Bitcoin Depot Announces Multi-Million Dollar Investment from Fund for 250 BTMs Through Profit Share Program
Bitcoin Depot Inc. - Class A (BTM)
Company Research
Source: GlobeNewswire
ATLANTA, April 12, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced an outside investment firm has committed a multi-million-dollar investment into 250 Bitcoin Depot BTM kiosks as part of the Company’s profit share program. The BTMs, operated by Bitcoin Depot, will provide passive income to the investment fund by paying out a percentage of monthly profits from these 250 kiosks. In addition to the 250 BTMs included in the initial agreement, the Fund has the option to invest in an additional 750 kiosks. Bitcoin Depot's profit-sharing program, launched in 2023, offers qualified partners a unique opportunity to participate in its North American expansion strategy. The program provides a comprehensive investment package, including kiosk use, operating software, shipping, installation, and ongoing support. It also offers a passive income stream with monthly profit splits, providing a direct financ
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BTM
News
- Bitcoin Depot Inc. (NASDAQ: BTM) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $4.00 price target on the stock.MarketBeat
- Gateway Group Awarded Highest Honor by Hermes Creative Awards in Strategic Public Relations Category for Client, Bitcoin Depot [Yahoo! Finance]Yahoo! Finance
- Bitcoin Depot Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Bitcoin Depot Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Bitcoin Depot Schedules First Quarter 2024 Conference Call for Tuesday, May 14th at 10:00 am ETGlobeNewswire
BTM
Earnings
- 11/13/23 - Miss
BTM
Analyst Actions
- 5/14/24 - HC Wainwright
BTM
Sec Filings
- 5/15/24 - Form 10-Q
- 5/14/24 - Form 8-K
- BTM's page on the SEC website