First Bitcoin Capital Corp

What First Bitcoin Capital Corp does

First Bitcoin Capital Corp is a publicly traded cryptocurrency holding company (OTC: BITCF, delisted), incorporated in British Columbia, Canada, with operational headquarters in Tel Aviv, Israel, and now operating as a subsidiary of Bitcoin Bancorp, Inc. Originally formed as Grand Pacaraima Gold Corp, the company was renamed in August 2016 and repositioned around digital assets. Its core business centers on a Bitcoin ATM network operated through subsidiary First Bitcoin Capital LLC, which holds exclusive licenses to foundational patents for Bitcoin kiosk systems and is one of only three publicly traded Bitcoin ATM owner-operators globally.

The company runs a vertically integrated crypto stack: the FINCEN-registered CoinQX digital currency exchange, BitMiner CC mining pool services, BitCann Pay merchant solutions for medical cannabis dispensaries in California and Oregon, the PetroBLOQ blockchain supply chain platform, and a portfolio of over 100 proprietary tokens issued on Bitcoin (OMNI protocol) and Ethereum (ERC20), including WEED Coin, TeslaCoil Coin (TESLA), Petroleum (OIL), and Loyalty Coin (FLY). Supporting platforms include AltCoin MarketCap, iCoinNews, and BitClass Travel. Partnerships span HyperLedger, Linux Foundation, Microsoft Azure, IEEE, Emercoin, and recently Tangem and Sailo Technologies.

The revenue model is multi-stream and transaction-based: exchange trading and listing fees via CoinQX, ATM conversion fees, cannabis merchant processing and POS take-rates, blockchain development contracts (e.g., $500K Petroteq Energy engagement), and gains from proprietary token inventories. Disclosed revenue is thin; parent Bitcoin Bancorp's FY2026 guidance of $4.4M-$4.6M implies roughly 2x growth over FY2025, driven primarily by the ATM rollout. The company remains small (11-50 employees), delisted, and dependent on a handful of enterprise counterparties and low-liquidity token markets, which constrains revenue predictability despite operational expansion.

Name

First Bitcoin Capital Corp

Legal name

First Bitcoin Capital Corp.

Website

https://firstbitcoin.io

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

First Bitcoin Capital Corp operates a vertically integrated cryptocurrency business centered on a patented Bitcoin ATM network and the CoinQX exchange, serving crypto traders, medical cannabis dispensaries, and enterprise blockchain customers as a subsidiary of Bitcoin Bancorp.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange and Blockchain Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

akta.pro secondary industry

Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG)

Keywords

• Cryptocurrency exchange
• Bitcoin ATM services
• Blockchain development
• ICO token services
• Crypto merchant processing

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Cryptocurrency Generation and Development: First Bitcoin Capital is described as the world's most prolific generator of cryptocurrencies, having created over 100 unique altcoins on Bitcoin and Ethereum blockchains. Revenue is generated through token creation fees, ICO launches, and holding cryptocurrency inventories.
2. CoinQX Exchange Fees: Operates CoinQX.com cryptocurrency exchange registered with FINCEN, generating revenue from trading fees, listing fees for new tokens, and exchange services.
3. Financial Services for Cannabis Industry: Provides merchant processing, POS solutions, and check-cashing ATM services for medical marijuana dispensaries in California and Oregon, including cryptocurrency payment acceptance solutions.
4. Blockchain Development Contracts: Awards contracts for blockchain-powered supply chain management applications (e.g., $500,000 contract with Petroteq Energy for distributed blockchain services).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

First Bitcoin Capital Corp operates a vertically integrated cryptocurrency business that runs a multi-currency digital-asset exchange (CoinQX), deploys and licenses a network of patent-licensed Bitcoin ATMs, creates custom cryptocurrencies and ICOs for clients, and provides merchant payment services (notably BitCann Pay for cannabis retailers) alongside enterprise blockchain solutions such as PetroBLOQ.

Product overview

First Bitcoin Capital Corp operates as a vertically integrated cryptocurrency company offering a portfolio of blockchain-based products and services. The core offerings include BitcoinATM network operations (through subsidiary First Bitcoin Capital LLC) providing Bitcoin kiosk systems with exclusive patent licenses, the CoinQX digital currency exchange platform, and mining pool management services via BitMiner CC. The company has developed or acquired multiple proprietary cryptocurrencies including WEED Coin (cannabis industry), Loyalty Coin/FLY (airline/hotel rewards), Petroleum/OIL (commodity token), and PerksCoin. Additional services include merchant payment solutions (BitCann Pay), blockchain supply chain management (PetroBLOQ), cryptocurrency market tracking (AltCoin MarketCap, iCoinNews), travel booking with blockchain rewards (BitClass Travel), and the AlphaBIT crypto ETF.

