USBC on NYSE
USBC, Inc.
American finance services company based in Reno, incorporated in Nevada1
In its 2026 annual report the company says: “USBC develops transformative financial services, including digital assets and banking solutions as well as non-invasive health monitoring research.”3
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Last updated Oct 21, 2026.
Overview
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- TickerUSBC on NYSE1
- IndustryFinance Services1
- HeadquartersReno, Nevada1
- Incorporated inNV2
- Business address300 E 2Nd Street, 15Th Floor, Reno, Nv 895012
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
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USBC, Inc. (NYSE American: USBC) is a publicly traded, multi-disciplinary technology company that we believe is an industry-leading innovator in digital financial technologies. USBC develops transformative financial services, including digital assets and banking solutions as well as non-invasive health monitoring research. USBC has implemented a Bitcoin treasury strategy to bolster development and research across its various divisions. A key focus of USBC is the further development of the USBC tokenized deposit offering, a tokenized representation of a U.S.-dollar denominated bank deposit account that operates on blockchain technology and is embedded with digital identity. With a focus on inclusion, innovation, and risk management, USBC is dedicated to creating long-term shareholder value in a rapidly evolving financial landscape.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Financial statements
Every line of the income statement as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.5
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| RESEARCH AND DEVELOPMENT EXPENSES | $1.8M | $6.1M |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | $16.3M | $9.1M |
| Total operating expenses | $18.0M | $15.2M |
| OPERATING LOSS | -$18.0M | -$15.2M |
| Interest income | $66.3K | $155.2K |
| Interest expense | -$2.8M | -$1.5M |
| Loss on debt settlements, net | -$942.5K | $0 |
| Change in fair value of digital assets | -$823.1K | $0 |
| Other derivative income, net | $283.2K | $0 |
| Total other expense, net | -$4.2M | -$1.4M |
| LOSS BEFORE INCOME TAXES | -$22.3M | -$16.6M |
| Income tax benefit | -$172.8K | $0 |
| NET LOSS | -$22.1M | -$16.6M |
| Deemed dividends on Series C, D and H Preferred Stock | -$2.2M | -$313.5K |
| NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | -$24.4M | -$16.9M |
| Basic and diluted loss per share | -$0.39 | -$7.85 |
| Weighted average shares of common stock outstanding- basic and diluted (1) | 63.1M shares | 2.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| RESEARCH AND DEVELOPMENT EXPENSES | $253.6K | $802.1K |
| SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | $16.9M | $2.0M |
| Total operating expenses | $17.1M | $2.8M |
| OPERATING LOSS | -$17.1M | -$2.8M |
| Interest income | $38.3K | $13.8K |
| Interest expense | -$11.1K | -$1.2M |
| Loss on debt settlements, net | $0 | -$728.3K |
| Change in fair value of digital assets | -$27.2M | $0 |
| Other derivative income, net | $1.1M | $0 |
| Total other expense, net | -$26.1M | -$1.9M |
| LOSS BEFORE INCOME TAXES | -$43.2M | -$4.7M |
| Income tax benefit | -$15.7M | $0 |
| NET LOSS | -$27.5M | -$4.7M |
| Deemed dividends on Series C, D and H Preferred Stock | $0 | -$32.6K |
| NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS | -$27.5M | -$4.7M |
| Basic and diluted loss per share | -$0.07 | -$0.04 |
| Weighted average shares of common stock outstanding- basic and diluted (1) | 388.1M shares | 108.5M shares |
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $4.1M | $8.8M | $1.0M | $3.1M | $8.0M |
| Prepaid Expense, Current | $291.2K | $228.0K | |||
| Derivative assets | $61.3K | $708.2K | |||
| Digital assets - receivable, net | $2.3M | $0 | |||
| Total current assets | $6.8M | $9.8M | |||
| PROPERTY AND EQUIPMENT, NET | $28.5K | $35.4K | |||
| Digital assets | $86.6M | $115.0M | |||
| Other assets | $24.2K | $24.2K | |||
| Operating lease right-of-use asset | $186.9K | $218.5K | |||
| TOTAL ASSETS | $93.7M | $125.1M | |||
