Bitcoin Depot acquires assets of National Bitcoin ATM, terms not disclosed

Bitcoin Depot (BTM) announced the acquisition of the assets of Westcliff Technologies, d/b/a National Bitcoin ATM. The acquisition adds over 500 kiosks to Bitcoin Depot’s network, further solidifying its leadership as North America’s largest Bitcoin ATM operator and accelerates the Company’s mission to provide accessible, secure, and convenient Bitcoin access to communities nationwide. Bitcoin Depot BTMs allow customers to seamlessly convert cash into Bitcoin which customers can use to access the broader digital financial system for payments, transfers, remittances, and investments. The additional kiosks complement Bitcoin Depot’s ongoing efforts to strengthen and expand its national footprint to bring more people into the crypto ecosystem. This acquisition brings Bitcoin Depot’s U.S. market share to roughly 30%. For existing National Bitcoin ATM customers, there will be no disruption in service. The kiosks will remain operational as Bitcoin Depot works to integrate them into its broader network, with the same reliable functionality and the added benefits of Bitcoin Depot’s industry-leading customer support, robust compliance program, and continuous investment in technology and services. This acquisition had no material impact on the Company’s recently reported third quarter preliminary results.