Bitcoin Depot Inc. (BTM), a prominent U.S.-based Bitcoin ATM operator and fintech leader, has announced its impending achievement of surpassing its ambitious target of deploying 8,000 Bitcoin ATMs, months ahead of schedule. With contracts secured for over 8,000 locations, the company is on track to solidify its position as the largest BTM fleet operator in its history.
The company’s success in signing over 8,000 locations underscores its strategic initiatives and momentum in the first quarter of 2024. Noteworthy advancements include its expansion into Puerto Rico, continued growth of its franchise program, procurement of 900 new kiosks to bolster its footprint, and a pivotal deployment partnership with a major convenience store retailer, facilitating the establishment of 940 new kiosk locations across 24 states.
Brandon Mintz, Founder and CEO of Bitcoin Depot, emphasized the significance of this milestone, stating, “This achievement showcases our team’s effective sales capabilities and reaffirms our position as the premier provider of Bitcoin accessibility across North America. As industry pioneers, our dedication lies in delivering exceptional service and convenience, empowering customers to seamlessly navigate the digital financial landscape.”
Bitcoin Depot’s products and services offer an intuitive, swift, and convenient avenue for converting cash into Bitcoin, granting users access to the broader digital financial ecosystem for various purposes such as payments, transfers, remittances, online purchases, and investments.
Having secured the #1 market share position in North America in early 2022, Bitcoin Depot’s remarkable journey culminated in becoming the first BTM operator to go public on a major U.S. stock exchange in 2023. The company and its leadership have garnered recognition for their industry-leading growth, earning accolades such as inclusion in Forbes 30 Under 30, Deloitte’s 2023 Technology Fast 500, and the 2023 Inc. 5000 list.
