Bitcoin Depot Continues Mission of Bringing Bitcoin to the Masses as Bitcoin Surges Past All-Time High of $100,000

By: Bitcoin Depot Inc. via GlobeNewswire

December 05, 2024 at 16:05 PM EST

ATLANTA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot Inc. (“Bitcoin Depot” or the “Company”) (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today celebrates a landmark moment in the cryptocurrency as Bitcoin surpasses its all-time price peak of $100,000. This industry milestone reflects growing global confidence in Bitcoin as a financial asset and highlights the increasing demand for accessible crypto solutions.

"Bitcoin reaching $100,000 is an example of its resilience, staying power, and growing role in the financial ecosystem," said Brandon Mintz, CEO and founder of Bitcoin Depot. "This moment shows the growing trust millions place in Bitcoin and further establishes Bitcoin Depot’s commitment of 'Bringing Bitcoin to the Masses^®' by providing secure, user-friendly access points that bridge traditional finance and the digital economy."

2024 has been a defining period for the crypto industry, marked by significant advancements such as the U.S. Securities and Exchange Commission's approval of the first Bitcoin spot ETFs and continued growing institutional adoption. These achievements, coupled with increased regulatory clarity and rising global interest in Bitcoin, further demonstrate cryptocurrency's expanding role in the financial landscape.

Bitcoin Depot, with over 8,300 Bitcoin ATM kiosks deployed across North America and Puerto Rico, has cemented itself as a key player in facilitating crypto adoption. As the largest BTM operator in North America, the Company has built significant momentum in the last year, marked by key milestones such as bringing its BDCheckout Program to six new states, expanding into Puerto Rico, and introducing strategic retail partnerships with multiple major convenience and grocery store retailers.

“Bitcoin’s momentum is driving new users to enter the market, and many are choosing BTMs for secure and convenient access to cryptocurrency,” said Scott Buchanan, COO of Bitcoin Depot. “At Bitcoin Depot, we’ve always believed in providing everyone with easy access to Bitcoin, and as we grow, our focus remains on delivering a simple and reliable way to buy Bitcoin quickly and securely. This is just the beginning for the cryptocurrency industry and Bitcoin Depot as a leading provider.”

Bitcoin Depot BTMs are designed to provide a seamless user experience, allowing customers to quickly convert cash into Bitcoin and access the broader digital financial system for payments, transfers, remittances, and investments.

About Bitcoin Depot
Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with approximately 8,486 kiosk locations as of December 05, 2024. Learn more at www.bitcoindepot.com.

Cautionary Note Regarding Forward-Looking Statements
This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, the anticipated effects of the Amendment, and the closing of the Preferred Sale. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

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Contacts:

Investors 
Cody Slach
Gateway Group, Inc. 
949-574-3860 
BTM@gateway-grp.com

Media
Brenlyn Motlagh, Ryan Deloney
Gateway Group, Inc.
949-574-3860
BTM@gateway-grp.com