Bitcoin Depot (BTM) 10-Q 15 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 12, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Registrant Name	Bitcoin Depot Inc.
Entity Central Index Key	0001901799
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes
Entity File Number	001-41305
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-3219029
Entity Address, Address Line One	3343 Peachtree Road NE, Suite 750
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30326
City Area Code	687
Local Phone Number	435-9604
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	BTM
Security Exchange Name	NASDAQ
Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
Document Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
Trading Symbol	BTMWW
Security Exchange Name	NASDAQ
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		17,844,174
Series A Preferred Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,075,000
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Class E Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,075,761
Class M Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Class O Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Class V Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		41,193,024

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current:
Cash and cash equivalents	$ 43,942	$ 29,759
Cryptocurrencies	600	712
Accounts receivable	317	245
Prepaid expenses and other current assets	9,777	6,554
Total current assets	54,636	37,270
Property and equipment:
Furniture and fixtures	635	635
Leasehold improvements	172	172
Kiosk machines - owned	27,100	24,222
Kiosk machines - leased	22,394	20,524
Total property and equipment	50,301	45,553
Less: accumulated depreciation	(25,758)	(20,699)
Total property and equipment, net	24,543	24,854
Intangible assets, net	3,168	3,836
Goodwill	8,717	8,717
Operating lease right-of-use assets, net	2,489	484
Deposits	699	412
Deferred tax assets	3,286	1,804
Total assets	97,538	77,377
Current:
Accounts payable	10,326	8,337
Accrued expenses and other current liabilities	21,591	21,545
Notes payable	4,366	3,985
Income taxes payable	2,811	2,484
Deferred revenue	13	297
Operating lease liabilities, current portion	813	279
Current installments of obligations under finance leases	4,761	6,801
Other non-income tax payable	2,235	2,297
Total current liabilities	46,916	46,025
Long-term liabilities
Notes payable, non-current	38,793	17,101
Operating lease liabilities, non-current	1,754	319
Obligations under finance leases, non-current	2,653	2,848
Deferred income tax, net	853	846
Tax receivable agreement liability due to related party, non-current	2,126	865
Total Liabilities	93,095	68,004
Commitments and Contingencies (Note 19)
Stockholders' Equity
Treasury stock	(437)	(279)
Additional paid-in capital	20,731	17,326
Accumulated deficit	(36,762)	(32,663)
Accumulated other comprehensive loss	(198)	(203)
Total Stockholders' Deficit Attributable to Bitcoin Depot Inc.	(16,661)	(15,814)
Non-controlling interest
Equity attributable to non-controlling interests	21,104	25,187
Total Stockholders' Equity	4,443	9,373
Total Liabilities and Stockholders' Equity	97,538	77,377
Series A Preferred Stock [Member]
Stockholders' Equity
Series A Preferred Stock, $0.0001 par value; 50,000,000 authorized, 3,075,000 and 3,125,000 shares issued and outstanding, at June 30, 2024 and December 31, 2023, respectively	0	0
Common Class A [Member]
Stockholders' Equity
Common stock	1	1
Class E Common Stock [Member]
Stockholders' Equity
Common stock	0	0
Common Class B [Member]
Stockholders' Equity
Common stock	0	0
Common Class M [Member]
Stockholders' Equity
Common stock	0	0
Common Class O [Member]
Stockholders' Equity
Common stock	0	0
Common Class V [Member]
Stockholders' Equity
Common stock	$ 4	$ 4

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Series A Preferred Stock [Member]
Preferred stock, par or stated value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	3,075,000	3,125,000
Preferred stock, shares outstanding	3,075,000	3,125,000
Common Class A [Member]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares, issued	17,345,855	13,602,691
Common stock, shares outstanding	17,155,235	13,482,047
Class E Common Stock [Member]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	2,250,000	2,250,000
Common stock, shares, issued	1,075,761	1,075,761
Common stock, shares outstanding	1,075,761	1,075,761
Common Class B [Member]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares, issued	0	0
Common stock, shares outstanding	0	0
Common Class M [Member]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares, issued	0	0
Common stock, shares outstanding	0	0
Common Class O [Member]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares, issued	0	0
Common stock, shares outstanding	0	0
Common Class V [Member]
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares, issued	41,193,024	44,100,000
Common stock, shares outstanding	41,193,024	44,100,000

Consolidated Statements Of (Los

Consolidated Statements Of (Loss) Income And Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 163,066	$ 197,474	$ 301,605	$ 361,077
Cost of revenue (excluding depreciation and amortization)	136,708	167,242	257,995	308,543
Operating expenses:
Selling, general, and administrative	15,762	16,168	29,368	27,003
Depreciation and amortization	2,992	3,499	5,939	6,295
Total operating expenses	18,754	19,667	35,307	33,298
Income from operations	7,604	10,565	8,303	19,236
Other (expense) income:
Interest (expense)	(2,880)	(4,404)	(7,824)	(7,351)
Other income (expense)	34	(10,797)	40	(10,913)
Loss on foreign currency transactions	(138)	(62)	(265)	(211)
Total other (expense)	(2,984)	(15,263)	(8,049)	(18,475)
(Loss) Income before provision for income taxes and non-controlling interest	4,620	(4,698)	254	761
Income tax (expense) benefit	(270)	692	(132)	1,314
Net income (loss)	4,350	(4,006)	122	2,075
Net income attributable to Legacy Bitcoin Depot unit holders	0	6,616	0	12,906
Net income attributable to non-controlling interest	6,911	77	4,221	(132)
Net income (loss) post the Merger	(2,561)	(10,699)	(4,099)	(10,699)
Net income (loss)	4,350	(4,006)	122	2,075
Foreign currency translation adjustments	5	(21)	18	(21)
Total comprehensive income (loss)	4,355	(4,027)	140	2,054
Comprehensive income attributable to Legacy Bitcoin Depot unit holders	0	6,595	0	12,885
Comprehensive income (loss) attributable to non-controlling interest	6,911	77	4,234	(132)
Comprehensive (loss) attributable to Bitcoin Depot Inc.	$ (2,556)	$ (10,699)	$ (4,094)	$ (10,699)
(Loss) earnings per share basic	$ (0.13)	$ (0.64)	$ (0.23)	$ (0.64)
(Loss) earnings per share diluted	$ (0.13)	$ (0.64)	$ (0.23)	$ (0.64)
Weighted average shares:
Weighted average shares Basic	19,432,011	16,658,691	18,016,761	16,658,691
Weighted average shares diluted	19,432,011	16,658,691	18,016,761	16,658,691