| Accounts payable - trade | $2.0M | $1.8M | |||
| Accounts payable - related parties | $0 | $53.8K | |||
| Accrued expenses | $1.1M | $962.4K | |||
| Current portion of convertible notes payable, net | $0 | $88.4K | |||
| Current portion of operating lease right-of-use liability | $84.7K | $82.1K | |||
| Derivative liabilities | $509.0K | $724.3K | |||
| Total current liabilities | $3.7M | $3.7M | |||
| Operating lease liability, net of current portion | $150.1K | $172.2K | |||
| Deferred tax liability | $8.3M | $24.0M | |||
| Total liabilities | $12.1M | $28.0M | |||
| Common stock - $0.001 par value, 750,000,000 shares authorized, 388,143,679 and 2,702,444 shares issued and outstanding at September 30, 2025 and September 30, 2024, respectively (1) | $388.1K | $388.1K | |||
| Additional paid in capital | $271.7M | $259.8M | |||
| Accumulated deficit | -$190.5M | -$163.1M | |||
| Total stockholders' equity (deficit) | $81.5M | $97.1M | -$2.2M | $3.7M | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $93.7M | $125.1M | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 750.0M shares | 750.0M shares | |||
| Common stock, shares issued | 388.1M shares | 388.1M shares | |||
| Common stock, shares outstanding | 388.1M shares | 388.1M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $4.1M | $8.8M | $1.0M | $3.1M | $8.0M |
| Prepaid Expense, Current | $291.2K | $228.0K | |||
| Derivative assets | $61.3K | $708.2K | |||
| Digital assets - receivable, net | $2.3M | $0 | |||
| Total current assets | $6.8M | $9.8M | |||
| PROPERTY AND EQUIPMENT, NET | $28.5K | $35.4K | |||
| Digital assets | $86.6M | $115.0M | |||
| Other assets | $24.2K | $24.2K | |||
| Operating lease right-of-use asset | $186.9K | $218.5K | |||
| TOTAL ASSETS | $93.7M | $125.1M | |||
| Accounts payable - trade | $2.0M | $1.8M | |||
| Accounts payable - related parties | $0 | $53.8K | |||
| Accrued expenses | $1.1M | $962.4K | |||
| Current portion of convertible notes payable, net | $0 | $88.4K | |||
| Current portion of operating lease right-of-use liability | $84.7K | $82.1K | |||
| Derivative liabilities | $509.0K | $724.3K | |||
| Total current liabilities | $3.7M | $3.7M | |||
| Operating lease liability, net of current portion | $150.1K | $172.2K | |||
| Deferred tax liability | $8.3M | $24.0M | |||
| Total liabilities | $12.1M | $28.0M | |||
| Common stock - $0.001 par value, 750,000,000 shares authorized, 388,143,679 and 2,702,444 shares issued and outstanding at September 30, 2025 and September 30, 2024, respectively (1) | $388.1K | $388.1K | |||
| Additional paid in capital | $271.7M | $259.8M | |||
| Accumulated deficit | -$190.5M | -$163.1M | |||
| Total stockholders' equity (deficit) | $81.5M | $97.1M | -$2.2M | $3.7M | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $93.7M | $125.1M | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 750.0M shares | 750.0M shares | |||
| Common stock, shares issued | 388.1M shares | 388.1M shares | |||
| Common stock, shares outstanding | 388.1M shares | 388.1M shares |
Every line of the cash flow as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.5
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net loss | -$22.1M | -$16.6M |
| Depreciation and amortization | $31.4K | $80.9K |
| Stock based compensation - stock option grants | $7.4M | $3.0M |
| Issuance of common stock for services | $1.1M | $277.0K |
| Amortization of operating lease right-of-use asset | $119.2K | $189.3K |
| Loss on debt extinguishment | $942.5K | $0 |
| Interest expense for default of convertible notes | $748.6K | $0 |
| Interest expense for repricing of warrants | $233.9K | $0 |
| Interest expense for extension of notes and warrants | $513.5K | $594.8K |
| Amortization of debt issuance costs | $1.2M | $830.9K |
| Change in fair value of digital assets | $823.1K | $0 |
| Other derivative income, net | -$283.2K | $0 |
| Deferred income taxes | -$172.8K | $0 |
| Prepaid expenses | -$228.0K | $0 |
| Operating lease right-of-use liability | -$103.9K | -$178.4K |
| Derivative liabilities | $0 | $0 |
| Digital assets | $0 | $0 |
| Derivative assets | $0 | $0 |
| Other long-term assets | $125.0K | -$133.4K |
| Accounts payable - trade, related parties and accrued expenses | $2.1M | -$866.4K |
