Bitcoin Depot Expands into Hong Kong, Marking First Asia Expansion

Rhea-AI Summary

Bitcoin Depot (NASDAQ: BTM) announced expansion into Hong Kong on November 12, 2025, marking its first entry into Asia and positioning the company as one of the top five operators in the region.

The move follows 2025 momentum including a retail partnership with GPM Investments, the asset acquisition of National Bitcoin ATM, and October compliance program enhancements. Bitcoin Depot said the launch targets high demand for cash-to-crypto access and builds on its footprint across North America and Australia since going public in July 2023.

The company frames the expansion as part of its mission to make Bitcoin accessible through physical BTMs and to connect users to digital financial services.

Positive

• Entered Hong Kong market on Nov 12, 2025
• Positioned as a top five operator in the region
• Completed National Bitcoin ATM asset acquisition in 2025
• Launched retail partnership with GPM Investments in 2025
• Implemented compliance program enhancements in October 2025

Negative

• None.

Insights

Market Expansion Strategist

Entry into Hong Kong broadens physical crypto access; immediate impact limited but strategically relevant.

Bitcoin Depot expands into Hong Kong on Nov. 12, 2025, adding a major Asian financial hub to its geographic footprint and claiming a top-five regional position. The company highlights recent actions that support scale: a retail partnership with GPM Investments, an asset acquisition, and compliance enhancements in October.

Business mechanics are simple: physical BTMs convert cash to Bitcoin and extend on‑ramp access in markets with local demand. The announcement documents operational growth rather than new revenue figures, so the concrete effect on profits or volumes remains unspecified. Key dependencies include local user adoption and effective regulatory compliance in Hong Kong; both are stated as drivers but without quantified metrics.

Watch for measurable signals within the next 12 months: rollout pace (number of installed ATMs), any local partnerships, and formal regulatory filings or approvals. These items will clarify whether the expansion meaningfully alters scale or revenue.

Regulatory & Compliance Analyst

Regulatory posture and compliance upgrades underpin Asia entry but provide no financial metrics.

The release notes enhancements to the company’s compliance program in October, and it frames Hong Kong as having a suitable regulatory mix for crypto activity. Stating compliance improvements alongside the market entry signals the company views regulatory readiness as a prerequisite for operating in Hong Kong.

Risks and dependencies are explicit: ongoing adherence to local rules and demonstrable compliance controls determine operational permissibility. The announcement contains no regulatory approvals or specific compliance metrics, so it does not confirm regulatory clearance or lowered enforcement risk.

Concrete near-term items to monitor are any Hong Kong licensing notices, published compliance certifications, and public filings referencing the Hong Kong operations; such disclosures within 6–12 months would materially change the regulatory assessment.

Launch in Key Global Crypto Market Signals Company’s Growing International Momentum

ATLANTA, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced its entrance into the Asian market with its expansion into Hong Kong. This move highlights Bitcoin Depot’s accelerating global momentum and strategic focus on expanding into markets where cash-to-crypto access is in high demand.

Hong Kong has rapidly emerged as one of the most watched crypto markets in the world, serving as a key financial hub with growing institutional and retail interest in digital assets. With this launch, Bitcoin Depot will become one of the top five operators in the region.

“Hong Kong is quickly becoming a global center for crypto, with the right mix of regulation, demand, and momentum,” said Scott Buchanan, President & COO of Bitcoin Depot. “What we do best is make Bitcoin easy and accessible in the real world, directly addressing the demand we see in the Hong Kong market. Expanding here is a clear step forward as we continue our mission of bringing Bitcoin to the Masses.®”

This expansion into Hong Kong builds on Bitcoin Depot’s strong operational momentum and growth throughout 2025. It follows the recent retail partnership with GPM Investments, the asset acquisition of National Bitcoin ATM, and the successful rollout of enhancements to its compliance program in October.

Since becoming the first U.S. Bitcoin ATM operator to go public in July 2023, the company has steadily expanded its footprint across North America and Australia, highlighting its ability to scale while maintaining profitability.

Bitcoin Depot’s products and services provide an intuitive, fast, and convenient way to convert cash into Bitcoin. This allows users to access the broader digital financial system, including payments, transfers, remittances, online purchases, and investments.

For more information, visit https://bitcoindepot.com.hk/.

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 with over 9,000 kiosk locations as of August 2025. Learn more at www.bitcoindepot.com.

Cautionary Note Regarding Forward-Looking Statements
This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, the anticipated effects of the Agreement. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

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

FAQ

What did Bitcoin Depot (BTM) announce on November 12, 2025?

Bitcoin Depot announced expansion into Hong Kong, its first market entry in Asia.

How does the Hong Kong launch affect Bitcoin Depot's regional standing (BTM)?

The company said the Hong Kong launch positions it as one of the top five operators in the region.

What recent 2025 deals preceded Bitcoin Depot's Hong Kong expansion (BTM)?

Recent 2025 actions include a retail partnership with GPM Investments and the asset acquisition of National Bitcoin ATM.

When did Bitcoin Depot (BTM) first go public?

Bitcoin Depot became the first U.S. Bitcoin ATM operator to go public in July 2023.

Where can investors find more information about Bitcoin Depot's Hong Kong rollout (BTM)?

More information is available at the company's Hong Kong site: https://bitcoindepot.com.hk/.