Watch

• Future Financial Filings: Investors should review upcoming quarterly and annual reports to assess whether the change in auditor leads to any significant restatements, new disclosures, or changes in reported financial results.
• SEC Correspondence: The inclusion of the auditor’s letter (Exhibit 16.1) provides additional transparency. Investors may wish to review this letter for any nuances regarding the auditor transition.
• Market Reaction: Depending on how this change is interpreted—either as routine or a sign of deeper issues—there could be near-term volatility in BTCS’s share price. The lack of reported disagreements or adverse events may mitigate negative market reactions, but such changes often attract investor scrutiny regardless.

Summary Table

Conclusion

The transition of BTCS Inc.’s independent registered public accounting firm from RBSM LLP to Forvis Mazars, LLP, while stated to be free of disputes or adverse findings, is a noteworthy corporate event. Such changes are closely watched by investors and analysts as they can sometimes signal shifts in accounting policy, internal controls, or signal future strategic changes. Shareholders are encouraged to stay attentive to future filings and any further commentary from management or the new auditors.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. The information is based on publicly available filings and is subject to change without notice.

View BTCS Inc. Historical chart here