Consolidated Statement Of Chang

Consolidated Statement Of Changes In Stockholders' Equity And Member's Equity - USD ($)	Total	Equity Attributed to Legacy Bitcoin Depot [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Stock Subscriptions Receivable [Member]	Non-controlling Interest [Member]	Total Equity Attributed to Bitcoin Depot [Member]	Series A Preferred Stock [Member] Preferred Stock [Member]	Series A Preferred Stock [Member] Preferred Stock [Member] PIPE And ESA Agreement [Member]	Common Class A [Member]	Common Class A [Member] Common Stock [Member]	Class E Common Stock [Member] Common Stock [Member]	Class V Common Stock [Member]	Class V Common Stock [Member] Common Stock [Member]
Beginning Balance at Dec. 31, 2022	$ 9,444,000	$ 7,396,000				$ (182,000)		$ 2,230,000
Distributions	(12,737,000)	(12,737,000)
Stock compensation prior to transaction	382,000							382,000
Foreign currency translation	(21,000)					(21,000)
Net income (loss) prior to transaction	12,774,000	12,906,000						(132,000)
Recapilization - NCI exchange / Recapitalization of Legacy Bitcoin Depot equity and establishment of non-controlling interest	(3,504,000)	(7,565,000)			$ (5,806,000)		$ (4,000)	9,866,000					$ 1,000			$ 4,000
Recapilization - NCI exchange / Recapitalization of Legacy Bitcoin Depot equity and establishment of non-controlling interest, Shares													11,858,691	1,075,761		44,100,000
Establishment of TRA	(754,000)				(754,000)
Shares issued in connection with the PIPE Financing	8,280,000			$ 13,889,000			(5,609,000)
Shares issued in connection with the PIPE Financing, Shares											4,300,000
Share-based compensation expense	382,000							382,000
Stock compensation / Post transaction stock compensation expense related to shares issued to founder	1,615,000			1,615,000
Stock compensation / Post transaction stock compensation expense related to shares issued to founder Shares													500,000
Net Income (Loss)	(10,699,000)
Net (loss) income attributable to Bitcoin Depot Inc.	(10,699,000)				(10,699,000)
Net income (loss)	2,075,000
Ending Balance at Jun. 30, 2023	4,780,000			15,504,000	(17,259,000)	(203,000)	(5,613,000)	12,346,000					$ 1,000			$ 4,000
Ending Balance (Shares) at Jun. 30, 2023										4,300,000			12,358,691	1,075,761		44,100,000
Beginning Balance at Mar. 31, 2023	15,213,000	13,182,000				(182,000)		2,213,000
Distributions	(12,233,000)	(12,233,000)
Stock compensation prior to transaction	190,000							190,000
Foreign currency translation	(21,000)
Net income (loss) prior to transaction	6,693,000	6,616,000				(21,000)		77,000
Recapilization - NCI exchange / Recapitalization of Legacy Bitcoin Depot equity and establishment of non-controlling interest	(3,504,000)	$ (7,565,000)			(5,806,000)		(4,000)	9,866,000					$ 1,000			$ 4,000
Recapilization - NCI exchange / Recapitalization of Legacy Bitcoin Depot equity and establishment of non-controlling interest, Shares													11,858,691	1,075,761		44,100,000
Establishment of TRA	(754,000)				(754,000)
Shares issued in connection with the PIPE Financing	8,280,000			13,889,000			(5,609,000)
Shares issued in connection with the PIPE Financing, Shares											4,300,000
Share-based compensation expense	190,000							190,000
Stock compensation / Post transaction stock compensation expense related to shares issued to founder	1,615,000			1,615,000
Stock compensation / Post transaction stock compensation expense related to shares issued to founder Shares													500,000
Net Income (Loss)	(10,699,000)				(10,699,000)
Net income (loss)	(4,006,000)
Ending Balance at Jun. 30, 2023	4,780,000			15,504,000	(17,259,000)	(203,000)	$ (5,613,000)	12,346,000					$ 1,000			$ 4,000
Ending Balance (Shares) at Jun. 30, 2023										4,300,000			12,358,691	1,075,761		44,100,000
Beginning Balance at Dec. 31, 2023	9,373,000		$ (279,000)	17,326,000	(32,663,000)	(203,000)		25,187,000	$ (15,814,000)				$ 1,000			$ 4,000
Beginning Balance (Shares) at Dec. 31, 2023			(120,644)							3,125,000			13,602,691	1,075,761		44,100,000
Treasury shares	$ (200,000)
Treasury shares	(69,976)
Ending Balance at Mar. 31, 2024	$ 4,981,000		$ (437,000)	18,215,000	(34,201,000)	(199,000)		21,598,000	(16,617,000)				$ 1,000			$ 4,000
Ending Balance (Shares) at Mar. 31, 2024			(190,620)							3,075,000			13,721,691	1,075,761		44,100,000
Beginning Balance at Dec. 31, 2023	9,373,000		$ (279,000)	17,326,000	(32,663,000)	(203,000)		25,187,000	(15,814,000)				$ 1,000			$ 4,000
Beginning Balance (Shares) at Dec. 31, 2023			(120,644)							3,125,000			13,602,691	1,075,761		44,100,000
Distributions	(7,748,000)							(7,748,000)
Stock compensation prior to transaction	2,625,000			2,609,000				16,000	2,609,000
Foreign currency translation	18,000					5,000		13,000	5,000
Redemption of non-controlling interest				585,000				(585,000)	585,000
Redemption of non-controlling interst, shares												2,906,976			(2,906,976)
Change in tax basis in BT HoldCo due to redemption	211,000			211,000					211,000
Conversion of Series A preferred stock to class A common stock Shares										(50,000)			50,000
Share-based compensation expense	2,625,000			2,609,000				16,000	2,609,000
Treasury shares	(158,000)		$ (158,000)						(158,000)
Treasury shares			(69,976)
Shares issued for vested RSU awards													786,188
Net Income (Loss)	(4,099,000)
Net (loss) income attributable to Bitcoin Depot Inc.	122,000				(4,099,000)			4,221,000	(4,099,000)
Net income (loss)	122,000
Ending Balance at Jun. 30, 2024	4,443,000		$ (437,000)	20,731,000	(36,762,000)	(198,000)		21,104,000	(16,661,000)				$ 1,000			$ 4,000
Ending Balance (Shares) at Jun. 30, 2024			(190,620)							3,075,000			17,345,855	1,075,761		41,193,024
Beginning Balance at Mar. 31, 2024	4,981,000		$ (437,000)	18,215,000	(34,201,000)	(199,000)		21,598,000	(16,617,000)				$ 1,000			$ 4,000
Beginning Balance (Shares) at Mar. 31, 2024			(190,620)							3,075,000			13,721,691	1,075,761		44,100,000
Distributions	(6,832,000)							(6,832,000)
Stock compensation prior to transaction	1,728,000			1,720,000				8,000	1,720,000
Foreign currency translation	5,000					1,000		4,000	1,000
Redemption of non-controlling interest				585,000				(585,000)	585,000
Redemption of non-controlling interst, shares												2,906,976			(2,906,976)
Change in tax basis in BT HoldCo due to redemption	211,000			211,000					211,000
Recapilization - NCI exchange / Recapitalization of Legacy Bitcoin Depot equity and establishment of non-controlling interest	500,000
Share-based compensation expense	$ 1,728,000			1,720,000				8,000	1,720,000
Treasury shares	0
Shares issued for vested RSU awards													717,188
Net Income (Loss)	$ (2,561,000)
Net (loss) income attributable to Bitcoin Depot Inc.	4,350,000				(2,561,000)			6,911,000	(2,561,000)
Net income (loss)	4,350,000
Ending Balance at Jun. 30, 2024	$ 4,443,000		$ (437,000)	$ 20,731,000	$ (36,762,000)	$ (198,000)		$ 21,104,000	$ (16,661,000)				$ 1,000			$ 4,000
Ending Balance (Shares) at Jun. 30, 2024			(190,620)							3,075,000			17,345,855	1,075,761		41,193,024

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Cash flows from Operating Activities:
Net income	$ 122	$ 2,075
Adjustments to reconcile net income to net cash (used in) operating activities:
Amortization of deferred financing costs	808	515
Accretion to contingent earn-out liability		142
Depreciation and amortization	5,939	6,295
Loss on Series A Preferred Share PIPE Issuance		9,213
Non-cash share-based compensation	2,625	1,997
Purchase of services in cryptocurrencies	806	432
Deferred taxes	7	(867)
Loss on lease termination		1,201
Write-off of deferred financing costs	3,136
Loss on disposal of property and equipment	38	255
Reduction in carrying amount of right-of-use assets	227	49
Cryptocurrency received as payment	(792)	(288)
Other	168
Change in operating assets and liabilities:
Deposits	(287)
Accounts receivable	(72)	(870)
Cryptocurrencies	219	(438)
Prepaid expenses and other current assets	(3,385)	(978)
Accounts payable	2,135	(125)
Accrued expenses and other current liabilities	207	8,331
Income taxes payable	328	(268)
Derivative liabilities		6
Other non-income tax payable	(62)
Tax receivable agreement liability	0
Deferred revenue	(283)	4
Operating leases, net	(409)	(82)
Net Cash Flows Provided by Operations	11,475	26,599
Cash flows from Investing Activities:
Acquisition of property and equipment	(3,068)	(18)
Acquisition of BTC investments	(122)
Net Cash Flows Used In Investing Activities	(3,190)	(18)
Cash flows from Financing Activities:
Net Proceeds from Merger		3,343
PIPE commitment fees paid		(583)
Proceeds from issuance of note payable	20,405
Principal payments on notes payable	(2,436)	(18,926)
Principal payments on finance lease	(4,193)	(6,701)
Payment of deferred financing costs	(19)	(1,149)
Purchase of treasury stock	(158)
Distributions	(7,748)	(12,711)
Net Cash Flows Provided by (Used In) Financing Activities	5,851	(36,727)
Effect of exchange rate changed on cash and cash equivalents	47	21
Net change in cash and cash equivalents	14,183	(10,125)
Cash and cash equivalents - beginning of period	29,759	37,540
Cash and cash equivalents - end of period	43,942	27,415
Cash paid during the six months ended June 30 for:
Interest	4,178	7,036
Income taxes	3,427	$ 2,212
Noncash Investing and Financing Items [Abstract]
Proceeds from the issuance of term loan	15,200
Issuance of term loan net of fees paid	500
Old Term Loan [Member]
Noncash Investing and Financing Items [Abstract]
Debt instrument, face amount	19,900
New Term Loan [Member]
Noncash Investing and Financing Items [Abstract]
Debt instrument, face amount	$ 35,600

