The largest Bitcoin ATM operator in the United States is making new moves to expand their operations.
What’s happening:
- Bitcoin Depot (NASDAQ: BTM) has announced a new order to purchase 500 more Bitcoin ATMs to be deployed across the United States
By the numbers:
- Bitcoin Depot currently has a presence in 48 states in the US and 10 provinces in Caanda
- Bitcoin Depot has more than 6,000 operating Bitcoin ATMs within North America
- Over 3M individual transactions have been successfully completed by Bitcoin Depot
Why it matters:
- Expanding the accessibility of Bitcoin ATMs is an important part of accelerating digital asset ownership by simplifying the process of converting fiat into Bitcoin
- Bitcoin Depot is the first ever company exclusively focused on Bitcoin ATMs to ever go public on a major US stock exchange
Going deeper:
- Bitcoin ATMs have become an increasingly popular way to onramp individuals into Bitcoin ownership, with multiple publicly traded companies in North America starting to expand their physical locations
- Bitcoin Depot currently has a partnership with retail giant Circle K to be their exclusive provider of Bitcoin ATMs at all of their locations
