Bitcoin Depot announced that it plans to expand its footprint internationally into Australia and ship 125 kiosks to the country in second quarter 2024. The Company eagerly anticipates further expanding its global presence by offering its cash-to-Bitcoin services to individuals across the biggest metropolitan cities in the country, such as Sydney, Melbourne, and Brisbane. This announcement follows closely on the heels of the Company's expansion into Puerto Rico in March.

Bitcoin Depot sees immense potential for Australia due to the country's roughly 27 million-person population and its current BTM kiosk count of roughly 950 BTMs amongst only 10 operators, according to data from Coin ATM Radar. This presents a unique opportunity for the Company to capitalize on this gap in the market and the growing demand for accessible Bitcoin services in the country. Bitcoin Depot's products and services provide an intuitive, quick, and convenient process for converting cash into Bitcoin.

This allows users to access the broader digital financial system, including using Bitcoin to make payments, transfers, remittances, online purchases, and investments. This news adds to the Company's momentum, following recent expansion announcements and surpassing its goal of deploying 8,000 Bitcoin ATMs. Bitcoin Depot now boasts the largest installed fleet of BTMs in its history, solidifying its position as the leading BTM operator in North America. Despite market turbulence, the Company went public on a major U.S. stock exchange in 2023, earning recognition in Forbes 30 Under 30 and Deloitte's 2023 Technology Fast 500.