ChainCatcher news, according to News.bitcoin, data from Coinatmradar.com shows that as of January 11, there are 38,866 cryptocurrency ATMs in operation worldwide. Bitcoin Depot is the operator with the most machines, managing 8,486 ATMs.Coinflip follows closely with 5,289 machines, while Athena Bitcoin is responsible for 3,797 devices. The United States is the leader in this field, accounting for 81.3% of the world's cryptocurrency ATMs. Regionally, Europe accounts for 4.3%, Oceania for 4%, and Australia has installed 3.5%.

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.

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, according to Cointelegraph, cryptocurrency ATM company Bitcoin Depot achieved a revenue of $197.5 million in the second quarter of 2023, an increase of 18% year-over-year. Bitcoin Depot plans to increase the number of Bitcoin ATMs after its listing on Nasdaq to expand its market share.The company also reported a net loss of $6.1 million, a decrease of 249% year-over-year. The profit for the second quarter was $25.9 million, while the gross margin for the second quarter of 2023 was 13%, up from 8% in the same period last year.

ChainCatcher news, according to CoinDesk, cryptocurrency ATM operator Bitcoin Depot has gone public on Nasdaq through a merger with SPAC company GSR II Meteora, trading under the ticker "BTM". The BTM stock price rose to $6.60 in pre-market trading, before falling back to $3.39.According to data from Coin ATM Radar, Bitcoin Depot operates over 6,000 of these machines, accounting for 20% of the U.S. ATM market share and 17.6% of the global market share. (source link)

ChainCatcher News, one of the largest crypto ATM companies in the U.S., Bitcoin Depot, has announced the completion of its merger transaction, allowing the company to go public. Investors will have access to Bitcoin Depot's common stock on Nasdaq starting July 3, with the ticker symbols for its common stock and public warrants being BTM and BTMWW, respectively.Previously, it was reported that the crypto ATM company Bitcoin Depot planned to go public via SPAC at a valuation of $885 million. (Source link)