Bitcoin Depot Inc. Class A Common Stock
BTMBitcoin Depot Inc. Class A (BTM) is a cryptocurrency kiosk operator that provides convenient access for consumers to buy, sell, and exchange digital assets through its network of ATMs. Founded to facilitate mainstream cryptocurrency adoption, the company offers a platform enabling users to engage with digital currencies in physical retail environments.
Company News
Bitcoin Depot announced a leadership transition, with Scott Buchanan becoming CEO on January 1, 2026, while founder Brandon Mintz will continue as Executive Chairman. Elizabeth Simer was also appointed as Chief Operating Officer.
Bitcoin Depot has acquired the assets of National Bitcoin ATM, adding over 500 kiosks to its network and increasing its U.S. market share to approximately 30%. The acquisition aims to strengthen Bitcoin Depot's national presence in the cryptocurrency ATM market.
Ethereum has gained 50% in 2022, but it is underperforming other top cryptocurrencies like Bitcoin. The launch of new Ethereum ETFs has had a limited impact, and Ethereum is ceding market share to faster and cheaper blockchain rivals.
Bitcoin price fell to around $56,000 amid concerns over selling pressure from distributions by defunct exchange Mt Gox and capitulation pressure on major miners. The broader crypto market also saw little improvement, with Ether and meme tokens like SHIB and DOGE declining.
Bitcoin (BTC) price crashed due to news of Mt. Gox repayments, causing a broader crypto market sell-off. However, analysts remain bullish on BTC long-term, citing upcoming positive catalysts like Ethereum ETFs and the $16 billion FTX customer repayments.
