Bitcoin Depot announced an outside investment firm has committed a multi-million-dollar investment into 250 Bitcoin Depot Bitcoin ATM, BTM, kiosks as part of the Company’s profit share program. The BTMs, operated by Bitcoin Depot, will provide passive income to the investment fund by paying out a percentage of monthly profits from these 250 kiosks. In addition to the 250 BTMs included in the initial agreement, the Fund has the option to invest in an additional 750 kiosks. “We launched this program to give our partners the opportunity to become part of the future of digital finance by investing in its underlying infrastructure, and we couldn’t be happier with its success since its commencement,” said Scott Buchanan, COO of Bitcoin Depot. “Our program provides partners with a turn-key solution to building passive income with little to no management responsibilities required. We’re thrilled to be partnering with an investor equally aligned in our vision of making Bitcoin more convenient and accessible for all.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More: Bitcoin Depot announces multi-million dollar investment from fund for 250 BTMs