Salt Lake City, July 10, 2023 — Bitt, the world's leading provider of Central Bank Digital Currency (CBDC) solutions, is pleased to announce the appointment of Imran Khan as its new Chief Operating Officer (COO). With an outstanding track record in technology leadership roles, Imran Khan brings a wealth of experience and expertise that will further strengthen Bitt's position as the premier CBDC solution company globally.

Imran Khan spent a decade at Deloitte, where he chaired Deloitte's Global CBDC Committee, driving transformative advancements in digital currencies on a global scale. In his previous role as EVP of Partnerships at Bitt, he played a pivotal role in fostering strategic collaborations with leading industry players. These collaborations were particularly highlighted in global CBDC competitions, where Bitt secured the first-place ranking in 2022 in the Financial Inclusion category.

Brian Popelka, CEO of Bitt, expressed his enthusiasm regarding Imran’s appointment, stating, "We are thrilled to welcome Imran Khan as our new Chief Operating Officer. With his exceptional leadership and expertise, he has been instrumental in delivering groundbreaking solutions to our central bank clients, including the Central Bank of Nigeria. Imran’s strategic partnerships have played a crucial role in positioning Bitt as the industry leader. With him joining the senior executive team, we are confident that Bitt will continue its trajectory of success, propelling us to new heights in the world of CBDC and stablecoin solutions."

With a vision for continued innovation, Bitt remains dedicated to digitizing national currencies and fostering financial inclusion worldwide.

With his extensive experience and strategic mindset, Imran Khan is well-positioned to further elevate Bitt's market presence.

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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