| NET CASH USED IN OPERATING ACTIVITIES | -$7.6M | -$12.8M |
| Purchase of research and development equipment | $0 | -$66.4K |
| NET CASH USED IN INVESTING ACTIVITIES: | $0 | -$66.4K |
| Proceeds from issuance of common stock - Goldeneye 1995 LLC investment | $15.0M | $0 |
| Proceeds from issuance of common stock offering, net | $300.0K | $5.2M |
| Proceeds from issuance of common stock for warrant exercise | $0 | $7.8K |
| Proceeds from At The Market common stock offering | $1.3M | $0 |
| Redemption of Series H Preferred Stock | -$514.1K | $0 |
| Repayment of convertible notes payable | -$3.4M | -$982.5K |
| Proceeds from convertible notes payable | $656.0K | $3.8M |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | $13.3M | $8.0M |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | $5.7M | -$4.9M |
| Interest paid | $186.6K | $140.0K |
| Taxes paid | $0 | $0 |
| Deemed dividends on Series C, D and H Preferred Stock | $2.2M | $313.5K |
| Common stock issued for debt payment | $2.8M | $240.0K |
| Common stock issued for contribution of digital assets | $115.6M | $0 |
| Deferred tax liability recognized from contribution of digital assets | $24.2M | $0 |
| Common stock issued for conversion of Series H convertible preferred stock | $670.0K | $0 |
| Issuance costs from common stock offering | $0 | $670.1K |
| Warrants issued for debt offering | $0 | $2.1M |
| Conversion of notes payable into Series H convertible preferred stock | $1.9M | $0 |
| Bitcoin received from treasury trading strategy | $283.2K | $0 |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$27.5M | -$4.7M |
| Depreciation and amortization | $6.9K | $9.9K |
| Stock based compensation - stock option grants | $11.9M | $550.7K |
| Issuance of common stock for services | $0 | $0 |
| Amortization of operating lease right-of-use asset | $31.6K | $28.7K |
| Loss on debt extinguishment | $0 | $728.3K |
| Interest expense for default of convertible notes | $0 | $233.6K |
| Interest expense for repricing of warrants | $0 | $0 |
| Interest expense for extension of notes and warrants | $0 | $513.5K |
| Amortization of debt issuance costs | $11.1K | $386.8K |
| Change in fair value of digital assets | $27.2M | $0 |
| Other derivative income, net | -$1.1M | $0 |
| Deferred income taxes | -$15.7M | $0 |
| Prepaid expenses | -$63.1K | $0 |
| Operating lease right-of-use liability | -$19.5K | -$30.1K |
| Derivative liabilities | -$215.2K | $0 |
| Digital assets | -$1.1M | $0 |
| Derivative assets | $1.7M | $0 |
| Other long-term assets | $0 | $0 |
| Accounts payable - trade, related parties and accrued expenses | $238.9K | $345.7K |
| NET CASH USED IN OPERATING ACTIVITIES | -$4.6M | -$1.9M |
| Purchase of research and development equipment | $0 | $0 |
| NET CASH USED IN INVESTING ACTIVITIES: | $0 | $0 |
| Proceeds from issuance of common stock - Goldeneye 1995 LLC investment | $0 | $0 |
| Proceeds from issuance of common stock offering, net | $0 | $0 |
| Proceeds from issuance of common stock for warrant exercise | $0 | $300.0K |
| Proceeds from At The Market common stock offering | $0 | $0 |
| Redemption of Series H Preferred Stock | $0 | $0 |
| Repayment of convertible notes payable | -$99.5K | -$480.0K |
| Proceeds from convertible notes payable | $0 | $0 |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | -$99.5K | -$180.0K |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | -$4.7M | -$2.1M |
| Interest paid | $11.1K | $39.0K |
| Taxes paid | $0 | $0 |
| Deemed dividends on Series C, D and H Preferred Stock | $0 | $32.6K |
| Common stock issued for debt payment | $0 | $1.3M |
| Common stock issued for contribution of digital assets | $0 | $0 |
| Deferred tax liability recognized from contribution of digital assets | $0 | $0 |
| Common stock issued for conversion of Series H convertible preferred stock | $0 | $0 |
| Issuance costs from common stock offering | $0 | $0 |
| Warrants issued for debt offering | $0 | $0 |
| Conversion of notes payable into Series H convertible preferred stock | $0 | $0 |
| Bitcoin received from treasury trading strategy | $1.1M | $0 |
Corporate structure
USBC, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of USBC, Inc.
