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Bitcoin 
$109,527 Depot, a provider of Bitcoin-based ATM services, has come under scrutiny due to a significant decline in revenue, dropping from $150 million in the fourth quarter of 2022 to $137 million in the fourth quarter of 2024. This downturn is particularly noteworthy given the observed decrease in transaction volume.
Decline in Bitcoin ATM Revenues
New regulations implemented in California are cited as a primary reason for the partial decrease in transaction volumes. According to the company, although Bitcoin price fluctuations do not directly affect cash flow, regulatory innovations have caused disruptions in operational processes.
Brandon Mintz: “Despite the crash in 2022, transaction volumes continued to rise.”
In official statements, CEO Brandon Mintz expressed that transaction volumes developed as expected despite fluctuations in the cryptocurrency markets. This indicates a business approach that is not directly tied to the volatility of Bitcoin prices.
Bitcoin Depot and Future Plans
Founded in 2016, Bitcoin Depot has reported approximately $3 billion in transaction volume to its stakeholders. While primarily operating in the North American market, the company is evaluating international expansion as the market reaches saturation.
The situation highlights the extent to which regulatory changes and market dynamics affect business models. Observations suggest that revisions in technical and operational processes are supported by efforts to provide services tailored to the target audience. Technical details and cost structures play a crucial role in the company’s long-term strategic planning.
