Bitcoin Depot Inc (BTM) Financial

Bitcoin Depot Inc. engages in converting cash into crypto currency. The company is headquartered in Atlanta, Georgia and currently employs 126 full-time employees. The company went IPO on 2022-02-25. The firm provides its users with the means of converting cash into cryptocurrency, which users can deploy in the payments, spending and investing space. Its offerings include approximately 8,500 BTMs in retailer locations throughout the United States, Canada, and Puerto Rico, its BDCheckout product, which is accepted at approximately 7,600 retail locations, and its mobile app. Bitcoin Depot's process is to convert cash into Bitcoin via its BTMs and the mobile app enables not only the users, but also the broader public, to access the digital financial system. The firm primarily purchases cryptocurrencies to sell to customers. The company also offers a software solution to other BTM operators through its controlled subsidiary, BitAccess Inc. The firm's diverse retail locations consist of convenience stores and gas station chains, pharmacies and grocers, and mall operators.