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,561)	$ (10,699)	$ (4,099)	$ (10,699)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On May 20, 2024 , Glen Leibowitz , Chief Financial Officer of the Company, adopted a 10b5-1 plan. Mr. Leibowitz’s plan provides that approximately 20% of holdings will be sold each quarter starting on September 1, 2024, and is designed to be in effect until December 31, 2025. On May 19, 2024 , Mr. Leibowitz terminated a 10b5-1 plan originally adopted on November 21, 2023, consisted of selling 10% of vested holdings each month starting on April 2, 2024. No other directors or “officers” (as such term is defined in Rule 16(a)-1(f) under the Exchange Act) adopted or terminated a “Rule 10b5-1 trading agreement” or “non-Rule 10b5-1 trading arrangement” (each as defined in Item 408(a) and (c) of Regulation S-K).
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Glen Leibowitz [Member]
Trading Arrangements, by Individual
Name	Glen Leibowitz
Title	Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 20, 2024
Rule 10b5-1 Arrangement Terminated	true
Termination Date	May 19, 2024

Organization and Background

Organization and Background	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Background	(1) Organization and Background (a) Organization Lux Vending, LLC (dba Bitcoin Depot) (“Legacy Bitcoin Depot”) was formed on June 7, 2016. Pursuant to a transaction with GSR II Meteora Acquisition Corp. (“GSRM”), a Delaware corporation formed on October 14, 2021, Legacy Bitcoin Depot merged with and into GSRM and GSRM was renamed Bitcoin Depot Inc. (“Bitcoin Depot”, or the “Company”) (see Note 2(a)). Bitcoin Depot owns and operates a network of cryptocurrency kiosks (“BTMs”) across North America where customers can buy and sell cryptocurrencies. In addition to the BTM network, Bitcoin Depot also sells cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website. The BDCheckout offering allows users similar functionality to the BTM kiosks, enabling users to load cash into their accounts at the checkout counter at retail locations, and use those funds to purchase cryptocurrency. The Company’s website allows users to purchase cryptocurrency online for which the Company earns a commission. Bitcoin Depot also offers a software solution to other BTM operators through its controlled subsidiary, BitAccess Inc. ("BitAccess"). (b) Background Several factors affect the price of cryptocurrencies, including but not limited to: (a) global supply and demand; (b) investors’ expectations with respect to the rate of inflation; (c) interest rates; (d) currency exchange rates, including the rates at which cryptocurrencies may be exchanged for fiat currencies; (e) fiat currency withdrawal and deposit policies of electronic market places where traders may buy and sell cryptocurrencies based on bid-ask trading activity with the various exchanges and the liquidity of those exchanges; (f) interruptions in service from or failures of major cryptocurrency exchanges; (g) investment and trading activities of large investors, including private and registered funds, that may directly or indirectly invest in cryptocurrencies; (h) monetary policies of governments, trade restrictions, currency devaluations and revaluations; (i) regulatory measures, if any, that restrict the use of cryptocurrencies as a form of payment; (j) the maintenance and development of the open-source protocol governing the cryptocurrency’s network; (k) global or regional political, economic or financial events and situations; (l) expectations among market participants that the value of a cryptocurrency will soon change; and (m) the reduction in mining rewards of Bitcoin, including block reward halving events, which are events that occur after a specific period of time and reduce the block reward earned by miners. Global supply for a particular cryptocurrency is determined by the asset’s network source code, which sets the rate at which assets may be awarded to network participants. Global demand for cryptocurrencies is influenced by such factors as the increase in acceptance by retail merchants and commercial businesses of a cryptocurrency as a payment alternative, the security of online exchanges and digital wallets, the perception that the use of cryptocurrencies is safe and secure, and the lack of regulatory restrictions on their use. Additionally, there is no assurance that any cryptocurrency will maintain its long-term value in terms of purchasing power. Any of these events could have a material adverse effect on the Company’s financial position and the results of its operations. (c) Liquidity As of June 30, 2024, the Company had current assets of $ 54.6 million, including cash and cash equivalents of $ 43.9 million, current liabilities of $ 46.9 million, total stockholders’ equity of $ 4.4 million and an accumulated deficit of $ 36.8 million. For the six months ended June 30, 2024, the Company recognized net income of $ 0.1 million, generated positive cash flows from operations of $ 11.5 million and had cash flows provided by financing activities of $ 5.9 million, primarily due to the issuance of notes payable. The Company expects its existing cash and cash equivalents, together with cash provided by operations, to be sufficient to fund its operations for a period of 12 months from the date that these consolidated financial statements are issued. (d) Risks and Uncertainties The operations of Bitcoin Depot are subject to various regulatory challenges and uncertainties. The Company's ability to operate and expand its cryptocurrency kiosk services in compliance with applicable laws and regulations is a significant risk that may impact its financial performance and overall business prospects. The regulatory landscape surrounding cryptocurrencies, including the operation of crypto kiosks, is rapidly evolving and can vary significantly from one jurisdiction to another. The impact of heightened regulatory oversight is not yet known. For example, recent legislation in California regulates digital financial asset transaction kiosks (“crypto kiosks”) by imposing (i) a limit of $ 1,000 per day on the amount of funds the kiosk operator can accept from or dispense at its crypto kiosks; (ii) a limit on the direct and indirect charges an operator may collect from a customer for a single transaction to the greater of $ 5 or 15 % of the dollar equivalent of the digital assets involved in the transaction; (iii) requirements that specific information (including the amount of fees, expenses and charges, as well as any spread between the dollar price of the digital asset charged to the customer and the dollar price for that asset listed by a digital asset exchange) be disclosed both prior to a transaction and on transaction receipts printed by crypto kiosks following the transaction; and (iv) requiring operators to provide the California Department of Financial Protection and Innovation with a list of all locations of the crypto kiosks that the operator owns, operates or manages in California. Other state agencies may propose and adopt new regulations (or interpret existing regulations) in ways that could result in significant adverse changes in the regulatory landscape for cryptocurrencies, regardless of whether these or other new laws are adopted. The Company's financial performance and ability to achieve its business objectives may be significantly impacted by the outcome of ongoing regulatory discussions and potential changes in the regulatory framework governing cryptocurrencies in California and in other states that have passed, or may pass, similar legislation. These uncertainties have resulted in lower revenue and may continue to result in lower revenue and margin, increased compliance costs, operational restrictions, or limitations on the Company's ability to expand its services or enter new markets. Compliance with current and proposed legislation that has not yet been published may be more challenging and costly than anticipated. In addition, the Company's ability to obtain and maintain the necessary licenses, permits, and approvals from state regulatory authorities is subject to various factors beyond its control, including changes in laws, regulations, or interpretations thereof. Failure to comply with these requirements may result in penalties, fines, or even the suspension or termination of the Company's operations in the state.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	(2) Basis of Presentation and Summary of Significant Accounting Policies (a) Basis of Presentation Unaudited Interim Financial Statements The unaudited interim consolidated financial statements have been prepared in accordance with U.S. GAAP and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) with respect to interim reporting. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company as of December 31, 2023 on Form 10-K, filed with the SEC on April 15, 2024. The Company has included all normal recurring items and adjustments necessary for a fair presentation of the results of the interim period. The Company’s interim unaudited consolidated financial statements are not necessarily indicative of results that may be expected for any other interim period or for the full year. The Company consolidates business enterprises that it controls by ownership of a majority voting interest. However, there are situations in which consolidation is required even though the usual condition of consolidation (ownership of a majority voting interest) does not apply. An enterprise must consolidate a Variable Interest Entity (“VIE”) if it is determined to be the primary beneficiary of the VIE. The primary beneficiary has both (a) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance, and (b) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company consolidates all entities that it controls by ownership of a majority voting interest as well as VIEs for which the Company is the primary beneficiary. The consolidated financial statements of the Company include the accounts of Bitcoin Depot Inc. and its controlled subsidiaries: BT HoldCo, Bitcoin Depot Operating, LLC, Mintz Assets, Inc., Express Vending, Inc., Intuitive Software, LLC, Digital Gold Ventures, Inc. (“Digital Gold”), and BitAccess Inc. BT HoldCo is a holding company with ownership of Bitcoin Depot Operating, LLC. Bitcoin Depot Operating, LLC is a holding company with ownership of Mintz Assets, Inc. and Intuitive Software, LLC. Mintz Assets, Inc. is a holding company that holds the ownership of Express Vending, Inc. Express Vending, Inc. is a Canadian corporation whose business activities include owning and operating a network of BTM kiosks in Canada. Intuitive Software, LLC is a holding company that holds an 82.14 % equity interest (through its ownership of Digital Gold) in BitAccess Inc., a Canadian corporation. The non-controlling interests held by investors directly in BT HoldCo and BitAccess are presented separately as further discussed in Note 10. Intercompany balances and transactions have been eliminated in consolidation. Reverse Recapitalization GSR II Meteora Acquisition Corp. (“GSRM”) was a blank check company incorporated as a Delaware corporation on October 14, 2021, for the purpose of effecting a merger or similar business combination with one or more businesses. On March 1, 2022, GSRM consummated its Initial Public Offering (“IPO”). On August 24, 2022, GSRM entered into a Transaction Agreement, as subsequently amended (the “Transaction Agreement”), by and among GSRM, GSR II Meteora Sponsor LLC (the “Sponsor”), Lux Vending, LLC (dba Bitcoin Depot) (“Legacy Bitcoin Depot”) and BT Assets, Inc. (“BT Assets”) (the “Transaction Agreement”). Prior to the events contemplated in the Transaction Agreement (collectively, the "Merger"), BT Assets was the sole owner and member in Legacy Bitcoin Depot (the "Member"). On June 30, 2023 (the “Closing Date”), Legacy Bitcoin Depot merged with and into Bitcoin Depot Operating LLC (“BT OpCo”), with BT OpCo surviving the Merger as the post-transaction operating company owned solely by a newly formed entity, BT HoldCo, LLC (“BT HoldCo”) with common units (the “BT HoldCo Common Units”), preferred units (the “BT HoldCo Preferred Units”) and earnout units (the “BT HoldCo Earnout Units”) outstanding and issued to BT Assets. In connection with the Merger, GSRM changed its name to Bitcoin Depot Inc., purchased BT HoldCo Common Units owned by BT Assets and was issued BT HoldCo Earnout Units and warrants to purchase a number of BT HoldCo Common Units equal to the number of shares of Class A common stock that may be purchased upon the exercise in full of all Warrants outstanding immediately after Closing (“BT HoldCo Matching Warrants”). The former owners of Legacy Bitcoin Depot (i.e., BT Assets and the owners thereof) were issued 44,100,000 non-economic, super voting shares of Class V common stock in Bitcoin Depot. The