- Robert Gregory Kidd Filed SCHEDULE 13D/A on USBC, Inc., latest Sep 23, 2025 (2 filings since Aug 13, 2025)
- Clayton A. Struve Filed SCHEDULE 13G/A on USBC, Inc., latest Aug 8, 2025 (2 filings since Jun 12, 2025)
- Ronald P. Erickson Filed SCHEDULE 13G/A on USBC, Inc., latest Aug 8, 2025 (4 filings since Feb 21, 2023)
- Todd Baszucki Filed SCHEDULE 13G on USBC, Inc., latest Mar 25, 2025 (5 filings since Apr 12, 2022)
- Phillip Bosua Filed SC 13G on USBC, Inc., latest Feb 22, 2023
- Dale Broadrick Filed SC 13G on USBC, Inc., latest Apr 14, 2022
- USBC, Inc. Reno, Nevada
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What USBC, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $279.7K6 Sep 30, 2024 | $213.3K6 Sep 30, 2023 | +31.1% |
| Furniture and fixtures | $21.4K6 Sep 30, 2024 | $21.4K6 Sep 30, 2023 | 0% |
| Accumulated depreciation | $272.5K5 Dec 31, 2025 | $234.3K14 Sep 30, 2024 | +16.3% |
| Property and equipment, net | $28.5K5 Dec 31, 2025 | $66.8K14 Sep 30, 2024 | −57.3% |
| Operating-lease assets (leased space) | $186.9K5 Dec 31, 2025 | $337.7K14 Sep 30, 2024 | −44.7% |
Investments
Intangibles and goodwill
Properties, in its own words
Properties and Operating Leases
The address of our principal executive offices is located in Reno, Nevada.
The rest of Item 2
We do not own any real property. Our Seattle facility is subject to a lease that is scheduled to expire in 2027. We believe that our existing leased facilities, together with our ability to obtain suitable additional physical office space as needed, are adequate to support our operations for the immediate future.
Item 2 of the 10-K filed Mar 25, 2026.3
Leadership
Who has led USBC, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerPhillip Bosua Apr 20, 2018 to Dec 19, 202215
- Chief executive officerRalph Martin Brier Jan 26, 2006 to Jan 26, 200616
- PresidentPhillip Bosua Apr 20, 2018 to Dec 19, 202215
- PresidentRalph Martin Brier Jan 26, 2006 to Jan 26, 200616
- Chief financial officerDaniel J. Beck Sep 16, 2026 to now17
- Chief financial officerKitty B. Payne Aug 8, 2025 to Sep 16, 202618
- Chief financial officerPeter J. Conley May 31, 2022 to Aug 8, 202519
- Chief financial officerJeff T. Wilson Sep 20, 2016 to Sep 20, 201620
- Chief financial officerMark E. Scott May 12, 2010 to Aug 15, 201621
- Chief operating officerKirk Chapman Aug 15, 2025 to now22
Board members and other officers (19)
- Chief Marketing OfficerJessica English Mar 6, 2023 to Mar 30, 202323
- Chief Marketing OfficerLeonardo Mouta Trautwein May 31, 2022 to Mar 16, 202324
- Chief Product OfficerSteven T. Kent Jun 13, 2022 to Jun 13, 202225
- V.P. of Business DevelopmentTodd Martin Sames Feb 15, 2013 to Jan 18, 201826
- VP Product Mgmnt & TechnologyRichard Mander Jul 9, 2012 to Aug 29, 201327
- Board memberLinda Jenkinson Aug 15, 2025 to now28
- Board memberLarry K. Ellingson Nov 14, 2023 to now29
- Board memberTimothy M. Londergan Nov 22, 2023 to Feb 9, 202430
- Board memberJohn E. Cronin Dec 12, 2023 to now31
- Board memberPhillip Bosua Apr 20, 2018 to Dec 19, 202215
- Board memberWilliam Arthur Owens Jun 12, 2018 to now32
- Board memberIchiro John Paul Takesako Mar 25, 2013 to now33
- Board memberMarco Hegyi Mar 5, 2010 to Jan 31, 201134
- Board memberMasahiro Kawahata Mar 5, 2010 to Dec 28, 201235
- Board memberWilliam E. Gordon Iii. Mar 5, 2010 to Mar 5, 201036
- Board memberYoshitami Arai Mar 5, 2010 to Jun 8, 201237
- Board memberJames Gingo Jun 17, 2010 to Aug 17, 201138
- Board memberPaul R. Bonderson Jr. Oct 28, 2010 to Feb 27, 201239
