Bitcoin Depot Inc. (BTM)
For informational purposes only. Not financial advice.
Bitcoin Depot Inc. (BTM) is a publicly traded company trading at $1.38 with a market cap of 37106272. It holds a cautious AI score of 33/100 based on fundamental, technical, and sentiment analysis.
Bitcoin Depot Inc. operates a network of cryptocurrency kiosks across North America, facilitating the buying and selling of Bitcoin, Litecoin, and Ethereum. The company also provides cryptocurrency sales through retail partnerships and online platforms.
Company Overview
Bitcoin Depot Inc. is a leading cryptocurrency kiosk network in North America, offering convenient access to Bitcoin, Litecoin, and Ethereum. With a growing retail presence and online platform, BTM provides a seamless on-ramp to the digital economy, capitalizing on the increasing adoption of cryptocurrencies.
Investment Thesis
Bitcoin Depot Inc. presents a compelling investment opportunity due to its strategic position in the expanding cryptocurrency market. With a market capitalization of $0.02 billion and a P/E ratio of 6.11, BTM offers an attractive valuation relative to its growth potential. The company's network of cryptocurrency kiosks provides a tangible and accessible entry point for individuals seeking to participate in the digital economy. Key value drivers include the increasing adoption of cryptocurrencies, the expansion of the kiosk network, and the growth of BDCheckout and OTC trading platforms. Upcoming catalysts include strategic partnerships with retailers and the introduction of new cryptocurrency offerings. BTM's focus on user experience and regulatory compliance positions it for sustained growth and market leadership.
Key Highlights
- Operates a network of cryptocurrency kiosks across North America, providing convenient access to Bitcoin, Litecoin, and Ethereum.
- Offers BDCheckout, enabling cryptocurrency sales at retail locations, expanding its customer reach.
- Facilitates over-the-counter (OTC) cryptocurrency trades through its website, catering to larger transactions.
- Profit Margin of 1.4% demonstrates the company's ability to generate profits from its operations.
- Beta of 0.87 indicates lower volatility compared to the overall market.
Competitors
Strengths
- Extensive network of cryptocurrency kiosks.
- BDCheckout partnerships with retailers.
- Established brand reputation.
- Focus on regulatory compliance.
Weaknesses
- Reliance on cryptocurrency price volatility.
- Limited cryptocurrency offerings (Bitcoin, Litecoin, Ethereum).
- Geographic concentration in North America.
- Relatively small market capitalization.
Catalysts
- Upcoming: Strategic partnerships with major retailers to expand BDCheckout presence.
- Ongoing: Expansion of the cryptocurrency kiosk network in high-traffic locations.
- Ongoing: Introduction of new cryptocurrencies to the platform to attract a wider range of investors.
- Ongoing: Enhancement of the online platform with advanced trading tools and educational resources.
Risks
- Ongoing: Cryptocurrency price volatility can impact transaction volume and profitability.
- Potential: Regulatory changes in the cryptocurrency market could negatively affect operations.
- Potential: Security breaches and fraud could damage the company's reputation and financial performance.
- Potential: Increasing competition from cryptocurrency exchanges could erode market share.
- Ongoing: Dependence on third-party service providers for kiosk maintenance and security.
Growth Opportunities
- Expansion of Kiosk Network: Bitcoin Depot has the opportunity to significantly expand its kiosk network across North America. The market for cryptocurrency kiosks is growing, driven by increasing demand for convenient and accessible ways to buy and sell digital currencies. By strategically placing kiosks in high-traffic locations, BTM can capture a larger share of the market and increase its transaction volume. The timeline for this expansion is ongoing, with the company continuously evaluating new locations and partnerships.
- Strategic Retail Partnerships: The BDCheckout product offering provides a platform for strategic partnerships with retailers. By integrating cryptocurrency sales into existing retail operations, Bitcoin Depot can reach a broader customer base and increase its brand awareness. The market for retail cryptocurrency sales is substantial, with consumers increasingly seeking convenient ways to purchase digital currencies. The timeline for expanding retail partnerships is ongoing, with the company actively pursuing new collaborations.
- Introduction of New Cryptocurrencies: Bitcoin Depot can attract new customers and increase transaction volume by introducing new cryptocurrencies to its platform. The market for altcoins is growing, with many investors seeking exposure to a wider range of digital assets. By carefully selecting and listing promising new cryptocurrencies, BTM can cater to the evolving needs of its customer base. The timeline for introducing new cryptocurrencies is ongoing, with the company continuously evaluating potential additions.
- Enhanced Online Platform: Bitcoin Depot can enhance its online platform to provide a more comprehensive suite of services for cryptocurrency traders. This includes features such as advanced charting tools, order types, and educational resources. The market for online cryptocurrency trading is highly competitive, but BTM can differentiate itself by offering a user-friendly platform with a focus on customer support. The timeline for enhancing the online platform is ongoing, with the company continuously investing in technology and infrastructure.