Class V common stock held by BT Assets corresponds to units held by BT Assets in BT HoldCo and represents non-controlling interests in the Company, as described in Note 10. Following the closing of the Merger, the Company is organized under an “Up-C” structure in which the business of the Company is operated by BT HoldCo and its subsidiaries, and Bitcoin Depot’s only material direct asset consists of equity interests in BT HoldCo. At June 30, 2023, the Company had issued and outstanding 12,358,691 common units, 4,300,000 Series A Preferred Units and 43,848,750 warrants in BT HoldCo. Also at June 30, 2023, BT Assets owned 41,200,000 common units, 2,900,000 Founder Preferred Units, 5,000,000 Class 1 Earnout Units, 5,000,000 Class 2 Earnout Units and 5,000,000 Class 3 Earnout Units in BT HoldCo. Notwithstanding the legal form of the Merger pursuant to the Transaction Agreement, the Merger was accounted for as a reverse recapitalization. The Merger was accounted for as a common control transaction and reverse recapitalization in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”), as BT Assets controls BT OpCo both before and after the transactions. Legacy Bitcoin Depot is determined to be the predecessor and represents a continuation of BT OpCo’s balance sheet and consolidated statement of (loss) income and comprehensive (loss) income, reflective of the recapitalization of the Merger. As a result of the reverse capitalization accounting, the assets and liabilities of Legacy Bitcoin Depot are reflected by the Company at their historical cost with no additional goodwill or intangible assets recorded, accompanied by a recapitalization of the equity structure. In connection with the Merger, the Company’s Class A common stock is now listed on the National Association of Securities of Dealers Automated Quotations (“Nasdaq”) under the symbol BTM and the Warrants to purchase the Class A common stock are listed on the Nasdaq under the symbol BTMWW in lieu of the GSRM Ordinary Shares and GSRM’s warrants, respectively. GSRM’s units automatically separated into the GSRM’s Ordinary Shares and GSRM’s warrants and ceased trading separately on the Nasdaq following the Closing Date. Prior to the Merger, GSRM neither engaged in any operations nor generated any revenue. Until the Merger, based on GSRM’s business activities, it was a shell company as defined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The consolidated assets, liabilities and results of operations prior to the Merger reflect those of Legacy Bitcoin Depot, which represents the predecessor of the Company. All such references to the Company for periods prior to the Merger refer to the activity of Lux Vending, LLC. In connection with the Merger, the Company became the sole managing member of BT HoldCo, which holds all of the Company’s operating subsidiaries, and has the sole authority to make the key operating decisions on behalf of BT HoldCo. As such, the Company determined that BT HoldCo is a VIE and the Company is the primary beneficiary. Accordingly, these consolidated financial statements include the assets, liabilities and results of operations of BT HoldCo. (b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates are used for, but not limited to, valuation of current and deferred income taxes, the determination of the useful lives of property and equipment, recoverability of intangible assets and goodwill, fair value of long-term debt, present value of lease liabilities and right-of-use assets, assumptions and inputs for fair value measurements used in business combinations, impairments of cryptocurrencies, share-based compensation and contingencies, including liabilities that the Company deems are not probable of assertion. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from these estimates. (c) Concentration of Credit Risk Arising from Cash Deposits in Excess of Insured Limits The Company maintains cash in established U.S. and Canadian financial institutions that often will exceed federally insured limits. The Company has not experienced any losses in such accounts that are maintained at the financial institutions. The Company maintains cash balances in its BTMs and in fiat wallets with cryptocurrency exchanges to facilitate the purchase and sale of cryptocurrencies. The cash balances in the BTMs are insured up to a specified limit. From time to time, the Company’s cash balance in the BTMs exceeds such limits. The Company had cash balances of $ 12.5 million and $ 12.2 million in BTMs at June 30, 2024 and December 31, 2023, respectively. Cash maintained in fiat wallets with cryptocurrency exchanges is not insured. The Company had $ 0.1 million in cash with cryptocurrency exchanges as of June 30, 2024 and December 31, 2023. A significant customer concentration is defined as one from whom at least 10 % of revenue is derived. The Company had no significant customer concentration for the three and six months ended June 30, 2024 and 2023. (d) Cash and Cash Equivalents Cash and cash equivalents includes cash maintained at various financial institutions, cryptocurrency exchanges, and in BTMs owned and leased by the Company. Cash in transit consists of cash that is picked up by armored truck companies from the Company’s BTM machines but not yet deposited in the Company’s bank accounts. As of June 30, 2024 and December 31, 2023, the Company had cash in transit of $ 5.8 million and $ 5.3 million, respectively. Management evaluates cash in transit based on outstanding cash deposits on cash picked up by the armored truck companies, historical cash deposits and cash that is lost during transit, which is immaterial. The armored truck companies maintain insurance over theft and losses. (e) Cryptocurrencies Cryptocurrencies are a unit of account that function as a medium of exchange on a respective blockchain network, a digital and decentralized ledger that keeps a record of all transactions that take place across a peer-to-peer network. The Company primarily purchases cryptocurrencies to sell to customers. The Company’s cryptocurrencies consisted primarily of Bitcoin (“BTC”) as of and for the three and six months ended June 30, 2024 and for the year ended December 31, 2023. The Company accounts for cryptocurrencies as indefinite-lived intangible assets in accordance with Accounting Standards Codification (“ASC”) 350, Intangibles - Goodwill and Other , and they are recorded on the Company’s consolidated Balance Sheets at cost, less any impairments. The Company has control and ownership of its cryptocurrencies which are stored in both the Company’s proprietary hot wallets and hot wallets hosted by a third-party, BitGo, Inc. The primary purpose of the Company’s operations is to buy and sell Bitcoin using the BTM kiosk network and other services. The Company does not engage in broker-dealer activities. The Company uses various exchanges and liquidity providers to purchase, liquidate and manage its cryptocurrency positions; however, this does not impact the accounting for these assets as intangible assets. In June 2024, the Company announced plans to allocate a portion of its cash reserves to Bitcoin. As of June 30, 2024, the Company had Bitcoin with an adjusted cost basis of $ 0.1 million allocated to its treasury strategy within Cryptocurrencies on its Consolidated Balance Sheets. Crypto Custody Asset and Safeguarding Liability In accordance with Staff Accounting Bulletin 121 (SAB 121), the Company determined that it has a safeguarding obligation with respect to cryptocurrencies held in third-party operator wallets and in a shared wallet with one of its liquidity providers. The Company has certain obligations to safeguard these assets and/or private keys from loss, theft, or other misuse. The Company has adopted measures to safeguard crypto assets it secures, including establishing security around private key management to minimize the risk of theft or loss. The Company measures the safeguarding obligation liability initially and subsequently at the fair value of the digital asset per the principal market in accordance with ASC 820, Fair Value Measurement , at midnight UTC on the last day of the reporting period. The custody asset is measured in the same manner, however, the carrying amount may be adjusted to reflect any actual or potential safeguarding loss events, such as those resulting from fraud or theft. Impairment Because the Company’s cryptocurrencies are accounted for as indefinite-lived intangible assets, the cryptocurrencies are tested for impairment annually or more frequently if events or changes in circumstances indicate it is more likely than not that the asset is impaired in accordance with ASC 350. The Company has determined that a decline in the quoted market price below the carrying value at any time during the assessed period is viewed as an impairment indicator because the cryptocurrencies are traded in active markets where there are observable prices. Therefore, the fair value is used to assess whether an impairment loss should be recorded. If the fair value of the cryptocurrency decreases below the initial cost basis or the carrying value during the assessed period, an impairment charge is recognized at that time in cost of revenue (excluding depreciation and amortization). After an impairment loss is recognized, the adjusted carrying amount of the cryptocurrency becomes its new accounting basis and this new cost basis will not be adjusted upward for any subsequent increase in fair value. For purposes of measuring impairment on its cryptocurrencies, the Company determines the fair value of its cryptocurrency on a non-recurring basis in accordance with ASC 820, Fair Value Measurement, based on quoted (unadjusted) prices on an active exchange in the United States that the Company has determined is its principal market (Level 1 inputs). The Company purchases cryptocurrencies, which are held in the Company’s hot wallets, on a just-in-time basis to facilitate sales to customers and mitigate exposure to volatility in cryptocurrency prices. The Company sells its cryptocurrencies to its customers from its BTM kiosks and BDCheckout locations in exchange for cash, for a prescribed transaction fee applied to the current market price of the cryptocurrency at the time of the transaction, plus a predetermined markup. When the cryptocurrency is sold to customers, the Company relieves the adjusted cost basis of its cryptocurrency, net of impairments, on a first-in, first-out basis within cost of revenue (excluding depreciation and amortization). The Company also allocates a portion of its cash reserves to Bitcoin. If the fair value of the cryptocurrency decreases below the initial cost basis or the carrying value during the period, an impairment charge is recognized at that time. After an impairment loss is recognized, the adjusted carrying amount of the cryptocurrency becomes its new accounting basis and will not be adjusted upward for any subsequent increase in fair value. The related cash flows from purchases and sales of cryptocurrencies are presented as cash flows from operating activities on the Consolidated Statements of Cash Flows. See Notes 2(i) and 2(j) to the consolidated financial statements for further information regarding the Company’s revenue recognition and cost of revenue related to the Company’s cryptocurrencies. (f) Property and Equipment Property and equipment are stated at cost, less accumulated depreciation. Finance leases are stated at the present value of the future minimum lease payments, less accumulated depreciation. Expenditures for maintenance and repairs are expensed as incurred. The cost of assets sold, retired, or otherwise disposed of, and the related accumulated depreciation are eliminated from their respective accounts and any resulting gain or loss is recognized in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income upon disposition. Depreciation of property and equipment is determined using the straight-line method over the estimated useful lives of the assets, which are as follows: Furniture and fixtures 7 years Leasehold improvements Lesser of estimated useful life or life of the lease Kiosk machines - owned 5 years Kiosk machines - leased 2 - 5 years Vehicles 5 years Depreciation expense for the six months ended June 30, 2024 and 2023 totaled $ 5.2 million, and $ 5.5 million, respectively. Depreciation expense for the three months ended June 30, 2024 and 2023 totaled $ 2.6 million and $ 3.1 million, respectively. (g) Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be fully recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset group to its fair value, which is normally determined through analysis of the future net cash flows expected to be generated by the asset group. If such asset group is considered to be impaired, the impairment to be recognized is measured by the amount that the carrying amount of the asset group exceeds