Bitcoin Depot announced on June 11, 2025, the acquisition of assets from Pelicoin, LLC, a crypto ATM operator based in New Orleans, Louisiana. This strategic deal expands Bitcoin Depot’s presence across Louisiana, Mississippi, Tennessee, Alabama, and Texas, strengthening its footprint in the Gulf South region.
CEO Brandon Mintz stated that Pelicoin’s locations provide a stronger presence in a region with significant opportunity, allowing Bitcoin Depot to apply its scale and experience for more efficient operations. This acquisition is part of a broader effort to consolidate the fragmented market and extend leadership in cash-to-crypto access.
The Pelicoin ATM network will be fully integrated into Bitcoin Depot’s platform in the coming weeks, transitioning to Bitcoin Depot branding. Existing Pelicoin customers will experience no service disruptions and will benefit from Bitcoin Depot’s 24/7 customer support and robust compliance program. The financial terms of the transaction were not disclosed.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.