- International Expansion: Bitcoin Depot has the potential to expand its operations internationally, targeting markets with high cryptocurrency adoption rates. This would require careful planning and execution, but it could significantly increase the company's revenue and market share. The global market for cryptocurrency services is vast, with opportunities in Asia, Europe, and Latin America. The timeline for international expansion is potential, with the company currently evaluating potential target markets.
Opportunities
- Expansion of kiosk network.
- Introduction of new cryptocurrencies.
- Strategic partnerships with retailers.
- International expansion.
Threats
- Increasing competition from cryptocurrency exchanges.
- Regulatory uncertainty in the cryptocurrency market.
- Potential for security breaches and fraud.
- Fluctuations in cryptocurrency prices.
Competitive Advantages
- Extensive network of cryptocurrency kiosks provides a competitive advantage in terms of accessibility and convenience.
- BDCheckout partnerships with retailers expand the company's reach and brand awareness.
- Established brand reputation and customer loyalty in the cryptocurrency market.
- Focus on regulatory compliance and security enhances customer trust and confidence.
About
Founded in 2016 and headquartered in Atlanta, Georgia, Bitcoin Depot Inc. has established itself as a key player in the cryptocurrency market by providing accessible and user-friendly services for buying and selling digital currencies. The company operates a network of cryptocurrency kiosks strategically located across North America, allowing individuals to easily convert cash into Bitcoin, Litecoin, and Ethereum, and vice versa. Bitcoin Depot's kiosks offer a convenient alternative to traditional cryptocurrency exchanges, catering to users who prefer in-person transactions and immediate access to their funds. In addition to its kiosk network, Bitcoin Depot has expanded its reach through BDCheckout, a product offering that enables cryptocurrency sales at retail locations. This initiative broadens the company's customer base and enhances its presence in the retail sector. Furthermore, Bitcoin Depot facilitates over-the-counter (OTC) cryptocurrency trades through its website, catering to larger transactions and institutional clients. As a subsidiary of BT Assets, Inc., Bitcoin Depot benefits from a strong financial backing and a commitment to innovation in the cryptocurrency space. The company's focus on accessibility, convenience, and security has contributed to its growth and market position.
What They Do
- Operates a network of cryptocurrency kiosks in North America.
- Allows users to buy and sell Bitcoin, Litecoin, and Ethereum.
- Provides a convenient alternative to traditional cryptocurrency exchanges.
- Offers BDCheckout, enabling cryptocurrency sales at retail locations.
- Facilitates over-the-counter (OTC) cryptocurrency trades through its website.
- Provides a user-friendly platform for buying and selling digital currencies.
- Focuses on accessibility, convenience, and security for its customers.
Business Model
- Generates revenue from transaction fees charged on cryptocurrency purchases and sales at its kiosks.
- Earns revenue from BDCheckout through partnerships with retailers.
- Derives revenue from over-the-counter (OTC) cryptocurrency trades facilitated through its website.
- Profitability is influenced by cryptocurrency price volatility and transaction volume.
Industry Context
Bitcoin Depot operates within the financial services sector, specifically in the rapidly evolving cryptocurrency market. The industry is characterized by increasing adoption of digital currencies, growing regulatory scrutiny, and intense competition among exchanges and service providers. Bitcoin Depot differentiates itself through its physical kiosk network, providing a convenient and accessible on-ramp to the cryptocurrency ecosystem. The market is projected to continue its growth trajectory, driven by factors such as increasing institutional investment, technological advancements, and growing awareness of the benefits of cryptocurrencies. Competitors include companies like AFJK, CPBI, DOMH, HGBL, and IOR, all vying for market share in the digital asset space.
Key Customers
- Individuals seeking to buy and sell Bitcoin, Litecoin, and Ethereum.
- Retail customers purchasing cryptocurrencies through BDCheckout.
- Institutional clients engaging in over-the-counter (OTC) cryptocurrency trades.
- Users who prefer in-person transactions and immediate access to their funds.
Financials
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $162M | $6M | $0.08 |
| Q2 2025 | $172M | $6M | $0.16 |
| Q1 2025 | $164M | $4M | $0.20 |
| Q4 2024 | $137M | -$7M | $-0.32 |
Source: Company filings
Chart & Info
Price Chart
Bitcoin Depot Inc. (BTM) stock price: $1.38 (+0.06, +4.55%)
Why Bull
- •Recent insider buying suggests confidence in the company's future, indicating that those closest to the business believe in its potential.
- •Community sentiment has turned increasingly positive as more users engage with Bitcoin Depot's services, reflecting a growing acceptance of cryptocurrency.
- •The expansion of Bitcoin ATMs has been well-received, positioning the company as a leader in the evolving digital currency landscape.
- •Market perception is shifting towards viewing Bitcoin Depot as a key player in the crypto ecosystem, especially as mainstream adoption increases.
Why Bear
- •Concerns over regulatory scrutiny in the cryptocurrency space could impact operations, leading to uncertainty among investors.
- •Recent bearish sentiment in online forums indicates some community members are skeptical about the sustainability of growth in the crypto market.
