Bitcoin Depot announced on October 2, 2025, the acquisition of assets from Westcliff Technologies, operating as National Bitcoin ATM. This acquisition adds over 500 kiosks to Bitcoin Depot’s network, which operates across 27 states. This move further solidifies Bitcoin Depot's leadership as North America’s largest Bitcoin ATM operator.
CEO Brandon Mintz stated that this transaction significantly expands the company's reach and increases its leadership in cash-to-crypto access. He highlighted the ability to integrate a sizable network quickly and operate it more efficiently with Bitcoin Depot's scale, compliance program, and customer support as a key advantage.
The acquisition brings Bitcoin Depot’s U.S. market share to approximately 30%. Existing National Bitcoin ATM customers will experience no disruption in service, with kiosks remaining operational as they are integrated into Bitcoin Depot’s network. The acquisition had no material impact on the company’s recently reported third quarter preliminary results.
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