​​Bitcoin Depot buys additional US$5 million in Bitcoin, boosting treasury holdings to 71.5 BTC

Bitcoin Depot, a US Bitcoin ATM operator, has purchased an additional US$5 million in Bitcoin as part of its treasury strategy.

The firm launched its treasury in June 2024. The latest acquisition of 51 BTC brings the company’s total holdings to 71.5 Bitcoin, reinforcing its commitment to the cryptocurrency as a core financial asset.

“Adopting Bitcoin as part of our treasury strategy underscores our long-standing belief in Bitcoin as a significant financial asset and a store of value,” said Brandon Mintz, CEO of Bitcoin Depot, in a press release

“We have always believed in providing easy access to Bitcoin for everyone, and this move reaffirms our confidence in Bitcoin’s potential for growth. Given the recent accounting standards update, it also allows our shareholders to benefit from future BTC appreciation.”

Bitcoin Depot, founded in 2016, operates the largest network of Bitcoin kiosks in North America, with approximately 8,400 locations across 48 states as of December 31, 2024. 

The company also offers cash-to-Bitcoin conversions at thousands of retail locations through its BDCheckout product.

Bitcoin Depot’s growing Bitcoin reserves highlight its bullish outlook on the cryptocurrency’s value proposition. As regulatory and accounting frameworks evolve, corporate Bitcoin holdings could increasingly influence investor sentiment and market dynamics. The company’s expanded treasury position may also strengthen its competitive edge in the fintech and crypto ATM sectors.

Disclaimer: The content on this website is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a qualified professional before making financial decisions.

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