Crypto ATM Operator Bitcoin Depot Reports Increase in Revenue

May 20 | 09:33

2 min

One of the largest cryptocurrency ATM operators in North America, Bitcoin Depot, which operates a network of more than 8,400 kiosks, reported significant financial success in the first quarter of 2025.

Key indicators:

Revenue increased by 19% compared to the same period last year, reaching $164.2 million;
The company's profit was $12.2 million, which contrasts with a loss of $4.2 million in the first quarter of 2024;
The company's shares jumped 20% to $2.04 on the back of the positive reports.

The company's success is attributed to increased demand for physical cryptocurrency access points, the growing popularity of Bitcoin as a means of storing capital, the expansion of its crypto ATM network, and investments in its own Bitcoin reserves, which are now valued at $7.8 million.

“The positive first quarter results were driven by the company’s strategic moves, including plans to add 3,000 new ATMs in New York State and increase its Bitcoin holdings to $7.8 million,” Bitcoin Depot said.

Since 2024, Bitcoin Depot has been actively investing in its own BTC holding, using it as a strategic asset. This approach has allowed not only to increase profitability, but also to strengthen the company's balance sheet in the context of the growth in the value of the first cryptocurrency.