Core Insights - Bitcoin Depot has appointed Alex Holmes, a seasoned expert in payments and compliance, to its Board of Directors and Audit Committee, effective August 20, 2025, to guide the company through the evolving crypto landscape [1][2]. Company Overview - Bitcoin Depot, founded in 2016, aims to connect cash users to the digital financial system, allowing for easy conversion of cash to Bitcoin through its kiosks located in 47 states and thousands of retail locations [4]. - The company holds the largest market share in North America with over 9,000 kiosk locations as of June 2025 [4]. Leadership and Expertise - Alex Holmes brings over 25 years of experience in financial services, having previously served as Chairman and CEO of MoneyGram International, where he led significant transformations and compliance initiatives [2]. - Under Holmes' leadership, MoneyGram was recognized as one of the Best Places to Work and underwent a $2 billion acquisition by Madison Dearborn Partners in 2023 [2]. Strategic Vision - Holmes expressed enthusiasm for supporting Bitcoin Depot's mission to enhance accessibility and compliance in the Bitcoin ATM sector, aiming to bring cryptocurrency to a broader audience [3].

ATLANTA, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Bitcoin Depot ("Bitcoin Depot" or the "Company") (NASDAQ: BTM), a U.S.-based Bitcoin ATM ("BTM") operator and leading fintech company, today announced that it has been recognized as one of America's Greatest Companies 2025 by Newsweek and Plant-A Insights Group. The annual list celebrates companies that excel in employee satisfaction, customer experience, and long-term business growth. Newsweek's evaluation process included employee interviews, customer surveys, pu ...

Q2 Revenue up 6% Year-Over-Year to $172.1 Million Q2 Net Income up 183% Year-Over-Year to $12.3 Million "In addition to our financial progress, we've taken meaningful steps to further strengthen our operations and enhance shareholder alignment. We eliminated our former UP-C corporate structure to simplify our governance and improve transparency, and continued to strategically add Bitcoin to our treasury. These actions reflect our long-term commitment to responsible growth, prudent capital allocation, and bu ...

Core Viewpoint - Bitcoin Depot, Inc. (BTM) is set to release its second-quarter 2025 results on August 12, with expectations of revenue growth driven by rising Bitcoin prices and kiosk expansion [1][4][21] Financial Performance - In the last reported quarter, BTM's earnings exceeded the Zacks Consensus Estimate, attributed to higher revenues and lower operating expenses, although increased other expenses posed a challenge [1][2] - The Zacks Consensus Estimate for quarterly sales is $170.31 million, indicating a 4.4% year-over-year improvement, while earnings are expected to be 17 cents, reflecting a 230.8% increase from the previous year [2][8] Revenue Drivers - The surge in Bitcoin prices during the second quarter is expected to significantly boost BTM's revenues, particularly from its Kiosks segment, as investors sought to capitalize on potential returns [4][6] - BTM's acquisition of Pelicoin, LLC, is anticipated to enhance its market presence and contribute positively to revenue growth [6][7] Expense Considerations - Total operating expenses are likely to remain high due to ongoing kiosk network expansion, customer support improvements, and regulatory compliance efforts [7] - Integration-related charges from the Pelicoin acquisition may also impact expenses during the quarter [7] Stock Performance - BTM shares experienced a remarkable increase of 257% in Q2 2025, outperforming the industry average rise of 16.1% and key peers like Coinbase and BTCS [10][8] - Currently, BTM is trading at a forward price/sales ratio of 0.5X, which is below the industry average, suggesting it may be undervalued compared to peers [14][16] Investment Outlook - Bitcoin Depot is positioned for growth due to its leadership in BTM kiosks and the expansion of BDCheckout, alongside favorable regulatory developments and increasing interest in cryptocurrencies [17][19] - The company has a solid balance sheet, allowing for potential share repurchase plans, although it does not pay dividends as it focuses on reinvestment [19][21]

Core Insights - Bitcoin Depot Inc. (BTM) focuses on Bitcoin through its extensive network of crypto ATMs, while BTCS, Inc. (BTCS) generates revenues from Ethereum block-building and validator node operations [2][9] - The performance comparison between Bitcoin Depot's Bitcoin-centric strategy and BTCS's Ethereum-based approach is a key focus [2] Bitcoin Depot Overview - Bitcoin Depot's revenues are primarily driven by BTM Kiosks, which contributed approximately 99.7% of total revenues in Q1 2025, with 8,463 kiosks installed across the U.S., Canada, and Puerto Rico [3][8] - The company launched BDCheckout in 2022, allowing customers to load cash into accounts at retail locations to buy Bitcoin, expanding its customer base without significant upfront costs [4] - Bitcoin Depot aims to increase BDCheckout transaction volume to reduce capital expenditures and sustain profitability, while also expanding its BTM Kiosk network through partnerships [5][8] - In June 2025, Bitcoin Depot acquired Pelicoin, LLC assets to enhance its presence in the Gulf South region and increased its Bitcoin holdings to over 100 Bitcoins, indicating confidence in Bitcoin's long-term value [6] - The company signed multiple franchise profit-sharing deals and agreements with convenience stores to diversify its kiosk installations [7] BTCS Overview - BTCS focuses on blockchain infrastructure, primarily on the Ethereum network, with 54.9% of NodeOps revenues coming from Ethereum in Q1 2025 [9] - The introduction of Builder+ in 2024 has become a significant revenue contributor, accounting for 79.9% of total revenues in Q1 2025 [10] - BTCS has developed ChainQ, an AI-driven blockchain data and analytics platform, to enhance transparency and accessibility in the blockchain ecosystem [11] - The company aims to grow revenue and margins by scaling Ethereum block-building and enhancing its technology stack [13] Performance Comparison - In 2025, Bitcoin Depot's stock has increased by 208%, while BTCS's stock has risen by 95.5%, indicating stronger investor sentiment towards Bitcoin Depot [14] - Bitcoin Depot is trading at a forward 12-month price-to-sales (P/S) ratio of 0.5X, compared to BTCS's 12.08X, suggesting that BTCS is relatively expensive [15][16] - Bitcoin Depot's return on equity stands at 70.88%, significantly higher than BTCS's -41.76%, reflecting better efficiency in generating profits [19] Earnings and Revenue Estimates - The Zacks Consensus Estimate for Bitcoin Depot indicates revenue growth of 9.5% and 4.3% for 2025 and 2026, respectively, with earnings expected to jump by 176.7% in 2025 [21] - For BTCS, the revenue estimate for 2025 implies a year-over-year increase of 74.7%, with earnings expected to rise by 38.2% [23] Investment Outlook - Bitcoin Depot's rapid scaling through BTM Kiosks and BDCheckout growth, along with stronger revenue and earnings growth prospects, positions it as a high-upside investment opportunity [26] - BTCS remains solid in its Ethereum-based approach but faces challenges in comparison to Bitcoin Depot's performance [26]