- Board memberRalph Martin Brier Jan 26, 2006 to Jan 26, 200616
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
Timeline
- Oct 14, 20268-K Entered a material agreement; New debt or obligation; Other events41
- Oct 1, 20268-K Entered a material agreement; New debt or obligation42
- Sep 16, 20268-K New debt or obligation43
- Aug 24, 20268-K Executive or director change44
- Aug 24, 20268-K Executive or director change45
- Aug 3, 20268-K New debt or obligation; Other events46
- Jun 22, 20268-K Shareholder vote; Other events47
- Jun 4, 20268-K New debt or obligation; Other events48
- May 1, 20268-K New debt or obligation; Other events49
- Apr 15, 20268-K Executive or director change50
- Apr 2, 20268-K Entered a material agreement; New debt or obligation; Executive or director change51
- Mar 31, 20268-K Listing notice or transfer; Regulation FD disclosure52
- Apr 20, 2018New chief executive Phillip Bosua becomes CEO15
- Jan 26, 2006New chief executive Ralph Martin Brier becomes CEO16
Calendar
When it reported results
- Feb 14, 2024Reported quarterly or annual results53
- Aug 18, 2023Reported quarterly or annual results54
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
324 filings to the SEC since October 2021: 8 annual reports, 14 quarterly reports, 103 major events, 83 insider forms, 15 large holders, 3 private raises, 98 other. The latest 20:
- Oct 14, 20268-K EDGAR
- Oct 5, 20264 FORM 4 FOR 10-01-2026 EDGAR
- Oct 5, 20264 FORM 4 FOR 10-01-2026 EDGAR
- Oct 1, 20268-K EDGAR
- Sep 16, 20263 FORM 3 FOR 08-27-2026 EDGAR
- Sep 16, 20268-K EDGAR
- Aug 27, 2026S-1/A EDGAR
- Aug 24, 20268-K EDGAR
- Aug 24, 20268-K EDGAR
- Aug 14, 20264 FORM 4 FOR 08-12-2026 EDGAR
- Aug 14, 20264 FORM 4 FOR 08-12-2026 EDGAR
- Aug 14, 20264 FORM 4 FOR 08-12-2026 EDGAR
- Aug 14, 20264 FORM 4 FOR 08-12-2026 EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- Jul 13, 2026S-1/A EDGAR
- Jul 13, 2026DEF 14C EDGAR
- Jul 6, 2026S-1/A EDGAR
- Jun 22, 20268-K EDGAR
- Jun 22, 2026PRE 14C EDGAR
The 324 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
24 open-market trades by officers, directors and large owners since October 2021: 10 buys and 14 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 31, 2023 | Takesako Ichiro John PaulDirector | Sale | 7,500 | $0.88 | $6.6K | Form 4 |
| Mar 30, 2023 | Takesako Ichiro John PaulDirector | Sale | 8,500 | $0.87 | $7.4K | Form 4 |
| Mar 29, 2023 | Takesako Ichiro John PaulDirector | Sale | 5,000 | $0.90 | $4.5K | Form 4 |
| Mar 29, 2023 | English JessicaChief Marketing Officer | Buy | 5,000 | $0.92 | $4.6K | Form 4 |
| Mar 28, 2023 | Takesako Ichiro John PaulDirector | Sale | 5,000 | $0.90 | $4.5K | Form 4 |
| Mar 27, 2023 | Takesako Ichiro John PaulDirector | Sale | 5,000 | $0.92 | $4.6K | Form 4 |
| Mar 24, 2023 | Takesako Ichiro John PaulDirector | Sale | 5,000 | $0.88 | $4.4K | Form 4 |
| Mar 16, 2023 | OWENS WILLIAM ARTHURDirector | Buy | 24,300 | $0.82 | $19.9K | Form 4 |
| Mar 16, 2023 | PEPPER JONDirector | Buy | 5,000 | $0.81 | $4.0K | Form 4 |
| Mar 15, 2023 | ERICKSON RONALD PDirector | Buy | 5,000 | $0.85 | $4.2K | Form 4 |
| Mar 15, 2023 | Trautwein Leonardo MoutaChief Marketing Officer | Buy | 6,000 | $0.84 | $5.0K | Form 4 |
| Jun 10, 2022 | Trautwein Leonardo MoutaChief Marketing Officer | Buy | 10,000 | $1.65 | $16.5K | Form 4 |
| Jun 3, 2022 | Takesako Ichiro John PaulDirector | Sale | 4,000 | $1.40 | $5.6K | Form 4 |
| Jun 2, 2022 | Takesako Ichiro John PaulDirector | Sale | 4,000 | $1.45 | $5.8K | Form 4 |
