Bitcoin Depot, a major cryptocurrency ATM operator in the U.S., has expanded its Bitcoin holdings, emphasizing its commitment to this digital asset.
Bitcoin Depot's New Purchase
Bitcoin Depot has acquired $5 million worth of Bitcoin, bringing its total holdings to 71.5 BTC, valued at over $7 million at current market prices.
Company's Bitcoin Treasury Strategy
Founded in 2016, Bitcoin Depot launched its Bitcoin treasury strategy in June 2024. Since then, Bitcoin's price has surged by over 63%, demonstrating the strategy's potential.
Comparison with Other Companies
Bitcoin Depot joins a growing number of U.S.-based public companies adopting a Bitcoin treasury strategy, following MicroStrategy's lead in integrating Bitcoin into their corporate reserves. Recently, MicroStrategy increased its holdings to 446,400 BTC.
Bitcoin Depot continues to expand its Bitcoin holdings, reaffirming its commitment to the leading digital asset and aiming for future benefits for its shareholders.