B. Riley Initiates Bitcoin Depot at Buy With $6 Price Target -September 19, 2023 at 07:37 am EDT

Bitcoin Depot Inc. is a Bitcoin ATM (BTM) operator and fintech company. The Company provides its users with simple, efficient and intuitive means of converting cash into cryptocurrency, which users can deploy in the payments, spending and investing space. The Company’s products include Bitcoin Depot BTM and BDCheckout. Bitcoin Depot’s BTMs provide a streamlined, intuitive platform to convert cash to Bitcoin, Ethereum or Litecoin, giving users the ability on their own to access the broader, digital financial system. Bitcoin Depot’s streamlined process at each BTM typically takes under two minutes for new accounts and existing users can typically purchase cryptocurrency in under a minute. BDCheckout customers can fund their Bitcoin Depot accounts with cash directly at thousands of checkout counters at participating retailers across the United States. Once an account is funded, the user can receive Bitcoin through the Bitcoin Depot mobile app.