the fair value of the asset group. There were no impairments of long-lived assets for the three and six months ended June 30, 2024 and 2023. (h) Goodwill and Intangible Assets, net Goodwill represents the excess of the consideration transferred over the estimated fair value of the acquired assets, assumed liabilities, and any non-controlling interest in the acquired entity in a business combination. The Company tests for impairment at least annually, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. The Company performs their annual test for impairment as of December 31 at the reporting unit level. There was no impairment of goodwill for the three and six months ended June 30, 2024 and 2023. Intangible assets, net consists of tradenames, customer relationships, and software applications. Intangible assets with finite lives are amortized over their estimated lives and evaluated for impairment when an event or change in circumstances occurs that warrants such a review. Management periodically evaluates whether changes to estimated useful lives of intangible assets are necessary to ensure its estimates accurately reflect the economic use of the related intangible assets. (i) Revenue Recognition BTM Kiosks and BDCheckout Revenue is principally derived from the sale of cryptocurrencies at the point-of-sale on transactions initiated by customers. These customer-initiated transactions are governed by terms and conditions agreed to at the time of each point-of-sale transaction and do not extend beyond the transaction. The Company charges a fee at the transaction level. The transaction price for the customer is the price of the cryptocurrency, which is based on the exchange value at the time of the transaction, plus a markup, and a flat fee. The exchange value is determined using real-time exchange prices and the markup percentage is determined by the Company and depends on the current market, competition, the geography of the location of the sale, and the method of purchase. The Company’s revenue from contracts with customers is principally comprised of a single performance obligation to provide cryptocurrencies when customers buy cryptocurrencies at a BTM kiosk or through BDCheckout. BDCheckout sales are similar to sales from BTM kiosks in that, customers buy cryptocurrencies with cash; however, the BDCheckout transactions are completed at the checkout counter of retail locations, initiated using the Bitcoin Depot mobile app instead of through the BTM kiosks. Regardless of the method by which the customer purchases the cryptocurrency, the Company considers its performance obligation satisfied when control of the cryptocurrency is transferred to the customer, which is at the point in time the cryptocurrency is transferred to the customer’s cryptocurrency wallet and the transaction validated on the blockchain. The typical process time for our transactions with customers is 30 minutes or less. Contract liabilities are amounts received from customers in advance of the Company transferring the cryptocurrencies to the customer’s wallet and the transaction validated on the blockchain. Contract liabilities are presented in “Deferred revenue” on the consolidated balance sheets and are not material as of June 30, 2024 and December 31, 2023. Judgment is required in determining whether the Company is the principal or the agent in transactions with customers. The Company evaluates the presentation of revenue on a gross or net basis based on whether it controls the cryptocurrency before control is transferred to the customer (gross) or whether it acts as an agent by arranging for other customers on the platform to provide the cryptocurrency to the customer (net). The Company controls the cryptocurrency before it is transferred to the customer, has ownership risk related to the cryptocurrency (including market price volatility), sets the transaction fee to be charged, and is responsible for transferring the cryptocurrency to the customer upon purchase. Therefore, the Company is the principal in transactions with customers and presents revenue and cost of revenue (excluding depreciation and amortization) from the sale of cryptocurrencies on a gross basis. (j) Cost of Revenue (excluding depreciation and amortization) The Company’s cost of revenue consists primarily of direct costs related to selling cryptocurrencies and operating the Company’s network of BTM kiosks. The cost of revenue (excluding depreciation and amortization) caption includes cryptocurrency expenses, floorspace lease expenses, and kiosk operations expenses. Cryptocurrency expenses Cryptocurrency expenses include the cost of cryptocurrencies, fees paid to obtain cryptocurrencies, impairment of cryptocurrencies, gains on sales of cryptocurrencies on exchange, fees paid to operate the software on the BTM kiosks, and fees paid to transfer cryptocurrencies to customers. Floorspace lease expenses Floorspace lease expenses include lease expense for floorspace leases related to the placement of BTM kiosks. Kiosk Operations expenses Kiosk operations expenses include the cost of kiosk repair and maintenance and the cost of armored trucks to collect and transport cash deposited into the BTM kiosks. The Company presents cost of revenue in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income exclusive of depreciation related to BTM kiosks and amortization of intangible assets related to software applications, tradenames and customer relationships. (k) Advertising The Company expenses advertising costs as incurred. Advertising expenses were $ 3.3 million and $ 2.6 million for the six months ended June 30, 2024 and 2023, respectively. Advertising expense for the three months ended June 30, 2024 and 2023 were $ 1.6 million and $ 1.5 million, respectively. Amounts are included in selling, general and administrative expenses in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income. (l) Foreign Currency The functional currency of the Company is the USD. The functional currency of Express Vending, Inc. is the Canadian Dollar. All revenue, cost and expense accounts are translated at an average of exchange rates in effect during the period. Assets and liabilities recorded in foreign currencies are translated at the exchange rate as of the balance sheet date. The resulting translation adjustments are recorded as a separate component of Stockholders’ Equity, identified as accumulated other comprehensive loss. (m) Income Taxes Bitcoin Depot Inc. is treated as a corporation for federal income tax purposes. BT HoldCo is treated as a partnership for federal income tax purposes. Bitcoin Depot Operating, LLC is a single-member limited liability company and owned by BT HoldCo and with the consent of BT HoldCo, has elected under the Internal Revenue Code and similar state statutes to be a disregarded entity. In lieu of federal corporate income taxes, Bitcoin Depot Operating, LLC reflects its operating results on BT HoldCo’s federal tax return as a division of the partnership. As such, there were no federal income taxes for these entities. Mintz Assets, Inc., is treated as a corporation for federal income tax purposes. Intuitive Software, LLC., and its wholly owned subsidiary, Digital Gold, are treated as corporations for federal income tax purposes. BitAccess Inc., and Express Vending, Inc., are each taxed as Canadian corporations. For the six months ended June 30, 2024 and 2023, there was no activity for Mintz Assets, Inc., Intuitive Software, LLC and Digital Gold. As such, there were no federal income taxes for these entities. Deferred taxes are recognized for future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax basis and net operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of any tax rate change on deferred taxes is recognized in the period that includes the enactment date of the tax rate change. Realization of deferred tax assets is assessed on an annual basis and, unless a deferred tax asset is more likely than not to be utilized, a valuation allowance is recorded to write down the deferred tax assets to their net realizable value. In assessing the realizability of deferred income tax assets, management considers whether it is more-likely-than-not that some portion or all of the deferred income tax assets will be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those deductible temporary differences reverse. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. For uncertain income tax positions, the Company uses a more-likely-than-not recognition threshold based on the technical merits of the income tax position taken. Income tax positions that meet the more-likely-than-not recognition threshold are measured in order to determine the tax benefit recognized in the financial statements. The Company recognizes accrued interest related to unrecognized tax benefits as part of income tax expense. Penalties, if incurred, are recognized as a component of income tax expense. (n) Fair Value of Financial Instruments Certain assets and liabilities are reported or disclosed at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the Company’s principal market for such transactions. If the Company has not established a principal market for such transactions, fair value is determined based on the most advantageous market. The Company uses a three-level hierarchy that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques. The three levels of the fair value hierarchy are described below: • Level 1: Quoted (unadjusted) prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. • Level 2: Inputs other than quoted prices that are either directly or indirectly observable, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3: Inputs that are generally unobservable, supported by little or no market activity, and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The categorization of an asset or liability within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The valuation techniques used by the Company when measuring fair value maximize the use of observable inputs and minimize the use of unobservable inputs. (o) Share-Based Compensation BitAccess The Company maintains an equity award plan under which the officers and employees of BitAccess were awarded various types of share-based compensation, including options to purchase shares of BitAccess’ common stock and restricted stock units. For stock options, share-based compensation expense is based on the fair value of the awards on the date of grant, as estimated using the Black-Scholes option pricing model. The model requires management to make a number of assumptions, including the fair value and expected volatility of BitAccess' underlying BitAccess common stock price, expected life of the option, risk-free interest rate, and expected dividend yield. The fair value of the underlying stock is the estimated fair value of BitAccess common stock on the date of grant. The expected stock price volatility assumption for BitAccess' stock is determined by using a weighted average of the historical stock price volatility of comparable companies from a representative peer group, as BitAccess stock is not actively traded. The Company uses historical exercise information and contractual terms of options to estimate the expected term. The risk-free interest rate for periods within the expected life of the option is based on the U.S. Treasury zero coupon bonds with terms consistent with the expected term of the award at the time of grant. The expected dividend yield assumption is based on BitAccess’ history and expectation of no dividend payouts. 2023 Omnibus Incentive Plan In conjunction with the close of the Merger the Company established the Bitcoin Depot Inc. 2023 Omnibus Incentive Plan (the “Incentive Plan”) under which officers, directors, and employees may be awarded various types of share-based compensation, including but not limited to, restricted stock, stock options, and restricted stock units. Under the Incentive Plan, the Company has granted time-based and issued performance-based restricted stock units ("RSUs"). The Company recognizes compensation expense for the RSUs in accordance with ASC 718 - Compensation - Stock Compensation , ("ASC 718"). For RSUs, share-based compensation expense is based on the fair value of the Company’s Class A common stock at the closing price on the day before the date of grant. Share-based compensation expense associated with time-based RSUs is recognized on a straight-line basis over the award’s requisite service period (generally the vesting period). Share-based compensation expense associated with performance-based RSUs is determined based on the number of performance-based RSUs that are earned based on the Company's achievement of certain adjusted EBITDA targets that are determined and approved by the Company's Compensation Committee at its sole discretion. Forfeitures of awards granted under the Incentive Plan are accou

