Bitcoin ATM Business Remained Sluggish Through Bull Market [Yahoo! Finance]

Bitcoin Depot Inc. - Class A (BTM)
Company Research
Source: Yahoo! Finance
Bitcoin Depot (BTM), a firm that specializes in selling bitcoin ATMs, has seen a revenue loss from $150 million in the fourth quarter of 2022 to $137 million in the fourth quarter of 2024. The lower transaction volume was primarily due to regulatory changes in the state of California, the firm told CoinDesk. Furthermore, Bitcoin Depot's cash flow has historically been uncorrelated to bitcoin's price action, contended Brandon Mintz, the firm's president and CEO. “Even when we saw that crash in 2022, transaction volumes were still growing,” he said. Bitcoin Depot's stock is down roughly 85% since it began trading on the Nasdaq after its merger with a special purpose acquisition company (SPAC) in 2023. The company's market capitalization stands at $
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News
- Bitcoin Depot Names David Gray as Chief Financial OfficerGlobeNewswire
- Bitcoin Depot Inc. (NASDAQ: BTM) had its "buy" rating re-affirmed by analysts at B. Riley. They now have a $4.70 price target on the stock, up previously from $4.50.MarketBeat
- Bitcoin Depot Inc. (BTM) Q4 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Bitcoin Depot Inc. (NASDAQ: BTM) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.MarketBeat
- Bitcoin Depot Inc. (BTM) Stock [Seeking Alpha]Seeking Alpha
BTM
Sec Filings
- 3/24/25 - Form 10-K
- 3/24/25 - Form 8-K
- 3/18/25 - Form 8-K
- BTM's page on the SEC website