Bullet Blockchain Inc (BULT)

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$BULT Bullet Blockchain Announces Purchase of Bitcoin ATM Network in South Florida as First Step of 2024 Nationwide Expansion

https://www.globenewswire.com/news-release/2024/01/09/2806213/0/en/Bullet-Blockchain-Announces-Purchase-of-Bitcoin-ATM-Network-in-South-Florida-as-First-Step-of-2024-Nationwide-Expansion.html

Bullet Blockchain Has an Immediate Presence in Two States

RENO, NV, Jan. 09, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain and Bitcoin ATM technologies, proudly announces its next significant milestone: the successful purchase of a network of 40 Bitcoin ATMs located in South Florida as the next stage of BULT’s planned deployment and branding. This purchase is part of a larger expansion plan and a testament to BULT’s continuous efforts to innovate and lead in the rapidly evolving digital currency landscape.

“South Florida is an important market and a key component to our overall strategy. We now have a presence in two states, and we are looking to expand rapidly,” stated Simon Rubin, Chief Executive Officer of BULT. As previously announced, BULT recently completed a strategic transaction to acquire a portfolio of Bitcoin ATMs and completed the successful deployment of 10 licensed Bitcoin ATMs across the state of Georgia as the first stage of its planned deployment and branding of 30 Bitcoin ATM kiosks. Simon Rubin continued, “We continue to believe that 2024 presents a significant opportunity for Bullet Blockchain and our shareholders.”

BULT continues to pursue licensing programs for operators and manufacturers, which include a per-transaction licensing fee, revenue share, or partner programs involving BULT’s intellectual property. As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents, becoming the owner and licensor of these valuable assets. By virtue of its subsidiary, First Bitcoin Capital LLC, BULT’s intellectual property includes the ownership and the exclusive rights to US Patent Nos. US9135787B1 “Bitcoin kiosk/ATM device and system integrating enrollment protocol and method of using the same” (US9135787B1) and US10332205B1 “Bitcoin kiosk/ATM device and system and method of using the same” (US10332205B1), respectively. The combined patents acquired by BULT are critical for Bitcoin ATM networks to operate. As previously announced, BULT has retained counsel to target unlicensed Bitcoin ATM operators and manufacturers. The Company will continue to pursue unlicensed Bitcoin ATM operators and manufacturers violating BULT’s intellectual property portfolio.

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