| Jun 1, 2022 | Takesako Ichiro John PaulDirector | Sale | 4,000 | $1.50 | $6.0K | Form 4 |
| May 31, 2022 | Takesako Ichiro John PaulDirector | Sale | 4,000 | $1.45 | $5.8K | Form 4 |
| May 31, 2022 | Conley Peter J | Buy | 10,000 | $1.51 | $15.1K | Form 4 |
| May 27, 2022 | Takesako Ichiro John PaulDirector | Sale | 4,000 | $1.45 | $5.8K | Form 4 |
| May 26, 2022 | Takesako Ichiro John PaulDirector | Sale | 4,000 | $1.48 | $5.9K | Form 4 |
| Feb 23, 2022 | Takesako Ichiro John PaulDirector | Sale | 25,000 | $2.00 | $50.0K | Form 4 |
All 24 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Robert Gregory KiddSCHEDULE 13D/A, 2 filings Aug 13, 2025 to Sep 23, 202555
- Clayton A. StruveSCHEDULE 13G/A, 2 filings Jun 12, 2025 to Aug 8, 202556
- Ronald P. EricksonSCHEDULE 13G/A, 4 filings Feb 21, 2023 to Aug 8, 202557
- Todd BaszuckiSCHEDULE 13G, 5 filings Apr 12, 2022 to Mar 25, 202558
- Phillip BosuaSC 13G, 1 filing Feb 22, 202359
- Dale BroadrickSC 13G, 1 filing Apr 14, 202260
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Ronald P. EricksonChief Executive Officer and Chairman of the Board | 81 | $453.1K | $1.7M61 |
| 2024 | Peter J. ConleyChief Financial Officer and SVP Intellectual Property | $371.9K | $804.1K61 | |
| 2023 | Ronald P. EricksonChief Executive Officer and Chairman of the Board | 81 | $371.1K | $1.1M61 |
| 2023 | Peter J. ConleyChief Financial Officer and SVP Intellectual Property | $319.8K | $564.5K61 |
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How USBC, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARUSBC, Inc.1
- CIK0001074828
- Employer ID (EIN)90-02731423
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inNevada3
- Fiscal year endsDecember 311
- Industry code (SIC)6199 Finance Services1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business address300 E 2Nd Street, 15Th Floor, Reno, NV 895011
- Phone775-239-76731
- Shares outstanding388,144,429 as of Aug 5, 202612
- Public float$14.1M as of Jun 30, 20253
- AuditorBPM LLP, Santa Rosa, California PCAOB ID 207; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceMar 11, 19991
- Filings1,093 in all: 8-K (268), 4 (185), D (132), 10-Q (53), CORRESP (39), UPLOAD (36), 8-K/A (33), S-1/A (32)1
All 60 form types
10QSB (28), 3 (27), EFFECT (19), 10-K (18), NT 10-Q (15), S-1 (15), DEF 14A (12), 4/A (11), SC 13G/A (11), 10KSB (10), NT 10-K (9), POS AM (9), PRE 14A (9), SC 13D/A (8), 10-K/A (7), RW (7), SC 13G (7), 10-Q/A (6), 424B5 (6), 5 (6), D/A (6), SC 13D (6), AW (5), DEFA14A (5), S-8 (5), 424B3 (4), S-3/A (4), FWP (3), SB-2/A (3), SCHEDULE 13G (3), 10SB12G (2), 424B4 (2), 8-A12B (2), DEF 14C (2), PRE 14C (2), REGDEX/A (2), RW WD (2), S-3 (2), SCHEDULE 13G/A (2), 10KSB/A (1), 10QSB/A (1), 10SB12G/A (1), ARS (1), CERT (1), NTN 10K (1), NTN 10Q (1), REGDEX (1), S-1MEF (1), S-8 POS (1), SB-2 (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)
- Latest filingsAnnual report (10-K) Mar 25, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Aug 26, 2025
Latest 8-K (8-K) Oct 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value per share | USBC | NYSE |
From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks USBC, Inc. names in Item 1A of its 10-K filed Mar 25, 2026: 34 risks under these headings, as written.3
- Risk Related to Business, Finance and Operations
- We have a history of losses, we may not be able to attain profitability in the future, and there is no assurance that our revenue and business model will be successful.
