24/7 Market News Snapshot 18 March, 2025 – Bitcoin Depot Inc. Class A Common Stock (NASDAQ:BTM)

March 18, 2025

DENVER, Colo., 18 March, 2025 (247marketnews.com) – (NASDAQ:BTM) are discussed in this article.
Bitcoin Depot Inc. Class A Common Stock (BTM) opened at $1.49 and is currently trading at $1.626, reflecting a significant surge of approximately 16.98%. This increase follows a previous session close at $1.39, indicating bullish market momentum. The present trading volume is at 553.98K shares, underscoring considerable investor interest and the potential for sustained price movements. Traders are advised to watch for ongoing volume support, which may confirm this upward trend, while also monitoring broader market factors that could influence stocks related to cryptocurrency.

On another note, Bitcoin Depot has shared its financial results for the fourth quarter and full year ended December 31, 2024. The company reported fourth-quarter revenues of $136.8 million, a modest decline from $148.4 million year-over-year, primarily due to recent legislative changes impacting operations. However, Bitcoin Depot achieved a net income of $5.4 million, marking a significant improvement from a net loss of $1.7 million in the comparable quarter of the previous year. This turnaround was complemented by a 16% reduction in operating expenses, highlighting effective cost management strategies implemented across its extensive ATM network.

CEO Brandon Mintz credited this growth to strategic initiatives put in place throughout the year, stating, “The fourth quarter marked a significant turnaround for Bitcoin Depot as we laid the groundwork for continued growth.” He remains optimistic about the outlook for 2025, projecting revenues in the range of $151 million to $154 million for the first quarter, translating to a 9% to 11% year-over-year growth. Furthermore, the company anticipates over 200% growth in adjusted EBITDA, as it seeks to leverage its robust cash flow to enhance shareholder value through potential dividends and increased Bitcoin treasury holdings.

With over 8,400 locations, Bitcoin Depot solidifies its position as a leader in the North American market, committed to providing users with accessible cryptocurrency solutions.

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