ATLANTA, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced its acquisition of Instant Coin Bank, a regional BTM operator with locations throughout Texas and Oklahoma. The acquisition strengthens Bitcoin Depot’s footprint in the South-Central United States and supports the Company’s long-term growth strategy. “Instant Coin Bank is a strong strategic fit in a region where we continue to see sustained demand for ...

Core Viewpoint - Bitcoin Depot has acquired Pelicoin, enhancing its presence in the Gulf South and consolidating its market position in the cash-to-crypto sector [1][2][3] Company Overview - Bitcoin Depot is a leading Bitcoin ATM operator in the U.S., with over 8,500 kiosk locations across 47 states as of June 2025 [5] - The company aims to connect cash users to the digital financial system, providing efficient means to convert cash into Bitcoin [5] Acquisition Details - The acquisition of Pelicoin will add kiosk locations in Louisiana, Mississippi, Tennessee, Alabama, and Texas, strengthening Bitcoin Depot's regional footprint [1][2] - Pelicoin's ATM network will be integrated into Bitcoin Depot's platform, transitioning to Bitcoin Depot branding in the coming weeks [2][3] Strategic Importance - The acquisition is part of Bitcoin Depot's strategy to consolidate a fragmented market and enhance its leadership in cash-to-crypto access nationwide [2] - The integration of Pelicoin's operations is expected to improve efficiency and customer support, leveraging Bitcoin Depot's scale and experience [2][3] Customer Impact - Pelicoin customers will experience no disruptions during the transition, maintaining the same functionality with enhanced support from Bitcoin Depot [3]