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	(3) Recent Accounting Pronouncements Accounting Pronouncement Adopted In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,” which requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination as if the acquiring entity had originated the contracts. The standard is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The Company adopted this accounting standard effective January 1, 2023 with no impact on the consolidated financial statements. In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,” which clarifies that contractual sale restrictions are not considered in measuring fair value of equity securities and requires additional disclosures for equity securities subject to contractual sale restrictions. The standard is effective for public companies for fiscal years beginning after December 15, 2023. Early adoption is permitted. The Company adopted this accounting standard effective January 1, 2024 with no material impact on the consolidated financial statements. Accounting Pronouncement Pending Adoption In October 2023, the FASB issued ASU 2023-06 " Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosures Update and Simplification Initiative ". The guidance amends certain disclosure and presentation requirements related to the statement of cash flows, accounting changes and error corrections, earnings per share, interim reporting, commitments, debt, equity, derivatives, transfers and services and various industry specific guidance. For entities subject to the SEC's existing disclosure requirements, the effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective. However, if by June 30, 2027, the SEC has not removed the existing disclosure requirements, the amendments will not become effective. Early adoption is not permitted. The Company is still assessing the impacts to its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07 " Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ". The amendments require entities to disclose significant segment expenses impacting profit and loss that are regularly provided to the chief operating decision maker. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. The update is required to be applied retrospectively to prior periods presented, based on the significant segment expense categories identified and disclosed in the period of adoption. The amendments are required to be adopted for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 with early adoption permitted. The Company is still assessing the impacts to its consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09 " Improvements to Income Tax Disclosures (Topic 740) ". The ASU requires companies to break out their income tax expense, income tax rate reconciliation and income tax payments made in more detail. For public companies, the requirements will become effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is still assessing the impacts to its consolidated financial statements. In December 2023, the FASB issued ASU 2023-08 " Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60) Accounting for and Disclosure of Crypto Assets ". ASU 2023-08 will require entities to measure crypto assets that meet the scope criteria at fair value and to reflect changes in fair value in net income each reporting period. The amendments in ASU 2023-08 will also require entities to present crypto assets measured at fair value separately from other intangible assets on the balance sheet and changes in the fair value measurement of crypto assets separately from changes in the carrying amounts of other intangible assets on the income statement. The amendments in the ASU are effective for all entities for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company is still assessing the impacts to its consolidated financial statements.

