Bitcoin Depot Targets Bitcoin Treasury Strategy
Bitcoin Depot Inc. - Class A (BTM)
Company Research
Source: GlobeNewswire
ATLANTA, June 17, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced it plans to allocate a portion of its cash reserves to Bitcoin (BTC). Any future purchases will be opportunistic in nature and will not interfere with cash needs to support the company’s multiple growth opportunities. This shift in BTM’s treasury strategy follows Accounting Standards Update (ASU) 2023-08, which, among other things, allows companies to record gains held on cryptocurrencies. The ASU will apply to all entities with fiscal years beginning after December 15, 2024. "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 an
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BTM
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- 11/13/23 - Miss
BTM
Sec Filings
- 9/23/24 - Form 4
- 9/23/24 - Form 3
- 9/23/24 - Form SC
- BTM's page on the SEC website