Bitcoin Depot Inc.

Bitcoin Depot operates the largest network of Bitcoin ATMs (BTMs or kiosks) in North America, enabling customers to buy and sell Bitcoin. The company facilitates access to the digital financial system for individuals who primarily use cash. As of December 31, 2025, Bitcoin Depot’s offerings included approximately 9,700 BTMs located in retailer locations across the U.S., Canada, Australia, and Hong Kong. Additionally, its BDCheckout product is accepted at approximately 16,300 retail locations, and the company provides a full-service mobile app. The mobile app also features a buy online option that connects consumers to Simplex powered by Nuvei, a third-party service for buying Bitcoin without using a kiosk or BDCheckout. Bitcoin Depot holds a leading position among cash-to-Bitcoin BTM operators in the U.S., with an approximate 23% market share, and maintains a strong presence in Canada. Its BTMs offer one-way exchange of cash-to-Bitcoin. The company also operates BitAccess, a BTM device and transaction processing system that provides software and operational capabilities to third-party BTM operators, generating software revenue.