Bitcoin Depot (BTM) announced its acquisition of Instant Coin Bank. The acquisition strengthens Bitcoin Depot’s footprint in the South-Central United States and supports the Company’s long-term growth strategy. “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,” said Bitcoin Depot CEO Scott Buchanan. “This transaction allows us to further expand our presence in Texas and surrounding markets while applying operational expertise and compliance infrastructure to integrate their network efficiently. As we continue to consolidate a highly fragmented industry, acquisitions like this support our goal of building the most reliable and accessible BTM platform nationwide.”
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