Bitcoin Depot

Bitcoin Depot, also known by the alias BTM, is a United States‑based company that operates a network of Bitcoin automated teller machines (BTMs) allowing consumers to purchase and sell Bitcoin and other cryptocurrencies using cash. Headquartered in the United States of America, the firm provides a physical point‑of‑sale interface for digital asset transactions, catering to retail customers who prefer cash‑based access to cryptocurrency markets. Its core service involves installing, maintaining, and managing these kiosks in various locations such as convenience stores, shopping centers, and other high‑traffic venues across the country. By offering a straightforward cash‑to‑crypto conversion process, Bitcoin Depot positions itself as a bridge between traditional fiat currency systems and the emerging digital asset ecosystem. The company’s business model emphasizes accessibility and ease of use for individuals who may not have access to traditional banking or online exchange platforms.

In March 2026, Bitcoin Depot disclosed an intrusion into its internal IT systems that enabled attackers to obtain credentials for digital asset settlement accounts and steal approximately 50.9 bitcoin, valued at about $3.6 million at the time. The breach was confined to the corporate environment and did not affect customer‑facing platforms or the operational integrity of its Bitcoin ATM network. Following the incident, the company anticipated incurring reputational, legal, incident‑response, and regulatory costs, recording a preliminary loss estimate of roughly $3.7 million while the investigation continued. This event highlighted the importance of robust cybersecurity controls for firms handling digital asset settlement processes, even when customer‑facing services remain unaffected. Bitcoin Depot’s specialization in Bitcoin ATM operations distinguishes it within the cryptocurrency infrastructure sector, focusing on the hardware and compliance aspects of cash‑based crypto transactions. The firm’s role as a money services business subjects it to federal anti‑money‑laundering regulations, which it must adhere to while expanding its kiosk footprint. No further details about ownership, parent, or subsidiary relationships are provided in the available sources.