Bitcoin Depot Inc.

Bitcoin Depot Inc. is a leading cryptocurrency ATM operator and fintech company headquartered in Sandy Springs, Georgia, United States. Founded in 2016, its core mission is to connect individuals who prefer to use cash to the broader digital financial system, aiming to simplify access to digital assets for the masses.

The company primarily operates a vast network of Bitcoin ATMs (BTMs) across North America, allowing users to buy and sell Bitcoin, Ethereum, and Litecoin using cash. In addition to its kiosks, Bitcoin Depot offers BDCheckout, a service enabling cash-to-crypto conversions at various retail checkout counters, and facilitates online cryptocurrency purchases and over-the-counter (OTC) transactions for larger amounts. Expanding its fintech portfolio, Bitcoin Depot acquired Kutt, a peer-to-peer social betting platform, in March 2026, diversifying its product offerings beyond its core ATM business.

Bitcoin Depot Inc. became a publicly traded company on the NASDAQ under the ticker BTM in July 2023, following a SPAC merger. As of August 2025, it held the largest market share in North America for Bitcoin ATMs, operating over 9,000 kiosk locations globally. The company underwent significant leadership changes in March 2026, with Alex Holmes appointed as CEO and Chairman, succeeding Scott Buchanan, while founder Brandon Mintz transitioned to a non-executive board role. In February 2026, Bitcoin Depot implemented a new compliance policy requiring ID verification for all transactions and announced a 1-for-7 reverse stock split. The company reported a $3.7 million cryptocurrency theft in April 2026 due to a cyber attack and projected a 30-40% decline in its core business revenue for 2026, attributing it to evolving regulatory landscapes and enhanced compliance standards.