Bitcoin Depot Expands Fintech Portfolio with Launch of Business Advance Platform, ReadyBucks
Rhea-AI Summary
Bitcoin Depot (NASDAQ: BTM) launched ReadyBucks, a standalone business advance platform offering revenue-based funding of $500–$2,000 to small businesses, gig workers, contractors and freelancers. ReadyBucks is live in nine states initially and uses the company’s payments and compliance infrastructure to scale the product.
The product supplies short-term working capital by purchasing a fixed portion of future revenue instead of traditional loans or credit pulls. Expansion to additional states will be evaluated over time.
Positive
- Offers business advances of $500–$2,000, targeting independent earners
- Initial rollout live in nine states, enabling market entry
- Leverages existing payments and compliance infrastructure to scale ReadyBucks
Negative
- Initial availability limited to nine states, constraining near-term reach
- Revenue-based funding may limit future cash flow from customers (fixed portion of revenue)
News Market Reaction – BTM
In the Mar 10 session, BTM gained 2.33%, reflecting a moderate positive market reaction. Argus tracked a peak move of +2.2% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Crypto Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 24 | Compliance policy update | Positive | -6.8% | Stronger ID verification and KYC measures across the U.S. kiosk network. |
| Nov 21 | Leadership transition | Neutral | -3.9% | Planned CEO handoff to Scott Buchanan and founder shift to Executive Chairman. |
| Nov 12 | Asia expansion | Positive | -5.6% | First entry into Hong Kong, positioning among top regional BTM operators. |
| Nov 4 | Retail partnership | Positive | +11.8% | Deployment of 188 BTMs through GPM convenience stores in initial phase. |
| Oct 14 | Retail distribution deal | Positive | +6.3% | Partnership with IGA to place Bitcoin kiosks in neighborhood grocery stores. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Crypto-tagged announcements often produce mixed reactions, with some expansion and partnership news sold off despite their positive strategic framing.
Over the past several months, Bitcoin Depot has used crypto-focused initiatives to expand both geographically and through retail partnerships. Key steps included kiosk rollouts with IGA and GPM, international expansion into Hong Kong, and enhanced ID verification compliance across its kiosk network. Leadership changes elevated Scott Buchanan to CEO. The ReadyBucks launch fits this pattern of adding adjacent fintech offerings and services around its core Bitcoin ATM network, complementing prior expansion moves rather than replacing them.
Key Terms
revenue-based funding financial
credit pull financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
New platform marks continued diversification beyond core crypto ATM business
ATLANTA, March 10, 2026 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced the launch of ReadyBucks, a business advance platform designed to provide working capital solutions to small businesses, gig workers and independent contractors.
ReadyBucks operates as a standalone product, independent of the Company’s bitcoin kiosk business. It is an online platform offering business advances ranging from
According to Statista projections, an estimated 86.5 million Americans, more than half of the U.S. workforce, are expected to be freelancing by 2027, highlighting the sustained growth of the independent workforce that ReadyBucks aims to serve. Bitcoin Depot’s experience operating a large-scale transaction network, managing compliance programs, and overseeing payment processing capabilities create operational synergies that position the Company to support and scale this new product line effectively.
The platform provides revenue-based funding structured to support independent earners whose income may vary week-to-week, including gig workers, contractors, self-employed individuals, and freelancers. The funding is intended to support business operations and short-term working capital needs. Rather than borrowing funds through a traditional loan or performing a credit pull, customers enter a revenue-based funding arrangement, selling a fixed portion of future business revenue in exchange for immediate capital, with repayments over a fixed term.
“We have seen a growing need for flexible capital solutions designed specifically for independent earners and small operators. ReadyBucks is structured to provide working capital tailored to the needs of small businesses in the growing 1099 economy,” said Scott Buchanan, CEO of Bitcoin Depot. “By leveraging our strong operational foundation in compliance and payments expertise we’ve developed through our core kiosk business, we believe ReadyBucks is an important step in continuing to diversify our product offerings and revenue streams.”
ReadyBucks is currently available in nine states, with Bitcoin Depot planning to evaluate expansion into additional states over time. The launch builds on the company’s recent acquisitions of the peer-to-peer social betting platform Kutt, marking its first entry into the peer-to-peer betting market, as well as regional crypto kiosk operator Instant Coin Bank.
For more information, visit https://bitcoindepot.com.
About Bitcoin Depot
Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The Company has the largest market share in North America and operates over 9,000 kiosk locations globally as of August 2025. Learn more at www.bitcoindepot.com.
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Contacts:
Investors
Cody Slach
Gateway Group, Inc.
949-574-3860
BTM@gateway-grp.com
Media
Brenlyn Motlagh, Ryan Deloney
Gateway Group, Inc.
949-574-3860
BTM@gateway-grp.com