Merger

Merger	6 Months Ended
	Jun. 30, 2024
Merger [Abstract]
Merger	(4) Merger For accounting purposes, the Merger was treated as the equivalent of Bitcoin Depot issuing stock for the net assets of GSRM accompanied by a recapitalization. The following summarizes the elements of the Merger to the consolidated Statement of Cash flows, including the transaction funding, sources and uses of cash (in thousands): Recapitalization Cash - GSR II Meteora Acquisition Corp Trust $ 332,102 Less: GSRM transactions cost paid from Trust (1) ( 25,958 ) Less: Purchase of BT HoldCo common units from BT Assets ( 10,066 ) Less: Redemptions of existing shareholders of GSRM ( 292,735 ) Net proceeds from SPAC shareholders 3,343 Assumed net liabilities from GSRM, excluding net cash proceeds ( 6,847 ) Net Impact of the Merger on the Statement of Changes in Stockholders' Equity $ ( 3,504 ) (1) Includes the following: Transaction costs paid from SPAC trust account include $ 18.7 million of non-redemption payments, $ 4.9 million of other transaction-related expenses and $ 2.4 million of franchise and income taxes, all of which were recorded by GSRM. PIPE Financing On June 23, 2023, GSRM entered into a private placement agreement with certain subscribers (“Subscribers”). Concurrently with the closing of the Merger, the Subscribers purchased 4,300,000 shares of Series A Preferred Stock in exchange for a subscription receivable (“Subscription Receivable”). The terms of the Subscription Receivable provide that the Subscribers would pay a purchase price of up to $ 43.3 million if the trading price of the Company’s Class A common stock exceeded certain hurdle prices ranging from $ 10.50 to $ 11.39 per share over the period from September 2023 through February 2024 (or April 2024 if the Company elected certain extensions). The price paid by the Subscribers would be reduced if the trading price did not exceed the hurdle price and, if the Class A common stock trading price declined to zero , could have resulted in the Company making a cash payment to the Subscribers of up to $ 10.9 million (or $ 12.1 million if the Company elected to extend the observation period). For purposes of settlement payments under the Subscription Receivable, the notional amount of 5,000,000 shares consisted of (a) the 4,300,000 shares of Series A Preferred Stock sold at the closing of the Merger, and (b) 700,000 shares of Class A common stock that were held by the Subscribers prior to the consummation of the Merger. The Subscribers also entered into non-redemption agreements with the Company and received additional shares of Class A common stock in exchange for their commitments not to redeem in connection with the Merger. See the discussion below under GSRM Share Issuance for further information. The Series A Preferred Stock issued to the Subscribers was recorded in stockholders' equity at a fair value of approximately $ 13.9 million based on the price of the Company's Class A common stock as the Series A Preferred Stock are convertible at any time by the Subscribers on a 1:1 basis. The Subscription Receivable represented a hybrid financial instrument comprising a subscription receivable and a compound embedded derivative. The host subscription receivable was recognized at fair value as a reduction in stockholders’ equity. The embedded derivative represented a net cash settled forward contract with a value that is indexed to the trading price of the Company’s Class A common stock and was bifurcated pursuant to subtopic ASC 815-15 Embedded derivatives, and was initially recorded as a liability at de minimus fair value at inception, with changes in fair value recognized in earnings. On October 11, 2023, the PIPE Agreement was settled with the Subscribers for de minimus consideration. The effects of the settlement resulted in the elimination of the Subscription Receivable and the embedded derivative liability. For the three and six months ended June 30, 2023, the Company recognized approximately $ 9.2 million in expenses related to the agreement which includes $ 0.9 million of cash fees and is included within other (expense) income on the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss). Non-Redemption Agreements Prior to the Merger, GSRM entered into voting and non-redemption agreements (“Voting and Non-Redemption Agreements”) with unaffiliated third parties (“Non-Redeeming Stockholders”) in exchange for such Non-Redeeming Stockholders, including the Subscribers referenced above, agreeing to either not redeem or to reverse any previously submitted redemption request with respect to an aggregate of 6,833,000 shares of the Company’s Class A common stock sold in its initial public offering (“Non-Redeemed Shares”) and to allow the Company, without another stockholder vote, to further extend the date to consummate an initial business combination on a monthly basis up to eight times by an additional one month each time after July 1, 2023 (each one month extension, a “Monthly Extension”), until March 1, 2024 , unless the closing of an initial business combination shall have occurred prior thereto (the “Extension”). As noted above the Merger closed on June 30, 2023. GSRM Share Issuance In exchange for the foregoing commitments not to redeem such Non-Redeemed Shares, GSRM had agreed to issue to the Non-Redeeming Stockholders an aggregate of 68,330 shares (“Commitment Shares”) (representing 1 % of the Non-Redeemed Shares) of the Company’s Class A common stock. The Non-Redeeming Stockholders also received 136,660 shares (“Extension Shares”) of the Company’s Class A common stock in connection with the initial extension. Additionally, a backstop fee was paid immediately upon closing of the Merger, which was paid to all Non-Redeeming Stockholders, except for one investor, to which the Company paid the backstop fee in the form of 454,350 shares of the Company’s Class A common stock. In total, the Company issued 659,340 shares of Class A common stock at the closing of the Merger and $ 18.7 million of cash was paid out of the SPAC trust account proceeds. The cash paid by GSRM to Non-Redeeming Stockholders of $ 18.7 million reduced GSRM’s trust account balance at closing of the Merger. In connection with the reverse recapitalization, the Company recorded the remaining trust account balance and other net liabilities as an adjustment to accumulated deficit on the consolidated Balance Sheet and Statement of Changes in Stockholders’ Equity. The expenses related to the Non-Redemption Agreements and the SPAC Share Issuance described above have been recognized in the GSRM Statement of Operations as these transactions occurred prior to the Merger.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	(5) Related Party Transactions During the six months ended June 30, 2023 , Legacy Bitcoin Depot distributed to BT Assets 112.4 Litecoin ("LTC") and 7.5 Ethereum ("ETH") with a total cost basis of $ 0.02 million. Total cash distributions made to BT Assets during the three months ended June 30, 2024 and 2023 were $ 6.8 million and $ 12.2 million, respectively. Total cash distributions made to BT Assets during the six months ended June 30, 2024 and 2023 were $ 7.7 million and $ 12.7 million, respectively. Cash distributions are classified as cash outflows from financing activities in the Consolidated Statements of Cash Flo ws. The total cash and non-cash distributions are reflected in the Consolidated Statement of Changes in Stockholders’ Equity and the Consolidated Statement of Changes in Member's Equity. Based on the Operating Agreement distributions made after the closing of the Merger are considered tax distributions. At the closing of the Merger, the Company entered into a Tax Receivable Agreement with BT HoldCo and BT Assets. Pursuant to the Tax Receivable Agreement, the Company is generally required to pay BT Assets 85 % of the amount of savings, if any, in U.S. federal, state, local, and foreign income taxes that we realize, or in certain circumstances are deemed to realize. See Note 15. Income Taxes for further discussion. In connection with the closing of the Merger, the Company entered into separate indemnification agreements with its directors and executive officers. These agreements, among other things, require the Company to indemnify its directors and executive officers for certain costs, charges and expenses, including attorneys’ fees, judgments, fines and settlement amounts, reasonably incurred by a director or executive officer in any action or proceeding because of their association with the Company or any of its subsidiaries. No amounts have been recognized related to these agreements as of June 30, 2024. Sopris Capital transactions Class A Common purchase During the three months ended June 30, 2024, Sopris Capital ("Sopris") acquired 2,906,976 Class A common shares for $ 5.0 million from the Company. As part of this transaction, BT Assets exchanged 2,906,976 Class V common shares representing approximately 16.8 % of the Class A Common shares outstanding and received $ 5.0 million. The exchange resulted in $ 0.5 million Re-Capitalization between the Non-Controlling Interest and the PubCo Shareholders which is reflected in the Consolidated Statement of Changes in Stockholders' Equity. See Note (14) Common Stock, Preferred Stock and Stockholders’ Equity for additional discussion regarding this exchange. Prior to this exchange, this party was an unaffiliated entity. Franchise profit share program During the three months ended June 30, 2024, the Company entered into a kiosk profit share franchise agreement with Sopris. Under the terms of the Agreement, Sopris receives a shar e in the profits generated by a group of specifically identified 50 kiosks for a period of 5 years for total consideration of $ 0.6 million. As a result of the consideration received up front, the Company's determined this arrangement is treated u nder ASC 470, Debt . The upfront payment was recognized as long term liability on the Consolidated Balance Sheets. As the Company makes payments under this arrangement a portion of the payment is considered a repayment of principal and interest expense.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	(6) Revenue Revenue disaggregated by revenue stream is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 BTM Kiosks $ 162,291 $ 196,916 $ 300,067 $ 359,942 BDCheckout 186 241 396 601 Company Website 187 89 548 168 Software Services 127 150 263 288 Hardware Revenue 275 78 331 78 Total Revenue $ 163,066 $ 197,474 $ 301,605 $ 361,077

