ChainCatcher news, Bitcoin Depot, which has over 7,400 Bitcoin ATMs in the United States, announced that it will seek to allocate part of its cash reserves to Bitcoin. The company explained that this strategy aligns it with other forward-thinking institutions that use Bitcoin as a hedge against inflation and aim to benefit from its assets in the future.Bitcoin Depot stated that its Bitcoin purchases will be "opportunistic in nature" and will not include funds necessary for its operations. CEO Brandon Mintz mentioned that this initiative demonstrates the company's "long-standing belief that Bitcoin is an important financial asset and store of value."The company did not disclose how much of its cash reserves it intends to convert into Bitcoin, nor did it reveal whether it has set any proportional targets for this task.

ChainCatcher news, recently affected by the bear market, the global number of Bitcoin ATMs has hit a record low. However, at the same time, the number of crypto ATMs in Australia is still rising rapidly, with Australia currently having 234 crypto ATMs, ranking third in the world, behind the United States and Canada.It is reported that the United States has 33,387 crypto ATMs, and Canada has 2,556, together accounting for 94.4% of the world's total crypto ATMs. (source link)