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The mystery behind the 22% surge in Bitcoin Depot's stock: Will Bitcoin ATMs return to their golden age?
Bitcoin Depot – the operator of the largest Bitcoin ATM network in North America – just announced its financial results for the first quarter of 2025 with many positive signals, helping the stock to rise sharply after a long decline. But is this a sustainable revival or just a 'jump during a dying moment'?
Unexpected profit after a period of losses
After the first quarter of 2025, #BitcoinDepot reported a profit of 12.2 million USD, a complete turnaround from a loss of 4.2 million USD in the same period last year. Revenue increased by 19% compared to last year, reaching 164.2 million USD, thanks to the deployment of more ATMs and a higher average transaction scale.
Unexpected profit after a period of losses
After the first quarter of 2025, #BitcoinDepot reported a profit of 12.2 million USD, a complete turnaround from a loss of 4.2 million USD in the same period last year. Revenue increased by 19% compared to last year, reaching 164.2 million USD, thanks to the deployment of more ATMs and a higher average transaction scale.
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Athena Bitcoin Registers Stock Sale for Early Investors
Athena Bitcoin Global, an operator of Bitcoin ATMs in the U.S. with a focus on Latin America, has filed to resell 473 million shares to early investors, according to an SEC filing on 06/24/2025. With Bitcoin priced at $106,000 (CoinGecko), this move creates liquidity for shareholders but may put pressure on share prices. The article provides a detailed analysis of the plan, market context, impact on the crypto industry, and suggestions for investors.
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Texas police use chainsaw to open Bitcoin ATM, recover nearly $32,000 from fraud
A rare incident recently occurred in Jasper County (#Texas , USA) when local police used a chainsaw to break open a Bitcoin ATM to recover $31,900 in cash taken by a fraudster. The victim was a family that reported losing $25,000 through a transaction with a Bitcoin Depot ATM located at a rural gas station.
Images released by the Jasper Sheriff's Office show sparks flying from the cutting process, alongside bags of evidence filled with cash. Police stated that they had a legal search warrant and confirmed they had previously handled similar cases.
Bitcoin ATMs are often exploited by criminals to defraud the elderly. According to an FBI report, in 2024, Americans over 60 have been defrauded of up to $107 million through Bitcoin ATMs, primarily by individuals impersonating government officials or technical support technicians.
Bitcoin Depot – the operator of the ATM – stated that they have a compliance team, transaction monitoring system, and anti-money laundering policy, but typically only cooperate in investigations through receiving wallets or exchanges, rather than intervening directly with the machines.
Jasper police declared they would “use all necessary measures to protect property and citizens,” although they have not yet identified the individuals behind the fraud.
A rare incident recently occurred in Jasper County (#Texas , USA) when local police used a chainsaw to break open a Bitcoin ATM to recover $31,900 in cash taken by a fraudster. The victim was a family that reported losing $25,000 through a transaction with a Bitcoin Depot ATM located at a rural gas station.
Images released by the Jasper Sheriff's Office show sparks flying from the cutting process, alongside bags of evidence filled with cash. Police stated that they had a legal search warrant and confirmed they had previously handled similar cases.
Bitcoin ATMs are often exploited by criminals to defraud the elderly. According to an FBI report, in 2024, Americans over 60 have been defrauded of up to $107 million through Bitcoin ATMs, primarily by individuals impersonating government officials or technical support technicians.
Bitcoin Depot – the operator of the ATM – stated that they have a compliance team, transaction monitoring system, and anti-money laundering policy, but typically only cooperate in investigations through receiving wallets or exchanges, rather than intervening directly with the machines.
Jasper police declared they would “use all necessary measures to protect property and citizens,” although they have not yet identified the individuals behind the fraud.
Here's a breakdown of the $ATM /USDT trading snapshot you've shared:
Current Stats:
Price: $1.184
Change: +6.96%
24h High / Low: $1.390 / $1.104
24h Volume ($ATM ): 3.83M
24h Volume (USDT): 4.64M
Indicators:
RSI (6): 60.335 → Moderately strong, nearing overbought zone (>70)
SAR (0.02, 0.2): 1.385 → Indicates possible downward pressure if price remains below SAR
MACD/EMA/BOLL: Mentioned, but no exact data—would be useful for deeper trend analysis
Performance:$ATM
Last 7 Days: +4.87%
Last 30 Days: +6.67%
90 Days: -19.95%
1 Year: -62.61%
Interpretation:
Short-term looks bullish with good 24h recovery.
However, long-term trend is clearly bearish.
RSI suggests there's still room for upside before it gets overheated.
SAR being above current price implies a potential reversal or pullback.
#ATM #ATMBitcoin #ATMKripto #ATH #ATMTrading
Current Stats:
Price: $1.184
Change: +6.96%
24h High / Low: $1.390 / $1.104
24h Volume ($ATM ): 3.83M
24h Volume (USDT): 4.64M
Indicators:
RSI (6): 60.335 → Moderately strong, nearing overbought zone (>70)
SAR (0.02, 0.2): 1.385 → Indicates possible downward pressure if price remains below SAR
MACD/EMA/BOLL: Mentioned, but no exact data—would be useful for deeper trend analysis
Performance:$ATM
Last 7 Days: +4.87%
Last 30 Days: +6.67%
90 Days: -19.95%
1 Year: -62.61%
Interpretation:
Short-term looks bullish with good 24h recovery.
