Bitcoin Depot
An INC 5000 company and is the largest cryptocurrency ATM network offering users the ability to buy and sell Bitcoin.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | Post IPO Equity | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 124 % | 18 % | 7 % | (17 %) | 9 % | 7 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 7 % | 5 % | 5 % | 4 % | 6 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 6 % | 1 % | 1 % | (4 %) | (2 %) | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Related Content
Bitcoin Depot, established in 2016, aims to bridge the gap between cash users and the digital financial ecosystem. The company specializes in converting cash into Bitcoin, a popular cryptocurrency, making it accessible for payments, spending, and investment purposes. Bitcoin Depot operates primarily in North America and boasts the largest market share in this region, with over 7,000 Bitcoin kiosks and ATMs spread across the United States and Canada.
The company serves a diverse clientele, including individuals who prefer using cash but want to participate in the digital currency market. This includes people who may not have easy access to traditional banking services or those who prefer the anonymity and simplicity of cash transactions. Bitcoin Depot's services are also appealing to tech-savvy investors looking to diversify their portfolios with cryptocurrency.
Bitcoin Depot operates through several channels. Its Bitcoin ATMs allow users to convert cash into Bitcoin quickly and securely. Additionally, the BDCheckout service enables customers to fund their Bitcoin wallets at the checkout counters of over 6,000 participating retail locations. For those who prefer online transactions, Bitcoin Depot offers the option to buy Bitcoin using a debit or credit card through a partnership with Simplex, a payment processing company.
The business model of Bitcoin Depot revolves around transaction fees. When users convert cash to Bitcoin at an ATM or through BDCheckout, they are charged a fee. Similarly, online purchases of Bitcoin via debit or credit card also incur a fee. These transaction fees are the primary source of revenue for the company.
In summary, Bitcoin Depot provides a straightforward and accessible way for cash users to enter the digital currency market. By offering multiple channels for converting cash to Bitcoin, the company caters to a wide range of customers and maintains a strong presence in North America.
Keywords: Bitcoin, cryptocurrency, cash conversion, Bitcoin ATMs, BDCheckout, digital financial system, North America, transaction fees, retail locations, Simplex.
Tech stack
Investments by Bitcoin Depot
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