The ATM operator in the United States Crypto ATM adds $ 5 million in BTC to the Treasury


The United States -based Bitcoin Depot, based in the United States, has expanded Bitcoin, which enhances its commitment to leading digital assets.

According to February 3 advertisementThe company, circulating publicly, obtained an additional $ 5 million bitcoin, thus amounting to the total treasury holdings of 71.5 BTC, which amounted to more than $ 7 million on the basis of prices at the time of writing this report.

Commenting on the latest acquisition, the CEO of Bitcoin Depot Brandon Mentz said it reflects "the long belief in Bitcoin as an important financial asset and a valuable store." He added that this step also allows the shareholders to take advantage of any prices in the future.

Founded in 2016, Bitcoin Depot is the largest ATM Cryptocurrency, with 8213 stalls installed throughout the United States, Canada and Puerto Rico, for each. Data From Coinatmradar.

Company Direct On the Nasdaq Stock Exchange on July 2023 under the leadership of BTM to become the first American company in the public Crypto ATM manufacturer.

Almost a year later, in June 2024, the company presented the Bitcoin Treasury strategy, to allocate part of its cash reserves to Bitcoin. Since then, Bitcoin has increased by more than 63 % so far.

However, the latest bitcoin purchase has not yet been translated into an ascending momentum for Bitco Depot shareholders, with BTM decreased by 2.5 % a day at the time of writing this report.

Bitcoin Depot joins an increasing number of companies circulating in the United States that depends on Bitcoin Treasury strategy, then Microstrategy It leads in bitcoin as a backup asset to companies.

The American Business Intelligence Company was the first public trading company to advance in this approach in 2020, and it has accumulated more than 471,000 BTC, with a value of more than $ 46 billion.

Other companies circulating in the country that added or expanded BTC's recently includes the thermal Energy Management Company Kulr Technology CollectionMedical devices maker Scientific CelmerAntibiotic developer AcurxBetween bitcoin miners Riot control platformsAmong other things.

The idea also gained prominent outside the United States, with companies such as Singapore, based in Singapore Genius Japan metaplanet Bitcoin embraces as a strategic origin.



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