Bitcoin Depot announced on February 3, 2025, that it purchased an additional $5 million in Bitcoin as part of its treasury strategy. This acquisition, consisting of 51 BTC, substantially increased the company's position in the cryptocurrency. The treasury strategy was initially announced in June of the previous year.
Brandon Mintz, CEO of Bitcoin Depot, stated that adopting Bitcoin as part of the treasury strategy underscores the company's belief in Bitcoin as a significant financial asset and store of value. He added that this move reaffirms confidence in Bitcoin’s potential for growth.
The CEO also noted that recent accounting standards updates allow shareholders to benefit from future Bitcoin appreciation. As of December 31, 2024, Bitcoin Depot operated approximately 8,400 kiosk locations.
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