Core Insights - Bitcoin Depot has launched a profit-sharing program in 2023 to expand its North American presence and provide deployment opportunities for qualified partners [1][6] - Sopris Capital has joined this program by purchasing 50 kiosks, which allows them to benefit from Bitcoin Depot's operational expertise and earn passive income from Bitcoin ATMs [1][6] - The partnership between Bitcoin Depot and Sopris Capital reflects confidence in Bitcoin Depot's growth strategy and potential [2][7] Company Overview - Bitcoin Depot, founded in 2016, operates Bitcoin ATMs and aims to connect cash users to the digital financial system [8] - The company has the largest market share in North America, with approximately 7,400 kiosk locations as of April 1, 2024 [8] - Bitcoin Depot's services enable users to convert cash into Bitcoin easily, facilitating payments, transfers, and online purchases [7][8] Profit-Sharing Program Details - The profit-sharing program includes a comprehensive investment package that covers kiosk use, operating software, shipping, installation, and ongoing support [12] - Partners in the program receive monthly profit splits, providing a direct financial benefit and a passive income stream [12] - The program allows companies to leverage Bitcoin Depot's expertise in Bitcoin ATM operations and its integration with BitAccess software [12]
Bitcoin Depot Announces Sale of 200 Additional Kiosks to Sopris Capital Through Profit-Sharing Program