Company Overview - Bitcoin Depot is a U.S.-based Bitcoin ATM operator and leading fintech company, founded in 2016, with a mission to connect cash users to the digital financial system [3] - The company has the largest market share in North America, operating over 8,800 kiosk locations as of June 2025 [3] - Bitcoin Depot provides users with simple and efficient means to convert cash into Bitcoin, which can be used for payments, spending, and investing [3] Upcoming Financial Results - Bitcoin Depot will hold a conference call and live audio webcast on August 12, 2025, at 10:00 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2025 [1] - The financial results will be released before the market opens on the same day [1] Conference Call Details - U.S. and Canada toll-free call number: 888-596-4144; U.S. toll number: 646-968-2525; Conference ID: 9071245 [2] - A replay of the call will be available starting after 2:00 p.m. Eastern time through August 19, 2025 [2] - Contact information for investor relations is provided for any difficulties connecting to the conference call [2]

Seasoned Compliance Leader Joins Bitcoin Depot to Support Global Expansion and Strengthen Regulatory Strategy ATLANTA, July 21, 2025 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM ("BTM") operator and leading fintech company, today announced the appointment of Philip Brown as Chief Compliance Officer. With extensive experience in global compliance frameworks and financial services, Brown will oversee Bitcoin Depot's compliance strategy as the Company continues its rapid expansion ...

Core Insights - Bitcoin Depot Inc. (BTM) shares have surged 250.6% year-to-date, outperforming the industry, Zacks Finance sector, and S&P 500 index [2][11] - The company has benefited from rising cryptocurrency demand and favorable regulatory conditions under the Trump administration [6][16] - Bitcoin Depot's revenue growth is primarily driven by its BTM Kiosks, which accounted for approximately 99.7% of total revenues [8][10] Revenue Growth and Business Model - Revenues have been increasing, with a decline in 2024 but a rise in 2023, and continued growth in Q1 2025 year-over-year [7][13] - As of March 31, 2025, Bitcoin Depot had 8,463 BTM Kiosks installed across the U.S., Canada, and Puerto Rico, with a median transaction size of $300 [8] - The launch of BDCheckout in 2022 allows customers to load cash at retail locations, expanding the client base without significant upfront costs [9][10] Strategic Initiatives - The company aims to increase BDCheckout transaction volume to reduce capital expenditures and achieve profitability [10] - Bitcoin Depot has entered into franchise profit-sharing arrangements and secured deals to install kiosks in over 900 locations, diversifying its presence [12][13] - The acquisition of Pelicoin, LLC's assets aims to strengthen its market position in the Gulf South region [10] Financial Performance and Estimates - As of March 31, 2025, Bitcoin Depot had cash and cash equivalents of $35 million and total debt of $55.5 million [18][19] - The Zacks Consensus Estimate for 2025 and 2026 earnings per share is 46 cents and 51 cents, respectively, indicating year-over-year growth of 176.7% and 10.3% [25][27] - The company's 12-month forward P/E ratio of 11.78X is lower than the industry average of 21.63X, suggesting the stock is undervalued [20][24] Regulatory Environment - Favorable regulatory developments under the Trump administration are expected to boost cryptocurrency adoption [16][18] - Recent clarifications from the FDIC and executive orders from Trump indicate a supportive environment for cryptocurrency firms [17][18] Competitive Landscape - Bitcoin Depot faces competition from peers like Coinbase and BTCS, which may impact its pricing power [28] - The company operates in a highly regulated industry, facing potential legal challenges that could affect operations [28]

Core Viewpoint - Bitcoin Depot has purchased additional Bitcoin, bringing its total holdings to over 100 BTC as part of its long-term growth strategy, reinforcing its belief in Bitcoin as a strategic asset and store of value [1][2][3] Company Strategy - The recent purchase follows earlier acquisitions of 51 and 11 BTC in February 2025, indicating a consistent strategy to expand its treasury [2] - CEO Brandon Mintz emphasized that Bitcoin is a foundational piece of the company's long-term growth strategy, aligning with the evolving digital asset landscape [3] Market Position - Bitcoin Depot operates the largest Bitcoin ATM network in North America, with over 8,500 locations, and has recently acquired assets from regional operator Pelicoin to strengthen its market leadership [4] - The company is committed to enabling access to Bitcoin and expanding its international footprint [3][4] Industry Context - The announcement comes amid significant momentum in the Bitcoin market in 2025, characterized by policy clarity, growing institutional demand, and a recent all-time price high exceeding $111,000 [3]

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]