Bitcoin Depot Adds Another 11 BTC to its Treasury
February 25 2025 - 10:25AM
Bitcoin Depot (NASDAQ: BTM) (“Bitcoin Depot” or the “Company”), a
U.S.-based Bitcoin ATM operator and leading fintech company, today
announced it has purchased an additional 11.1 Bitcoin as part of
its treasury strategy, first announced in June of last year.
This purchase comes three weeks after the Company’s purchase of
51 Bitcoin earlier this month, bringing its total treasury holdings
to 82.6 BTC.
"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. "We have always believed in providing easy access to Bitcoin
for everyone, and this move reaffirms our confidence in Bitcoin’s
potential for growth.”
About Bitcoin DepotBitcoin 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 48 states and at
thousands of name-brand retail locations in 29 states through its
BDCheckout product. The Company has the largest market share in
North America with over 8,400 kiosk locations as of February 25,
2025. Learn more at www.bitcoindepot.com.
Cautionary Statement Regarding Forward-Looking StatementsThis
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 of 1934, as amended. 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, our ability to strengthen our financial
profile, and worldwide growth in the adoption and use of
cryptocurrencies. 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; risks relating to the uncertainty of our projected
financial information; 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 SlachGateway Group,
Inc. 949-574-3860 BTM@gateway-grp.com
Media Brenlyn Motlagh, Ryan Deloney Gateway Group,
Inc.949-574-3860 BTM@gateway-grp.com
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