Data: Encrypted ATM operator Bitcoin Depot third-quarter revenue 135.3 million dollars

2024-11-16 09:35:31

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ChainCatcher news, according to The Block, Atlanta-based crypto ATM manufacturer Bitcoin Depot has released financial reports showing that the company's revenue for the third quarter was $135.3 million, a decrease of 25% compared to $179.5 million in the third fiscal quarter of 2023.

The company also reported holding over $1.31 million in cryptocurrency. According to the company's website, Bitcoin Depot has approximately 16,700 locations in the United States, Canada, and Australia.

In August 2022, Bitcoin Depot went public with a valuation of $885 million. The company's Class A common stock (ticker symbol: BTM) is traded on NASDAQ, and as of 4:22 PM EST on November 15, its valuation was $1.99. Currently, its market capitalization is approximately $118.2 million.

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