Differentiator

Problem solved

Functional benefit

Brands

• CoinQX: Cryptocurrency exchange platform registered with FinCEN, offering trading in Bitcoin and altcoins
• AltCoin MarketCap
• AlphaBIT (COIN:ABC)
• iCoinNews
• BitMiner CC
• BitCann Pay
• BitClass Travel / AirMilesQX

Products and services

• CoinQX Exchange Proprietary multi-currency digital-asset exchange enabling users to trade fiat-to-bitcoin and bitcoin-to-altcoin pairs across a catalog of listed cryptocurrencies.
• BitcoinATM Network Network of patent-licensed Bitcoin ATM kiosks deployed for retail users to convert fiat to bitcoin and other supported cryptocurrencies, also offered via operator licensing.
• BitCann Pay Merchant payment gateway designed for cannabis dispensaries and regulated merchants to accept digital and fiat payments, addressing bankless-payment pain points in regulated verticals.
• BitMiner CC Cryptocurrency mining management software offering cloud-mining capabilities for users who want exposure to crypto mining without operating hardware directly.
• PetroBLOQ Industry-specific blockchain platform enabling enterprises to deploy distributed-ledger applications for asset tokenization and process automation across verticals such as oil and gas.
• AltCoin MarketCap Market-data and analytics platform providing pricing, capitalization, and other statistics for cryptocurrencies listed on CoinQX and the broader altcoin market.
• Custom ICO and Token Creation Services End-to-end service for clients to design, issue, and list proprietary cryptocurrencies or conduct initial coin offerings, leveraging the company's track record of creating 100+ cryptocurrencies.
• iCoinNews News and information portal covering cryptocurrency markets and the company's ecosystem, supporting user engagement and product discovery.
• BitClass Travel Travel-booking product tied into the company's loyalty and token ecosystem, marketed as AirMilesQX-style loyalty and travel rewards offering for crypto users.
• AlphaBIT Crypto ETF Crypto-themed ETF product allowing investors to gain diversified exposure to a basket of cryptocurrencies tracked by the company.

Quantifiable outcome

• Operates as one of only three publicly traded Bitcoin ATM network owner/operators globally
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered supporting and core.

• TangemsupportingTechnology or Integration · 23 April 2026Partnership for hardware wallet integration into Bitcoin ATM ecosystem. Part of Bitcoin Bancorp's strategy to position ATM network as end-to-end financial access points bridging traditional cash with digital assets.
• Sailo TechnologiessupportingTechnology or Integration · 23 April 2026Partnership for transaction security in Bitcoin ATM network. Complements Tangem hardware wallet integration for enhanced security in cryptocurrency transactions.
• BlockCrunch Holding LLCsupportingStrategic or Co-development Partner · 22 March 201850% stake acquisition in BlockCrunch Holding LLC, a blockchain-focused company. Strategic investment in blockchain ecosystem expansion.
• Ethereum Business AlliancecoreTechnology or IntegrationEcosystem partnership for Ethereum blockchain integration and development. Listed as partner on company website alongside other major blockchain organizations.
• HyperLedgercoreTechnology or IntegrationEcosystem partnership for HyperLedger blockchain development. Listed alongside Linux Foundation as key technology partner.
• Microsoft AzuresupportingTechnology or IntegrationCloud infrastructure partnership for blockchain application hosting and services. Listed as technology partner on company website.
• IEEEsupportingTechnology or IntegrationTechnology standards and research partnership association. Listed as partner on company website.
• Linux FoundationcoreTechnology or IntegrationOpen source ecosystem partnership. Listed alongside HyperLedger as key blockchain technology partner.
• EmercoinsupportingTechnology or IntegrationBlockchain services partnership for distributed blockchain solutions for business and personal use. Evaluation agreements signed in January 2016.
• SAMCO FinancialsupportingChannel Partner/ Reseller/ DistributorAutomated check-cashing kiosk provider for Bitcoin ATM and financial services deployment in Northern California. SAMCO delivers kiosks to BITCF locations.

Scale indicators5 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Hut 8: Public crypto miner and digital infrastructure operator. Comparable through mining operations and the broader public-market crypto exposure, though with substantially greater infrastructure and balance sheet.
• Riot Platforms: Public Bitcoin miner with expanding HPC/hosting business. Comparable through mining-pool exposure and the vertically integrated public-company crypto thesis that BITCF also pursues.
• Marathon Digital Holdings: Public Bitcoin mining company. Comparable to First Bitcoin Capital's BitMiner CC mining pool operations as a publicly traded crypto-mining exposure, though at materially larger scale.
• Coinbase: Largest US publicly traded cryptocurrency exchange. Comparable to First Bitcoin Capital's CoinQX platform but operating at vastly greater scale, regulatory standing, and product breadth.
• Block (formerly Square): Public fintech with significant Bitcoin exposure through Cash App and TBD. Comparable through merchant crypto payment acceptance and the integrated crypto consumer experience BITCF attempts to replicate at small scale.

Direct peers

• Bitcoin Depot: One of the largest publicly traded Bitcoin ATM operators in North America. Direct competitor to First Bitcoin Capital's BitcoinATM network, competing for the same cash-to-crypto consumer segment with overlapping geographic footprints.
• CoinFlip: Major privately held Bitcoin ATM operator in the US. Comparable to First Bitcoin Capital's ATM business and increasingly relevant as it expands into online brokerage and crypto-as-a-service offerings.
• Bitcoin Bancorp: Parent company of First Bitcoin Capital Corp, and itself one of only three publicly traded Bitcoin ATM network owner/operators. Effectively the controlling parent, making it the closest structural and operational peer.

Others

• BOTS Inc. Acquired the majority of First Bitcoin Capital's digital and crypto assets in July 2020. Comparable as a counterparty and adjacent crypto/AI operator with prior ownership exposure to BITCF's former operating assets.

Emerging players

• SinglePoint: Existing partner company of First Bitcoin Capital with overlapping interest in cannabis fintech and blockchain. Comparable through the cannabis merchant services vertical (BitCann Pay vs. SinglePoint's cannabis processing offerings).

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/1stbitcapital
• LinkedInlinkedin.com/company/first-bitcoin-capital-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Bitcoin Capital Corp