Bitcoin Depot

Profile narrative

Bitcoin Depot, also known by the alias BTM, operates a network of automated teller machines that facilitate the purchase and sale of Bitcoin and other digital currencies. The machines allow customers to insert cash to receive cryptocurrency or to sell cryptocurrency for cash, providing a bridge between traditional fiat money and blockchain assets. Services are primarily targeted at retail users who prefer a physical, in‑person method for converting between cash and digital assets. The company’s offerings are available to consumers across the United States, where its machines are installed in various retail locations.

Bitcoin Depot’s core specialization lies in the cryptocurrency ATM sector, distinguishing it from online exchanges and wallet providers. By focusing on hardware‑based touchpoints, the company aims to offer accessibility to individuals who may lack bank accounts or prefer cash transactions. As a money services business, it is required to register with the Financial Crimes Enforcement Network (FinCEN) and comply with anti‑money laundering (AML) and know‑your‑customer (KYC) regulations. This regulatory positioning underscores its commitment to operating within the legal framework governing virtual currency activities in the United States.

On March 23, 2026, Bitcoin Depot disclosed that attackers gained unauthorized access to its corporate IT systems and stole credentials for its digital asset settlement accounts. The intrusion resulted in the loss of approximately 50.9 bitcoin, which was valued at about $3.6 million at the time of the theft. The company stated that the breach was confined to its internal environment and did not affect customer‑facing platforms or services. Prior to this event, a separate data breach had exposed personal information—including names, contact details, dates of birth, addresses, and driver’s license numbers—of more than 26,000 individuals, with disclosure delayed owing to a law‑enforcement investigation. Bitcoin Depot recorded a preliminary loss estimate of roughly $3.665 million for the incident and indicated that its investigation into the full scope continues, anticipating reputational, legal, incident‑response, and regulatory costs.

The firm’s headquarters is located in the United States of America, though the specific city or state is not detailed in the provided sources. Operating under the alias BTM, the company’s branding reflects its focus on Bitcoin teller machines as its primary product line. Despite the security incidents, Bitcoin Depot continues to maintain its ATM network and service offerings for retail cryptocurrency users.

No explicit information about the company’s ownership structure, parent‑subsidiary relationships, or exact scale of deployment is available in the supplied material. Consequently, details such as the total number of machines, geographic spread beyond the United States, or annual transaction volumes remain unspecified. The profile therefore relies solely on the confirmed facts regarding its services, regulatory role, headquarters location, and the disclosed security events.

Incidents

1 incident linked to this organisation.