DRAPER, Utah, March 7, 2023 — Bitt continues its positioning as the leading digital currency technology provider with the appointment of global business executive Bonnie Glick as an Advisor.

In 2018, Glick was nominated by the U.S. President and unanimously confirmed by the Senate to serve as the Deputy Administrator/Chief Operating Officer of the U.S. Agency for International Development (USAID), the largest bilateral aid organization in the world, with a budget of approximately $40B, and 11,000 employees in over 100 countries.

Bonnie led that Agency through a strategic transformation that included launching its first digital strategy that focused on building technology capabilities in emerging market countries. After leaving USAID, she launched the Krach Institute for Tech Diplomacy at Purdue and sits on the Institute's Advisory Board. Earlier in her career, she worked as a global business executive at IBM and as an American diplomat in Africa, Asia, and Latin America.

CEO of Bitt, Brian Popelka, said, “Bonnie’s addition to our Advisory Board brings deep geopolitical expertise from many of the world’s emerging markets where our Digital Currency Management System could facilitate positive socioeconomic change.”

Glick commented, "The work that Bitt is doing, around the world, to ensure access to safe, reliable, central bank digital currency (CBDC) platforms is vital. Providing governments with an ability to manage their currencies, while guaranteeing protections for privacy and access to banking services for those who are unbanked, are just two of the many great benefits of CBDCs to populations around the world."

Glick will lean on her experience in the international private, public, and non-profit sectors to advise the fintech company’s global mission. She continued, “We will see more and more countries move into CBDCs in the coming months. I'm impressed with Bitt's team and track record for deployment, and I look forward to watching it scale up.”

About Bitt

Bitt is a global financial technology company that provides digital currency solutions to central banks, financial institutions, and ecosystem participants worldwide. Bitt’s Digital Currency Management System (DCMS) is the secure infrastructure that monetary authorities need to deploy CBDCs, and for financial institutions to integrate digital currencies into their financial service offerings. Bitt’s DCMS has been deployed in 12 countries across Africa, Central America, Europe, and the Caribbean. Bitt is a portfolio company of Medici Ventures, L.P., a blockchain-focused fund. Overstock is a limited partner in the Medici Ventures Fund, L.P. The general partner of that fund is an entity affiliated with Pelion Venture Partners.

About Overstock
Overstock.com, Inc. (NASDAQ:OSTK) is an online furniture and home furnishings retailer and technology-focused innovator based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new home products at low prices, including furniture, décor, area rugs, bedding and bath, home improvement, and more. The online shopping site features millions of products that tens of millions of customers visit each month. Overstock regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.

O, Overstock.com, O.com, and Club O are registered trademarks of Overstock.com, Inc. Overstock and Making Dream Homes Come True are trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

About Pelion
Pelion Venture Partners is an early-stage venture capital firm. Currently investing out of their seventh fund, Pelion invests in Seed and Series A software companies across the United States.

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