The American manufacturer of cryptocurrency ATMs #Bitcoin❗ $BTC
Depot has published financial results for the third quarter of 2024. According to the report, the company's revenue amounted to $135.3 million, which is 25% less compared to the same period in 2023, when this figure exceeded $179.5 million.
The company also holds cryptocurrency reserves worth more than $1.31 million.
During the third quarter, we made significant progress in expanding our network of Bitcoin ATMs, while simultaneously working to optimize existing devices to increase their profitability. We ended the quarter with 8,300 ATMs, exceeding our goals and reflecting our vision of increasing the availability of bitcoin," said Brandon Mintz, CEO and founder of Bitcoin Depot.
According to data from the company's official website, Bitcoin Depot serves about 16,700 cryptocurrency ATMs worldwide. Most of the devices are located in the USA, Canada and Australia.
In August 2022, Bitcoin Depot went public with an estimated value of $885 million. Shares of the manufacturer of cryptocurrency ATMs are traded on the #Nasdaq American stock Exchange under the ticker BTM and are valued at $1.99. Currently, the market capitalization of Bitcoin Depot is approximately $118.2 million.