- If we cannot keep pace with rapid changes in the digital asset industry, including technological developments and evolving regulatory frameworks, the potential use of our proposed products and services, and consequently our ability to generate revenue, could decline, which could adversely affect our business, financial condition, and results of operations.
- We may need additional capital, and we cannot be certain that additional financing will be available on favorable terms, or at all.
- Failure of vendors to perform their contractual agreements and our failure to effectively oversee vendor operations could adversely affect our business, financial condition, and results of operations.
- The requirements of being a public company may strain our resources, divert management’s attention, and affect our ability to attract and retain qualified board members.
- We rely on an affiliated entity to provide key operational services, which exposes us to risks related to potential conflicts of interest, cost structure, operational dependency, and business continuity.
- Geopolitical and political instability, including armed conflicts, regional tensions, terrorism, sanctions, adverse economic conditions, and related disruptions in U.S. and global markets, could adversely affect our business and financial condition.
- Risks Related to Ownership of our Common Stock
- We are a “controlled company” within the meaning of the NYSE American rules and, as a result, we qualify for exemptions from certain corporate governance requirements. Our stockholders do not have the same protections afforded to stockholders of companies that are subject to such requirements.
- Our largest stockholder will continue to have a substantial influence over us for the foreseeable future, including the outcome of matters requiring stockholder approval. This concentration of control may prevent you and other stockholders from influencing significant corporate decisions, and it may result in conflicts of interest that could cause our stock price to decline.
- We underwent a fundamental change in capitalization during 2025, and the issuance, repricing, or sale of substantial amounts of our common stock could result in significant dilution and adversely affect the market price of our shares.
The other 24 risks
- Future issuances of equity or debt securities could further dilute stockholders or adversely affect the value of our common stock.
- We are currently operating under an accepted plan with the NYSE American to regain compliance with its continued listing standards, but there can be no assurance that we ultimately will do so, and additional or revised listing standards could increase the risk of suspension or delisting.
- We may consider implementing a reverse stock split in the future, which could adversely affect the market price and liquidity of our common stock.
- Because our stock price has fluctuated significantly and may remain volatile, the value of your investment may decline.
- We do not anticipate paying any cash dividends on our capital stock in the foreseeable future.
- Risks Related to Our Bitcoin Treasury Strategy and Holdings
- Bitcoin price volatility and correlation to our stock could materially impact our financial results and market price.
- Concentration of our Bitcoin holdings and market-liquidity constraints magnify adverse outcomes.
- We are not subject to legal and regulatory obligations that apply to investment companies such as mutual funds and exchange-traded funds, or to obligations applicable to investment advisers.
