• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Depot Expands Assets with $5M Bitcoin Purchase

user avatar

by A1

3 hours ago


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.

This latest purchase reflects our long-standing belief in Bitcoin as a vital financial asset and store of value.Brandon Mintz

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.

0

Share

Other news

Cryptocurrency Project Rexas Finance: A New Threat to Solana and Pepe

Rexas Finance gains traction on the crypto market, challenging Solana and Pepe with its innovations and potential.

user avatarA1

3 minutes ago

Hong Kong Pushes for Faster Bitcoin and Stablecoin Adoption

Hong Kong legislator Johnny Ng pushes for rapid adoption of Bitcoin and stablecoins to bolster the economy.

user avatarA1

3 minutes ago

US Senate Explores Bank Denials to Crypto Businesses

The US Senate Committee investigates allegations of banks unlawfully refusing services to crypto-related businesses.

user avatarA1

6 minutes ago

Jorge Tenreiro Reassigned to SEC's IT Department

Leading SEC lawyer reassigned to IT amid changes in crypto policy.

user avatarA1

7 minutes ago

SHIBA INU Burn Rate Surges Despite Price Drop: Insights and Trends

SHIBA INU burn rate surged by 567%, yet token price drops. What influences the market trends?

user avatarA1

8 minutes ago

Berachain Unveils BERA Token Airdrop Details

Official announcement on BERA token airdrop: claims start on February 6, 2025, for Berachain users.

user avatarA1

9 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.