What Does Bitcoin Depot (BTM) Do? - Stock Outlook, Earnings, Market Cap, Related Stocks & Headquarters Summary
A company operating the largest Bitcoin ATM network in North America, providing accessibility to cryptocurrencies.
Subscribe🏢 What kind of company is Bitcoin Depot?
Bitcoin Depot is the world's largest Bitcoin ATM operator, founded in 2016. Headquartered in Atlanta, Georgia, USA, the company has installed more than approximately 9,700 kiosks across convenience stores, gas stations, pharmacies, and other retail locations throughout North America, offering a service that allows anyone to easily purchase Bitcoin with cash.
💰 How does it make money?
| Business Segment | Revenue Share | Description |
|---|---|---|
| BTM Kiosks | Majority | Transaction fee revenue from Bitcoin ATMs (core business) |
| BDCheckout | Partial | Service that allows users to fund Bitcoin accounts with cash at retail locations without a kiosk |
| Other and New Businesses | Growing | New diversification businesses such as Kutt (betting platform) and ReadyBucks (corporate finance) |
The majority of revenue at the approx. ₩842300M scale is generated from transaction fees through kiosks. Bitcoin Depot holds approximately 28% of the North American market share, making it the overwhelming No. 1 operator. In 2025, the average transaction amount increased, allowing top-line growth to continue.
📐 Market Cap and Company Scale
The market cap is $5.6M, approximately About 0% the level of Samsung Electronics' market cap. The number of employees is 135 people.
It is currently a financial technology company with a market cap of $5.6M. Approximately 135 people employees operate the global kiosk network and regulatory compliance systems. The company maximizes accessibility based on strong partnerships with retail distribution networks.
Bitcoin Depot Outlook and Stock Price TrendsThe company has achieved steady growth alongside the popularization of Bitcoin, but there are concerns that growth could slow due to transaction limit caps and strengthened Know Your Customer (KYC) regulations recently introduced in key states such as California. To respond to this, the company is focusing on improving -1.0% while also expanding into the non-gaming and corporate finance sectors.
⚔️ Key Competitive Strengths and Risks
The company possesses the overwhelming No. 1 physical network in North America, but it faces the challenge of navigating heightened cryptocurrency-related regulations.
💪 Key Competitive Strengths
⚠️ Key Risks
🔄 Competitors and Related Stocks (Beneficiaries)
In the Bitcoin ATM sector, the company competes directly with CoinFlip, RockItCoin, Athena Bitcoin, and others. In the digital platform sector, it also competes indirectly with exchanges such as Coinbase (COIN) and Kraken, as well as Cash App (SQ) and PayPal (PYPL), which offer Bitcoin purchasing functionality.
✅ Investor Checkpoints
Bitcoin Depot serves as a bridge connecting cryptocurrency to the real economy's cash. Regulatory changes are a key variable for future growth.
| Checkpoint | Verification Item | Current Status |
|---|---|---|
| 📜 Regulatory Response | Assess the impact of regulatory changes in key regions such as California on overall transaction volume | Regulatory Risk |
| 🔄 Business Diversification | Check the revenue contribution from newly introduced betting platform and corporate finance services | Revenue Source Diversification Results |
| 📊 Transaction Metrics | Maintenance of average transaction amount per kiosk and number of active users | Core Operational Efficiency |
Government regulatory tightening can undermine the convenience of the Bitcoin ATM business model and lead to revenue declines. Additionally, there is a risk of declining trust in the event of negative public sentiment toward cryptocurrency or security incidents.
Although it is the king of the North American Bitcoin ATM market, it currently faces the challenge of regulation. Successful business diversification and adaptation to the regulatory environment will determine its long-term investment value.
Check Bitcoin Depot's real-time prices, technical indicators, and peer comparisons at a glance on US Stock Today's real-time dashboard.
1-Year Price Performance
Analyst Consensus
52-Week Price Range⚔️ Key Competitive Strengths and Risks
The company possesses the overwhelming No. 1 physical network in North America, but it faces the challenge of navigating heightened cryptocurrency-related regulations.
💪 Key Competitive Strengths
⚠️ Key Risks
🔄 Competitors and Related Stocks (Beneficiaries)
In the Bitcoin ATM sector, the company competes directly with CoinFlip, RockItCoin, Athena Bitcoin, and others. In the digital platform sector, it also competes indirectly with exchanges such as Coinbase (COIN) and Kraken, as well as Cash App (SQ) and PayPal (PYPL), which offer Bitcoin purchasing functionality.
Competitors| Ticker | Company | Price | Change | Market Cap | P/E | PBR | ROE | Dividend Yield |
|---|---|---|---|---|---|---|---|---|
| COIN | Coinbase Global Inc | $172.28 | -1.4% | $45.5B | - | 3.5 | -7.85% | - |
| PYPL | PayPal Holdings Inc | $53.31 | +2.2% | $45.6B | 10.1 | 2.3 | 24.5% | 0.64% |
Related stocks (beneficiaries)| Ticker | Company | Price | Change | Market Cap | P/E | PBR | ROE | Dividend Yield |
|---|---|---|---|---|---|---|---|---|
 MARA | MARA Holdings Inc | $11.43 | -4.1% | $4.4B | - | 2.6 | -107.12% | - |
 RIOT | Riot Platforms Inc | $20.93 | -5.1% | $7.9B | - | 3.6 | -48.24% | - |
✅ Investor Checkpoints
Bitcoin Depot serves as a bridge connecting cryptocurrency to the real economy's cash. Regulatory changes are a key variable for future growth.
| Checkpoint | Verification Item | Current Status |
|---|---|---|
| 📜 Regulatory Response | Assess the impact of regulatory changes in key regions such as California on overall transaction volume | Regulatory Risk |
| 🔄 Business Diversification | Check the revenue contribution from newly introduced betting platform and corporate finance services | Revenue Source Diversification Results |
| 📊 Transaction Metrics | Maintenance of average transaction amount per kiosk and number of active users | Core Operational Efficiency |
Government regulatory tightening can undermine the convenience of the Bitcoin ATM business model and lead to revenue declines. Additionally, there is a risk of declining trust in the event of negative public sentiment toward cryptocurrency or security incidents.
Although it is the king of the North American Bitcoin ATM market, it currently faces the challenge of regulation. Successful business diversification and adaptation to the regulatory environment will determine its long-term investment value.
Check Bitcoin Depot's real-time prices, technical indicators, and peer comparisons at a glance on US Stock Today's real-time dashboard.
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