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Bitcoin Depot Acquires the Assets of Regional Bitcoin ATM Operator, Instant Coin Bank

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ATLANTA, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“B...

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AI Summary

Bitcoin Depot has acquired Instant Coin Bank to strengthen its presence in Texas and Oklahoma. This strategic acquisition supports BTM's goal of expanding its Bitcoin ATM offerings and consolidating its market position, likely enhancing customer access and operational efficiencies in the region.

Sentiment Rationale

Historically, acquisitions that expand market presence have led to stock price appreciation. Similar firms have seen positive responses to strategic consolidation and growth initiatives.

Trading Thesis

Buy BTM for long-term growth as it continues to consolidate the BTM market.

Market-Moving

  • The acquisition of Instant Coin Bank may lead to increased revenue from expanded ATM locations.
  • Potential operational efficiencies could improve BTM's margins and customer service offerings.
  • Continued consolidation efforts may drive BTM's stock price higher in the competitive BTM landscape.

Key Facts

  • Bitcoin Depot (BTM) acquires Instant Coin Bank, expanding its southern U.S. presence.
  • The acquisition enhances BTM's strategic footprint in Texas and Oklahoma.
  • All Instant Coin Bank locations will transition to Bitcoin Depot branding.
  • BTM aims to consolidate a fragmented industry with continued acquisitions.
  • The financial terms of the acquisition have not been disclosed.

Companies Mentioned

  • Instant Coin Bank (N/A): Acquisition strengthens BTM's market presence in key regions.

Corporate Developments

This news fits into 'Corporate Developments' as it involves a strategic acquisition to enhance operations and market share in the Bitcoin ATM industry. Such moves are crucial for growth in a rapidly evolving fintech landscape.

Bitcoin Depot Strengthens Market Position with Acquisition of Instant Coin Bank

On January 13, 2026, Bitcoin Depot (NASDAQ: BTM), a leading U.S.-based Bitcoin ATM operator, announced the acquisition of Instant Coin Bank, a regional Bitcoin ATM operator with locations in Texas and Oklahoma. This strategic acquisition is part of Bitcoin Depot’s long-term growth strategy and underscores its commitment to expanding its services across the South-Central United States.

Details of the Acquisition

The acquisition of Instant Coin Bank enhances Bitcoin Depot's operational footprint in a high-demand market. CEO Scott Buchanan emphasized the significance of this acquisition, stating, “Instant Coin Bank is a strong strategic fit in a region where we continue to see sustained demand for convenient, secure cash-to-crypto access.”

This acquisition allows Bitcoin Depot to leverage its operational expertise and compliance infrastructure, facilitating a smooth integration of Instant Coin Bank's ATM network into its existing platform. In the coming weeks, all Instant Coin Bank locations will transition to Bitcoin Depot branding without disrupting service.

Customer Benefits and Service Continuity

Customers of Instant Coin Bank can expect no disruption in service, with the existing ATM machines retaining their core functions while gaining access to Bitcoin Depot’s comprehensive 24/7 customer support and enhanced security measures. This merger will also usher in ongoing investments in technology and consumer protection.

Obada Alhaj, President of Instant Coin Bank, noted, “Joining Bitcoin Depot allows that mission to continue on a much larger scale. Their market expertise, operational capabilities, and commitment to compliance will enhance the experience for both our customers and location partners.”

Bitcoin Depot's Growth Trajectory

Since its public debut in July 2023, Bitcoin Depot (BTM) has expanded its international reach while maintaining a strong focus on compliance and customer service. Over the past year, the company has formed several key retail partnerships, improved its compliance program, and completed multiple strategic acquisitions to further enhance its Bitcoin treasury.

As of August 2025, Bitcoin Depot operates over 9,000 kiosks globally, underpinning its position as a market leader in North America. The financial terms of the transaction with Instant Coin Bank have not been disclosed.

For more information on Bitcoin Depot and its innovative services, visit https://bitcoindepot.com.

About Bitcoin Depot

Bitcoin Depot Inc. (NASDAQ: BTM) was founded in 2016 with the goal of bridging the gap between cash users and the digital financial system. The company provides user-friendly solutions for converting cash into Bitcoin, enabling transactions for payments, spending, and investing. Their kiosks are present in 47 states, along with thousands of name-brand retail locations through the BDCheckout product.

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