- Our Bitcoin holdings are and will be less liquid than our existing cash and cash equivalents and may not be able to serve as a source of liquidity for us to the same extent as cash and cash equivalents.
- Counterparty, custody, and market-infrastructure risks, including contagion, could result in loss of assets or access.
- Regulatory and accounting developments could increase compliance burdens and earnings volatility or restrict our strategy.
- Yield-generation and derivative strategies are risky and relatively untested at public-company scale.
- Operational, technology, cybersecurity, and market-access risks could disrupt execution of our strategy.
- Risks Related to Our Product Development Initiatives
- Our tokenized-deposit initiative has not yet launched and our Science Division remains in the development stage which subjects both initiatives to significant uncertainty.
- We may be unable to launch retail tokenized U.S. dollar deposits within anticipated timelines, or at all, if required approvals are delayed, modified, or not obtained.
- Our ability to advance our tokenized-deposit initiative will depend entirely on the participation, regulatory standing, and technical readiness of third-party partners.
- The legal and regulatory framework for tokenized deposits is unsettled and may impose obligations that make the initiative impractical.
- Regulators may require banks to maintain traditional core-banking and general-ledger systems even if tokenized-deposit architecture is used, which could increase costs or limit the design of the product.
- Developing a tokenized-deposit platform exposes us to significant development, operational, security, and technology risks.
- Reputational or regulatory issues affecting our partners could harm the tokenized-deposit initiative, even if we are not directly implicated.
- International access to tokenized deposits may be limited by sanctions, local-law restrictions, or bank-partner policies, which could materially reduce our addressable market and adversely affect our business, financial condition, results of operations and prospects.
- Potential conflicts of interest involving our banking partner, if not appropriately addressed, could create regulatory or governance risks.
- Our success will depend on retaining qualified management and technical personnel.
- Intellectual property challenges could impair our ability to protect or commercialize our technology.
Legal proceedings
From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARUSBC, Inc. filings on SEC EDGAR
- 2SEC EDGARUSBC, Inc. filings on SEC EDGAR
- 3
- 4SEC EDGARUSBC, Inc. 10-K for fiscal 2023
- 5SEC EDGARUSBC, Inc. 10-K for fiscal 2023
- 6SEC EDGARUSBC, Inc. 10-K for fiscal 2023
- 7SEC EDGARUSBC, Inc. 10-K for fiscal 2019
- 8SEC EDGARUSBC, Inc. 10-K for fiscal 2020
- 9SEC EDGARUSBC, Inc. 10-K for fiscal 2021
- 10SEC EDGARUSBC, Inc. 10-K for fiscal 2019
- 11SEC EDGARUSBC, Inc. 10-Q for fiscal 2026
- 12SEC EDGARUSBC, Inc. 10-Q for fiscal 2026
- 13SEC EDGARUSBC, Inc. 10-K for fiscal 2019
- 14SEC EDGARUSBC, Inc. 10-K for fiscal 2024
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- 28SEC EDGARLinda Jenkinson, Board member
- 29SEC EDGARLarry K. Ellingson, Board member
- 30SEC EDGARTimothy M. Londergan, Board member
- 31SEC EDGARJohn E. Cronin, Board member
- 32SEC EDGARWilliam Arthur Owens, Board member
- 33
- 34SEC EDGARMarco Hegyi, Board member
- 35SEC EDGARMasahiro Kawahata, Board member
- 36SEC EDGARWilliam E. Gordon Iii., Board member
- 37SEC EDGARYoshitami Arai, Board member
- 38SEC EDGARJames Gingo, Board member
- 39SEC EDGARPaul R. Bonderson Jr., Board member
- 40
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- 43SEC EDGARNew debt or obligation
- 44SEC EDGARExecutive or director change
- 45SEC EDGARExecutive or director change
- 46SEC EDGARNew debt or obligation; Other events
- 47SEC EDGARShareholder vote; Other events
- 48SEC EDGARNew debt or obligation; Other events
- 49SEC EDGARNew debt or obligation; Other events
- 50SEC EDGARExecutive or director change
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- 59SEC EDGARPhillip Bosua SC 13G on USBC, Inc.
- 60SEC EDGARDale Broadrick SC 13G on USBC, Inc.
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