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Upturn AI SWOT - About
Bitcoin Depot Inc. (BTM)
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Upturn Advisory Summary
04/01/2025: BTM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -36.66% | Avg. Invested days 35 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 29.19M USD | Price to earnings Ratio - | 1Y Target Price 4.69 |
Price to earnings Ratio - | 1Y Target Price 4.69 | ||
Volume (30-day avg) 324448 | Beta 0.1 | 52 Weeks Range 0.93 - 3.52 | Updated Date 04/1/2025 |
52 Weeks Range 0.93 - 3.52 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.89 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date 2025-03-18 | When - | Estimate - | Actual -0.3195 |
Profitability
Profit Margin -2.28% | Operating Margin (TTM) 4.05% |
Management Effectiveness
Return on Assets (TTM) 13.14% | Return on Equity (TTM) -10.47% |
Valuation
Trailing PE - | Forward PE 50.25 | Enterprise Value 66757559 | Price to Sales(TTM) 0.06 |
Enterprise Value 66757559 | Price to Sales(TTM) 0.06 | ||
Enterprise Value to Revenue 0.12 | Enterprise Value to EBITDA 1.95 | Shares Outstanding 18122000 | Shares Floating 7216743 |
Shares Outstanding 18122000 | Shares Floating 7216743 | ||
Percent Insiders 24.89 | Percent Institutions 31.74 |
Analyst Ratings
Rating 4.25 | Target Price 4.69 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Bitcoin Depot Inc.
Company Overview
History and Background
Bitcoin Depot Inc. was founded in 2016 and is headquartered in Alpharetta, Georgia. It's grown to become one of the largest networks of Bitcoin ATMs (BTMs) in North America, providing a convenient way for users to buy and sell cryptocurrencies.
Core Business Areas
- Bitcoin ATMs (BTMs): The core business involves operating a network of Bitcoin ATMs. Users can deposit cash to purchase Bitcoin and, in some locations, sell Bitcoin for cash.
- BDCheckout: BDCheckout enables customers to fund their Bitcoin Depot accounts with cash at participating retailers.
Leadership and Structure
Brandon Mintz is the CEO and Founder of Bitcoin Depot. The company has a typical corporate structure with departments for operations, technology, finance, and marketing.
Top Products and Market Share
Key Offerings
- Bitcoin ATMs (BTMs): Bitcoin ATMs are the primary offering. Bitcoin Depot claims to be one of the largest BTM networks in North America. Market share data is dynamic, but they compete with companies like Coin Cloud, Coinflip, and DigitalMint. Precise revenue figures are generally proprietary. Competition is stiffening as more entrants arrive and existing companies expand. User numbers are generally proprietary.
- BDCheckout: BDCheckout is a service where customers can fund their Bitcoin Depot accounts with cash at participating retailers. This enhances accessibility for those without traditional bank accounts or cards. Competitors may exist through other methods of purchasing bitcoin with cash, such as peer-to-peer exchanges or using gift cards.
Market Dynamics
Industry Overview
The cryptocurrency ATM industry is growing, driven by increasing adoption of cryptocurrencies and the need for convenient on-ramps. The industry is fragmented and subject to regulatory uncertainty. The market is becoming more competitive.
Positioning
Bitcoin Depot Inc. is positioned as a leading operator in the North American BTM market, emphasizing convenience and accessibility. Their competitive advantages include a large network size and brand recognition, but are susceptible to regulatory changes and competition.
Total Addressable Market (TAM)
The global cryptocurrency ATM market is projected to reach several billion dollars, with estimates varying based on source and methodology. Bitcoin Depot is positioned to capture a portion of this TAM through its ATM network. The TAM growth is directly related to the adoption and value of cryptocurrencies.
Upturn SWOT Analysis
Strengths
- Large network of Bitcoin ATMs
- Established brand recognition
- First-mover advantage in some markets
- BDCheckout enhances accessiblity
Weaknesses
- High transaction fees compared to exchanges
- Dependence on regulatory environment
- Geographic concentration in North America
- Security risks associated with cash handling
Opportunities
- Expansion into new geographic markets
- Partnerships with retailers and other businesses
- Integration with other financial services
- Development of new cryptocurrency-related products
Threats
- Increasing competition from other BTM operators
- Regulatory crackdowns on cryptocurrency activities
- Fluctuations in cryptocurrency prices
- Security breaches and theft
Competitors and Market Share
Key Competitors
- COIN:US
- DMTK:US
- BATM:US
Competitive Landscape
Bitcoin Depot's advantage lies in its large network size. Disadvantages include high transaction fees. Competitors may offer lower fees or focus on different geographic markets.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by the increasing adoption of cryptocurrencies and the expansion of the BTM network.
Future Projections: Future growth is projected to be influenced by cryptocurrency adoption, regulatory developments, and competitive dynamics. Analyst estimates for growth rates and market share vary.
Recent Initiatives: Recent strategic initiatives may include expansion into new markets, partnerships, and the introduction of new products and services, such as BDCheckout.
Summary
Bitcoin Depot Inc. is a leading operator in the growing Bitcoin ATM market, benefiting from increased cryptocurrency adoption. However, it faces challenges from competition, regulatory uncertainty, and security risks. The company's success depends on its ability to expand its network, maintain profitability, and adapt to the evolving cryptocurrency landscape. While the company is growing quickly, it needs to lower transaction fees and expand product offerings.
Similar Companies
- COIN:US
- SQ:US
- PYPL:US
Sources and Disclaimers
Data Sources:
- SEC filings, Company website, Market research reports, Analyst reports
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Cryptocurrency investments are highly speculative and involve significant risk.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bitcoin Depot Inc.
Exchange NASDAQ | Headquaters Atlanta, GA, United States | ||
IPO Launch date 2023-07-03 | Chairman of the Board, President & CEO Mr. Brandon Mintz | ||
Sector Financial Services | Industry Capital Markets | Full time employees 126 | Website https://www.bitcoindepot.com |
Full time employees 126 | Website https://www.bitcoindepot.com | ||
Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade. The company is headquartered in Atlanta, Georgia.
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