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Bitcoin Depot Inc. (BTMWW)
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Upturn Advisory Summary
11/04/2025: BTMWW (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 145% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/04/2025 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 0.03 - 0.73 | Updated Date 02/26/2025 |
52 Weeks Range 0.03 - 0.73 | Updated Date 02/26/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating - |
Shares Outstanding - | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
Bitcoin Depot Inc.
Company Overview
History and Background
Bitcoin Depot Inc. was founded in 2016 in Atlanta, Georgia. It quickly grew to become one of the largest Bitcoin ATM networks in North America, facilitating cryptocurrency transactions through its self-service kiosks. They went public through a SPAC merger in 2023.
Core Business Areas
- Bitcoin ATMs: Bitcoin Depot's primary business is the operation of Bitcoin ATMs, allowing users to buy and sell Bitcoin using cash.
- BDCheckout: BDCheckout enables customers to fund their Bitcoin Depot digital wallet at participating retail locations and then use those funds to buy Bitcoin.
- Mobile App: Bitcoin Depot offers a mobile application to manage digital wallets and track transactions.
Leadership and Structure
Brandon Mintz is the CEO. The company has a board of directors and an executive team overseeing various departments like operations, finance, and technology.
Top Products and Market Share
Key Offerings
- Bitcoin ATMs: Bitcoin Depot's ATMs allow users to purchase and sell Bitcoin using cash. While precise market share is dynamic, Bitcoin Depot is a major player in the North American market. Competitors include Coinstar, Coin Cloud, and other independent ATM operators. High Revenue earner.
- BDCheckout: Enables users to fund their Bitcoin Depot wallets at retail locations and then purchase Bitcoin. Revenue for this is smaller than Bitcoin ATMs. Competitors include other payment gateways that facilitate crypto purchases.
- Mobile App: Allows users to manage their Bitcoin Depot wallet and track transactions. Drives customer retention and usage of the ATM and BDCheckout services. Competitors are other Crypto wallet providers.
Market Dynamics
Industry Overview
The Bitcoin ATM industry is growing, driven by increasing interest in cryptocurrencies and a desire for convenient and accessible ways to buy and sell Bitcoin. The market is competitive with varying regulatory landscapes.
Positioning
Bitcoin Depot is positioned as a leading Bitcoin ATM network operator. Its competitive advantages include a large network size, brand recognition, and partnerships with retailers. Their BDCheckout initiative provides added convenience.
Total Addressable Market (TAM)
The global cryptocurrency ATM market is expected to reach several billion USD. Bitcoin Depot is positioned to capture a significant share of this TAM through expansion of its ATM network and innovative services like BDCheckout.
Upturn SWOT Analysis
Strengths
- Large ATM network
- Brand recognition
- BDCheckout initiative
- Established infrastructure
Weaknesses
- Dependence on Bitcoin price
- Regulatory uncertainty
- High transaction fees (relative to exchanges)
- Potential security risks (ATM hacking)
Opportunities
- Expansion into new markets
- Partnerships with retailers and financial institutions
- Development of new services (e.g., other cryptocurrencies)
- Increased regulatory clarity
Threats
- Increased competition
- Negative press regarding cryptocurrencies
- Changes in cryptocurrency regulations
- Economic downturn
Competitors and Market Share
Key Competitors
- COIN
- DIEBOLD NIXDORF (DBD)
Competitive Landscape
Bitcoin Depot's advantages include its extensive network. Disadvantages include the relative cost of transactions at ATMs compared to exchanges. Coinstar has widespread name recognition while companies like Coin Cloud are also expanding aggressively.
Growth Trajectory and Initiatives
Historical Growth: Bitcoin Depot Inc. has demonstrated rapid growth in its ATM network over the past few years.
Future Projections: Future growth is projected to continue, driven by increasing cryptocurrency adoption and expansion into new markets. Analyst estimates depend on factors like Bitcoin price and regulatory environment.
Recent Initiatives: Recent initiatives include expanding the BDCheckout service, optimizing ATM placement, and exploring partnerships with retailers and other businesses.
Summary
Bitcoin Depot is a leading Bitcoin ATM operator that has rapidly expanded its network. It's well-positioned to benefit from continued cryptocurrency adoption, but faces challenges related to regulation, competition, and Bitcoin price volatility. The company is innovating with initiatives like BDCheckout and must manage its costs effectively to maintain profitability and should monitor regulatory changes.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Financial News Articles
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are inherently risky, and past performance is not indicative of future results. This analysis is based on publicly available information, but may not be entirely accurate or complete. Market share data is estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bitcoin Depot Inc.
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2023-07-03 | CEO - | ||
Sector Financial Services | Industry Capital Markets | Full time employees 107 | Website |
Full time employees 107 | Website | ||
Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade. The company was founded in 2016 and is headquartered in Atlanta, Georgia. Bitcoin Depot Inc. is a subsidiary of BT Assets, Inc.
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