However, long-term trend is clearly bearish.
RSI suggests there's still room for upside before it gets overheated.
SAR being above current price implies a potential reversal or pullback.
#ATM #ATMBitcoin #ATMKripto #ATH #ATMTrading
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Police "lack understanding" are destroying Bitcoin ATMs: Head of Legal at Bitcoin Depot
Chris Ryan, Head of Legal at Bitcoin Depot, stated that law enforcement agencies in the U.S. are overstepping their authority and may be breaking the law by using force to seize cash from Bitcoin ATMs. He asserted that the seized money belongs to Bitcoin Depot and that the police must be held accountable for compensating the damaged machines.
Destruction and damage
Ryan explained that the police, in an effort to help those who have been scammed, inadvertently create new victims out of the company. For example, in Texas, authorities used specialized tools to take $32,000 from a Bitcoin Depot machine, causing complete damage and requiring a replacement machine (a machine that costs $14,000). According to Scott Buchanan, COO of Bitcoin Depot, in most cases of "physical destruction," the machines are completely ruined.
Destruction and damage
Ryan explained that the police, in an effort to help those who have been scammed, inadvertently create new victims out of the company. For example, in Texas, authorities used specialized tools to take $32,000 from a Bitcoin Depot machine, causing complete damage and requiring a replacement machine (a machine that costs $14,000). According to Scott Buchanan, COO of Bitcoin Depot, in most cases of "physical destruction," the machines are completely ruined.
a big heat seen at $ATM
Go and buy this coin..u will regret after it gone.thus will gone so far..$ATM will break its all past records.
#ATMBitcoin #CryptoScamSurge
Go and buy this coin..u will regret after it gone.thus will gone so far..$ATM will break its all past records.
#ATMBitcoin #CryptoScamSurge
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Kenya Confirms Cryptocurrency Potential: Bitcoin ATMs Appear
The appearance of machines #ATMBitcoin at major shopping centers in Nairobi has sent a strong and optimistic message about the pace of cryptocurrency adoption in Kenya. These machines, branded "Bankless Bitcoin", are confidently placed right next to the counters of traditional banks, signifying an ongoing cultural shift in finance. This comes right after Kenya enacted the comprehensive Virtual Asset Service Provider (VASP) Law in 2025, effective November 4, a move that demonstrates the government's determination to regulate and promote this industry.
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Nebraska Greenlights Crypto: Bitcoin ATMs Subject to Stricter Regulation
Nebraska has officially become one of the pioneering states in the US in regulating Bitcoin ATMs to protect users from scams. This comes after Governor Jim Pillen signed Bill LB609 last Wednesday, placing Nebraska among the states open to cryptocurrency while still maintaining strict oversight principles.
Protecting users against fraud risks
Protecting users against fraud risks
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The Bitcoin ATM operator company Athena Bitcoin is being sued for stealing copyrighted source code
The company #AMLSoftware (based in Illinois) has filed a lawsuit against Athena Bitcoin, accusing this Bitcoin ATM operator of attempting to steal their copyrighted source code. The lawsuit was filed on Tuesday, stating that Athena has violated copyright and misappropriated trade secrets in an effort to seize over 3,000 machines #ATMBitcoin from a third party since 2023.
AML Software, the company that developed the source code operating the Bitcoin ATMs, accuses Jordan Mirch—the operator of the companies involved in the case—of being the main driving force behind the scheme. Mirch, through the company Taproot Acquisition Enterprises, acquired 2,800 Bitcoin ATMs from another struggling company. These machines are alleged to be using AML Software's source code.
Although Athena had previously inquired about purchasing AML Software's source code, they later canceled. Instead, Mirch and Taproot are accused of setting up a private agreement with Athena to transfer the source code along with these ATMs. AML Software believes that Athena was fully aware that the source code belonged to them. Recently, Athena announced a deal worth 9 million USD to officially own these ATMs and this source code.
In addition to the copyright lawsuit, Athena Bitcoin is also facing a separate lawsuit from the Attorney General of Washington, D.C. The company is accused of profiting from scams targeting the elderly and charging hidden fees of up to 26% from customers.
The company #AMLSoftware (based in Illinois) has filed a lawsuit against Athena Bitcoin, accusing this Bitcoin ATM operator of attempting to steal their copyrighted source code. The lawsuit was filed on Tuesday, stating that Athena has violated copyright and misappropriated trade secrets in an effort to seize over 3,000 machines #ATMBitcoin from a third party since 2023.
AML Software, the company that developed the source code operating the Bitcoin ATMs, accuses Jordan Mirch—the operator of the companies involved in the case—of being the main driving force behind the scheme. Mirch, through the company Taproot Acquisition Enterprises, acquired 2,800 Bitcoin ATMs from another struggling company. These machines are alleged to be using AML Software's source code.
Although Athena had previously inquired about purchasing AML Software's source code, they later canceled. Instead, Mirch and Taproot are accused of setting up a private agreement with Athena to transfer the source code along with these ATMs. AML Software believes that Athena was fully aware that the source code belonged to them. Recently, Athena announced a deal worth 9 million USD to officially own these ATMs and this source code.
In addition to the copyright lawsuit, Athena Bitcoin is also facing a separate lawsuit from the Attorney General of Washington, D.C. The company is accused of profiting from scams targeting the elderly and charging hidden fees of up to 26% from customers.
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