Bitcoin Depot (NASDAQ: BTM), the largest Bitcoin ATM operator in North America, has acquired the assets of Instant Coin Bank, a regional kiosk operator concentrated in Texas and Oklahoma, reinforcing its push to consolidate a fragmented BTM market in the South-Central United States.
The transaction folds Instant Coin Bank’s network into Bitcoin Depot’s footprint of more than 8,800 locations across 47 states. All acquired kiosks will transition to Bitcoin Depot branding in the coming weeks. The company said customers will face no service interruptions and will gain access to 24/7 customer support and Bitcoin Depot’s internal compliance systems.
Bitcoin Depot CEO Scott Buchanan said the acquisition strengthens the company’s presence in a region showing sustained demand for cash-to-crypto services. He framed the deal as part of a broader effort to build a nationwide BTM platform with consistent security and accessibility standards.
The Instant Coin Bank acquisition follows a series of expansion moves by Bitcoin Depot over the past 18 months, including the 500-kiosk purchase of National Bitcoin ATM in late 2025. Through scale, Bitcoin Depot has rolled out enhanced security features and its BDCheckout service, which allows users to fund crypto accounts at major retail partners.
As of early 2026, Bitcoin Depot holds around 30% of the U.S. Bitcoin ATM market, according to industry estimates. Shares of Bitcoin Depot were trading at $1.42, up 3.61%, following news of the acquisition.
Source: Company statements and market data
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