# Bitcoin Depot Inc.

Bitcoin Depot Inc. is a Publicly Traded Company based in Atlanta, United States.

## Overview

- **Organization type:** Publicly Traded Company
- **Headquarters:** Atlanta, United States
- **Region:** North America
- **Address:** Atlanta, GA, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** bitcoindepot.com

## Regulatory record

- **Reports private funds:** No

## About

Bitcoin Depot was launched in 2016 by Brandon Mintz, who previously founded a wholesale ATM business. The company's core offering is a network of BTMs (Bitcoin Teller Machines) allowing users to deposit cash and receive Bitcoin instantly. Wealth origin for the founding principal has not been disclosed publicly. The company targets the cash-to-cryptocurrency segment, deploying BTMs in convenience stores, grocery chains, and gas stations. Revenue is primarily from transaction fees, which typically range from 8% to 20% per transaction. As of its 2022 SPAC filing, Bitcoin Depot had processed over $1.6 billion in total transaction volume since inception (per SEC filings, 2022). Geographic footprint covers the United States and Canada, with the highest density in the South and Midwest. As of 2023, Bitcoin Depot employed roughly 200 people. The company went public in July 2022 through a merger with GSR II Meteora Acquisition Corp., a SPAC, raising approximately $170 million (per the firm, July 2022). Bitcoin Depot maintains no significant philanthropic or adjacent vehicles publicly. The firm's structural differentiator is its physical-first approach in a digital industry: while most cryptocurrency exchange operate online, Bitcoin Depot relies on a retail, cash-based distribution model that serves unbanked and underbanked customers. This model creates a unique compliance burden — the company must adhere to money-transmitter regulations across each US state and Canadian province.

## Sectors

- Crypto & Digital Assets
- FinTech

## People

- Brandon Mintz — CEO & Founder

## Questions

### Who runs investment decisions at Bitcoin Depot?

Brandon Mintz serves as CEO and founder, directing strategy. The company has a board of directors and executive team typical of a public company, including a CFO appointed after the SPAC merger.

### How did Bitcoin Depot go public?

Bitcoin Depot went public in July 2022 via a merger with GSR II Meteora Acquisition Corp., a special-purpose acquisition company (SPAC). The deal raised roughly $170 million in gross proceeds (per SEC filings, 2022).

### Is Bitcoin Depot solely focused on Bitcoin?

Initially Bitcoin-only, the company has expanded to support other cryptocurrencies including Litecoin, Ethereum, and Bitcoin Cash at select kiosks. However, Bitcoin remains the dominant transaction type.

### What regulatory framework applies to Bitcoin Depot?

Bitcoin Depot must comply with money-transmitter licensing requirements in each US state and province where it operates. This includes anti-money laundering (AML) and know-your-customer (KYC) obligations at its kiosks, which collect identification for larger transactions.

### How large is Bitcoin Depot's ATM network?

As of its 2022 public filings, Bitcoin Depot operated over 6,000 Bitcoin ATMs across more than 40 US states and Canada, making it North America's largest BTM operator.

### Does Bitcoin Depot invest in other crypto startups or projects?

Public filings suggest Bitcoin Depot focuses on its core ATM business rather than making venture investments. The company's revenue is generated from transaction fees, not from trading or strategic holdings.

## Related profiles

- [Interra Copper Corp.](https://altss.com/profile/interra-copper-corp)
- [Intelligent Living Application Group Inc.](https://altss.com/profile/intelligent-living-application-group-inc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/bitcoin-depot-inc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology