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Bitcoin Depot Acquires Assets Of Pelicoin, Terms Undisclosed

Benzinga·06/11/2025 12:14:48
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Bitcoin Depot (NASDAQ:BTM), a U.S.-based Bitcoin ATM ("BTM") operator and leading fintech company, announced it has acquired the assets of Pelicoin, LLC, a crypto ATM operator based in New Orleans, Louisiana. The deal will add kiosk locations across Louisiana, Mississippi, Tennessee, Alabama, and Texas, strengthening Bitcoin Depot's presence in the Gulf South.

Pelicoin's ATM network will be fully integrated into Bitcoin Depot's platform in the coming weeks, with all locations transitioning to Bitcoin Depot branding.

The financial terms of the transaction were not disclosed.