Bitcoin Depot Rides on Kiosk Expansion: Bullish on Bitcoin Potential?
Werte in diesem Artikel
Bitcoin Depot Inc. BTM revenues have been growing in the past couple of years, primarily driven by BTM Kiosks, which accounted for roughly 99.7% of its total revenues in the first quarter of 2025.As of March 31, 2025, Bitcoin Depot had 8,463 BTM Kiosks installed across the United States, Canada and Puerto Rico, with a median kiosk transaction size of $300. Further, in June 2025, the company acquired the assets of Pelicoin, LLC, to strengthen its presence in the Gulf South region of the United States. The transaction will expand kiosk locations across Louisiana, Mississippi, Tennessee, Alabama and Texas.Moreover, Bitcoin Depot purchased additional Bitcoin under its treasury strategy, holding more than 100 Bitcoins in its treasury. This reinforces its confidence in Bitcoin’s long-term potential as both a strategic asset and a store of value.Last year, the company entered into seven franchise profit-sharing arrangements, under which counterparties will earn a share in profits generated by a particular group of kiosks. Also, it secured a deal with CEFCO for 72 out of their more than 200 locations to diversify within the convenience store industry. The company also signed a master placement agreement with EG America LLC to install BTM kiosks in more than 900 locations.Thus, Bitcoin Depot aims to capitalize on existing partnerships and new ones to expand its BTM Kiosks to drive higher transaction volumes, which, in turn, will boost revenues.What are BTM’s Peers Doing?Bitcoin Depot’s close peers like Coinbase Global Inc. COIN and BTCS, Inc. BTCS have been capitalizing on cryptocurrency tailwinds. While Coinbase has been emphasizing stablecoins and staking services, BTCS focuses on an Ethereum-focused strategy.The recent wave of deregulation in crypto policies is expected to favor companies like Bitcoin Depot, Coinbase and BTCS by reducing compliance burdens and opening up new revenue opportunities.Bitcoin Depot’s Price Performance, Valuation and EstimatesBitcoin Depot shares have soared 228.4% this year, significantly outperforming the S&P 500’s gain of 8.3%. Image Source: Zacks Investment ResearchFrom a valuation standpoint, BTM trades at a 12-month forward price-to-earnings ratio (P/E F12M) of 10.98X, below the industry average.Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for Bitcoin Depot’s 2025 earnings implies a surge of 176.7% on a year-over-year basis, while 2026 earnings are expected to grow at a rate of 10.3%. In the past week, earnings estimates for 2025 and 2026 have remained unchanged.Image Source: Zacks Investment ResearchBTM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bitcoin Depot Inc. (BTM): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report BTCS Inc. (BTCS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
Quelle: Zacks