Welcome to our dedicated page for Bitcoin Depot news (Ticker: BTM), a resource for investors and traders seeking the latest updates and insights on Bitcoin Depot stock.
Bitcoin Depot Inc. (NASDAQ: BTM) maintains North America's largest network of Bitcoin ATMs, providing essential cash-to-crypto conversion solutions through strategic retail partnerships. This news hub offers investors and industry observers centralized access to the company's latest developments, financial disclosures, and market initiatives.
Track official press releases covering quarterly earnings, technology upgrades, regulatory compliance updates, and new retail collaborations. Our curated news collection serves as a reliable resource for understanding BTM's evolving role in bridging traditional finance with digital asset accessibility.
Key focus areas include expansion of the BDCheckout platform, partnership announcements with major convenience store chains and pharmacies, and innovations in user security protocols. All content is verified through primary sources to ensure accuracy in reporting financial metrics and operational milestones.
Bookmark this page for timely updates on Bitcoin Depot's market position, regulatory developments affecting crypto ATM operators, and strategic responses to evolving digital finance trends. For historical context, review archived announcements documenting the company's growth since its NASDAQ listing.
Bitcoin Depot (NASDAQ: BTM), a leading U.S.-based Bitcoin ATM operator, has appointed David Gray as Chief Financial Officer, effective immediately. Gray brings over 20 years of financial leadership experience to the cryptocurrency company.
Gray joins from Aviat Networks, where as CFO he helped grow revenue from $275 million to nearly $500 million through strategic acquisitions and financial transformation. His previous roles include CFO and senior finance positions at Superior Essex, Eaton , and Newell Brands.
In his new role, Gray will oversee Bitcoin Depot's financial strategy, treasury, and corporate development. He holds a B.S. in Accounting from Penn State University and is both a Certified Management Accountant (CMA) and Certified Public Accountant (CPA).
Bitcoin Depot (BTM) reported Q4 2024 financial results with revenue of $136.8 million, down from $148.4 million in Q4 2023. Despite lower revenue, the company showed significant improvements in profitability with Q4 net income increasing to $5.4 million compared to a net loss of $1.7 million in the prior year quarter.
Key Q4 metrics include a 16% reduction in operating expenses to $15.0 million, an 18% increase in adjusted gross profit to $25.4 million, and a 34% rise in adjusted EBITDA to $12.0 million. For full-year 2024, revenue was $573.7 million, with net income up 432% to $7.8 million.
The company provided strong guidance for Q1 2025, projecting revenue between $151-154 million (9-11% growth) and adjusted EBITDA of $12-14 million (over 200% growth). Bitcoin Depot has increased its Bitcoin treasury to 94 BTC and is considering potential cash dividend initiatives.
Bitcoin Depot (NASDAQ: BTM), the largest Bitcoin ATM operator in the U.S., has appointed Chris Ryan as Chief Legal Officer to strengthen its C-suite and support expansion. Ryan, formerly Deputy General Counsel at MoneyGram International, brings over a decade of experience in cryptocurrency, financial services, and regulatory compliance.
In his new role, Ryan will lead Bitcoin Depot's legal and compliance strategy, focusing on governance, risk management, and regulatory matters. His previous experience includes leading global legal teams, negotiating fintech deals, developing compliance frameworks, and working with policymakers on cryptocurrency regulations.
At MoneyGram, Ryan oversaw cryptocurrency initiatives and regulatory strategy across North America, Latin America, Europe, and Africa. He holds a J.D. from Florida Coastal School of Law and a B.S. in Political Science from the University of Dayton.
Bitcoin Depot (BTM) has announced its upcoming fourth quarter and full year 2024 financial results conference call, scheduled for Tuesday, March 18th, 2025, at 10:00 AM ET (7:00 AM PT). The company plans to release its results before the market opens on the same day.
The conference call details include:
- Toll-free number (US & Canada): 888-596-4144
- US toll number: 646-968-2525
- Conference ID: 8224936
A webcast will be available, and a replay option will be accessible after 2:00 PM ET through March 25, 2025. For replay access:
- US & Canada toll-free: 800-770-2030
- US toll: 609-800-9909
Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM operator and fintech company, has announced the purchase of 11.1 Bitcoin for its treasury. This acquisition follows the company's previous purchase of 51 Bitcoin earlier this month, bringing its total treasury holdings to 82.6 BTC. The purchase aligns with Bitcoin Depot's treasury strategy, which was first announced in June 2024.
Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM operator and fintech company, has announced the purchase of an additional $5 million in Bitcoin, acquiring 51 BTC as part of its treasury strategy. This addition brings the company's total Bitcoin holdings to 71.5 BTC.
The treasury strategy, which was first announced in June 2024, reflects the company's confidence in Bitcoin as a significant financial asset and store of value. CEO Brandon Mintz highlighted that this move aligns with their mission of providing easy Bitcoin access while allowing shareholders to benefit from potential BTC appreciation, particularly considering recent accounting standards updates.
Bitcoin Depot, a U.S.-based Bitcoin ATM operator, announced preliminary financial results for Q4 2024. The company expects revenue to range between $135 million and $137 million, compared to $135.3 million in Q3 2024 and $148.4 million in Q4 2023.
Adjusted EBITDA is anticipated to be between $11 million and $13 million, marking an increase of 22% to 44% compared to $9 million in Q4 2023 and 19% to 41% compared to $9.2 million in Q3 2024.
CEO Brandon Mintz highlighted the sequential revenue growth and substantial improvements in adjusted EBITDA, attributed to the expansion of the BTM network and enhanced kiosk profitability. He expressed optimism for 2025, citing a favorable cryptocurrency market environment.
The results are preliminary, unaudited, and based on the company's estimates, with final results expected in March.
Bitcoin Depot (NASDAQ: BTM) has announced the deployment of 50 new Bitcoin ATMs through a partnership with a major convenience store chain across the Texas Panhandle and surrounding states. This expansion aims to provide easier access to Bitcoin purchases and participation in digital finance.
The company has achieved several key milestones, including expanding its BDCheckout Program to six new states and extending operations to Australia and Puerto Rico. In July 2024, Bitcoin Depot surpassed its target of deploying over 8,000 Bitcoin ATMs five months ahead of schedule, maintaining its position as North America's largest BTM operator.
The BTMs are designed to enable customers to convert cash into Bitcoin efficiently for various purposes including payments, transfers, remittances, and investments.
Bitcoin Depot (NASDAQ: BTM), North America's largest Bitcoin ATM operator, celebrates Bitcoin surpassing $100,000, marking a historic milestone in cryptocurrency. The company, operating over 8,300 Bitcoin ATM kiosks across North America and Puerto Rico, has achieved significant expansion in 2024, including:
- Extension of BDCheckout Program to six new states
- Expansion into Puerto Rico
- New partnerships with major convenience and grocery retailers
The company emphasizes its role in facilitating crypto adoption through user-friendly access points, enabling cash-to-Bitcoin conversions for payments, transfers, remittances, and investments. This milestone coincides with broader industry developments, including SEC approval of Bitcoin spot ETFs and increased institutional adoption.
Bitcoin Depot reported Q3 2024 financial results showing revenue of $135.3 million, down 25% year-over-year due to unfavorable California legislation and kiosk relocation efforts. The company expanded its Bitcoin ATM network to 8,300 machines. Net income increased 116% to $2.3 million, while operating expenses decreased 13% to $16.9 million. Adjusted EBITDA declined 34% to $9.2 million. The company generated $5.8 million in operational cash flow and ended the quarter with $32.2 million in cash. Management announced plans to initiate common shareholder dividends in 2025.
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