- •Increased competition from other cryptocurrency service providers may dilute Bitcoin Depot's market share, raising doubts about its future profitability.
- •Market volatility surrounding Bitcoin itself can lead to fluctuations in user engagement, which may adversely affect Bitcoin Depot's business model.
Latest News
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12 Industrials Stocks Moving In Tuesday's Pre-Market Session
benzinga · Feb 10, 2026
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Earnings Scheduled For November 13, 2025
benzinga · Nov 13, 2025
Technical Analysis
Rationale
AI-generated technical analysis for BTM including trend direction, momentum, and pattern recognition.
What to Watch
Key support and resistance levels, volume signals, and upcoming events.
Risk Management
Position sizing, stop-loss levels, and risk-reward assessment.
Community
Discussion
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Sentiment
Community sentiment and discussion activity for BTM.
Make a Prediction
Set your price target for Bitcoin Depot Inc. (BTM), choose a timeframe, and track your prediction accuracy.
Current price: $1.38
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BTM.
Price Targets
Median: $4.00 (+202.2% from current price)
Insider Flow (30d)
MoonshotScore
Score Factors
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Revenue Growth 2/100
Revenue declined -16.7% YoY, signaling shrinking demand or market headwinds.
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Gross Margin 3/100
Gross margin of 19.1% is below average, suggesting thin margins and potential pricing pressure.
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Operating Leverage 4/100
Limited operating leverage due to slower revenue growth, keeping profit scaling constrained.
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Cash Runway 5/100
Cash position data is currently unavailable for this company.
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R&D Intensity 5/100
R&D spending data is currently unavailable for this company.
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Insider Activity 3/100
Net insider selling of -$0.01M may indicate reduced confidence or routine diversification by executives.
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Short Interest 4/100
High daily turnover of 5.64% may indicate speculative trading rather than fundamental investing.
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Price Momentum 0/100
No bullish technical signals detected. The stock lacks upward price momentum currently.
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News Sentiment 5/100
No sentiment data available
What does this score mean?
The MoonshotScore rates BTM's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Competitors & Peers
Frequently Asked Questions
What does Bitcoin Depot Inc. do?
Bitcoin Depot Inc. operates a network of cryptocurrency kiosks across North America, providing a convenient and accessible way for users to buy and sell Bitcoin, Litecoin, and Ethereum. The company also offers BDCheckout, enabling cryptocurrency sales at retail locations, and facilitates over-the-counter (OTC) cryptocurrency trades through its website. Bitcoin Depot aims to bridge the gap between traditional finance and the digital economy by providing a user-friendly platform for accessing and managing cryptocurrencies. The company's focus on accessibility, convenience, and security has contributed to its growth and market position.
Is BTM stock a good buy?
BTM stock presents a speculative investment opportunity within the high-growth cryptocurrency sector. With a P/E ratio of 6.11, the company's valuation appears attractive relative to its growth potential. However, investors should consider the inherent risks associated with cryptocurrency price volatility and regulatory uncertainty. Key growth drivers include the expansion of the kiosk network, strategic retail partnerships, and the introduction of new cryptocurrency offerings. A balanced approach, considering both the potential upside and the inherent risks, is crucial when evaluating BTM stock.
What are the main risks for BTM?
Bitcoin Depot faces several key risks, including cryptocurrency price volatility, regulatory uncertainty, and increasing competition. Fluctuations in cryptocurrency prices can significantly impact transaction volume and profitability. Regulatory changes in the cryptocurrency market could negatively affect the company's operations and compliance costs. Increasing competition from cryptocurrency exchanges and other kiosk operators could erode market share. Additionally, the company is vulnerable to security breaches and fraud, which could damage its reputation and financial performance.
Is BTM a good stock to buy?
Whether BTM is a suitable investment depends on your goals, risk tolerance, and time horizon. Evaluate Bitcoin Depot Inc.'s revenue growth, profit margins, debt levels, and valuation relative to peers. This is not financial advice.
What is the BTM MoonshotScore?
The MoonshotScore rates BTM from 0 to 100 across growth potential, financial health, market momentum, and risk factors. Scores above 70 suggest strong potential, 50-70 moderate, and below 50 warrants caution. It is recalculated daily using the latest market data. This score is informational only.
How often is BTM data updated?
BTM prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What do analysts say about BTM?
Analyst coverage for BTM includes consensus ratings (buy, hold, sell), 12-month price targets, and earnings estimates from major research firms. Key data points: consensus target price, number of covering analysts, recent upgrades or downgrades, and earnings beat/miss history. See the Analyst Consensus section on this page.
What are the risks of investing in BTM?
Risk categories for BTM include market risk, company-specific risk (management, competition), financial risk (debt, cash burn), and macroeconomic risk (rates, inflation). Beta above 1.0 indicates higher volatility than the S&P 500. Review the Risk Factors section on this page for details. All investments carry risk of loss.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- The cryptocurrency market is inherently volatile and speculative.