Bitcoin Depot IncNASDAQ BTM

Bitcoin Depot Inc. engages in converting cash into crypto currency. The company is headquartered in Atlanta, Georgia and currently employs 124 full-time employees. The company went IPO on 2022-02-25. The firm provides its users with the means of converting cash into cryptocurrency, which users can deploy in the payments, spending and investing space. Its offerings included approximately 6,300 BTMs in retailer locations throughout the United States and Canada, its BDCheckout product, which is accepted at approximately 5,700 retail locations, and its mobile app. Bitcoin Depot's process is to convert cash into Bitcoin via its BTMs and the mobile app enables not only the users, but also the broader public, to access the digital financial system. The firm primarily purchases cryptocurrencies to sell to customers. Its cryptocurrencies consisted primarily of Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). The firm's diverse retail locations consist of convenience stores and gas station chains: pharmacies and grocers, and mall operators.