Cost of Revenue

Cost of Revenue	6 Months Ended
	Jun. 30, 2024
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization [Abstract]
Cost of Revenue	(7) Cost of Revenue (Excluding Depreciation and Amortization) Cost of Revenue (excluding depreciation and amortization) is comprised of expenses associated with the selling of cryptocurrencies and operating the Company’s BTM kiosks, excluding depreciation and amortization. The following table presents cost of revenue (excluding depreciation and amortization) by category (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cryptocurrency expenses $ 121,759 $ 153,193 $ 230,223 $ 280,854 Floorspace lease expenses 9,120 8,749 17,656 17,782 Kiosk operations expenses 5,829 5,300 10,116 9,907 Total Cost of Revenue (excluding depreciation and amortization reported separately) $ 136,708 $ 167,242 $ 257,995 $ 308,543 The following table presents the components of cryptocurrency expenses (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of Cryptocurrency (1) - BTM Kiosk $ 121,252 $ 152,783 $ 229,309 $ 279,874 Cost of Cryptocurrency (1) - BDCheckout 159 206 339 515 Software Processing Fees 38 54 45 259 Exchange Fees — 2 — 20 Mining Fees 307 144 525 177 Software Processing Fee - BDCheckout 3 4 5 9 Total cryptocurrency expenses $ 121,759 $ 153,193 $ 230,223 $ 280,854 (1) Cost of Cryptocurrency includes impairment losses recognized on cryptocurrencies net of any gains recognized from sales of cryptocurrencies on an exchange . Impairment of $ 2.0 million and $ 2.4 million were offset by gains from the sale of cryptocurrencies on exchange of $ 0.0 million and $ 0.1 million for the three months ended June 30, 2024 and 2023, respectively. Impairment of $ 4.1 million and $ 4.6 million were offset by gains from the sale of cryptocurrencies on exchange of $ 0.0 million and $ 0.1 million for the six months ended June 30, 2024 and 2023. The Company presents cost of revenue in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income exclusive of depreciation related to BTM kiosks and amortization of intangible assets related to software applications, tradenames and customer relationships. The following table reconciles amounts excluded from the cost of revenue (excluding depreciation and amortization) caption in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income included in total depreciation and amortization expense in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income for the period presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Depreciation of owned BTM kiosks $ 1,293 $ 193 $ 2,535 $ 875 Depreciation of leased BTM kiosks 1,328 2,852 2,589 4,514 Amortization of intangible assets 355 378 733 752 Total depreciation and amortization excluded from cost of revenue $ 2,976 $ 3,423 $ 5,857 $ 6,141 Other depreciation and amortization included in operating expenses 16 76 82 154 Total depreciation and amortization $ 2,992 $ 3,499 $ 5,939 $ 6,295

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	(8) Fair Value Measurements Contingent consideration The following table presents the changes in the estimated fair value and level of the contingent consideration liability (in thousands): Beginning balance - January 1, 2023 $ 1,841 Change in fair value during the period 69 Payment made during the period — Balance - March 31, 2023 1,910 Change in fair value during the period 73 Payment made during the period — Balance - June 30, 2023 1,983 Change in fair value during the period 17 Payment made during the period ( 2,000 ) Ending balance - December 31, 2023 $ — Contingent consideration related to the BitAccess acquisition in July 2021 was measured at the probability-weighted fair value at the date of acquisition, which was estimated by applying an income valuation approach based on Level 3 inputs consisting primarily of a discount rate and probability of achieving the performance metrics. During the year-ended December 31, 2022, the Company made the first year payment of $ 2.0 million to the former owners of BitAccess as the performance conditions were determined to have been met. In addition, the Company amended the contingent consideration arrangement to remove the performance conditions for the second year payment such that the full $ 2.0 million related to the second year payment would be paid out in accordance with the agreement on July 31, 2023. As a result of the change in the agreement, the contingent liability changed from Level 3 to Level 1, in accordance with ASC 820. The change in fair value of the contingent consideration is recognized in interest expense in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income for the six months ended June 30, 2023. The difference between the recorded fair value of the payments and the ultimate payment amounts was not material to any period. In July 2023, in accordance with the BitAccess acquisition agreement, the Company paid $ 2.0 million to settle the remaining contingent consideration. Assets and Liabilities Measured at Fair Value on a Non-recurring Basis The Company’s non-financial assets, such as goodwill, intangible assets, property and equipment and operating lease right-of-use assets are adjusted down to fair value when an impairment charge is recognized. Certain fair value measurements are based predominantly on Level 3 inputs. No impairment charges related to goodwill, intangible assets, operating lease right-of-use assets and property and equipment have been recognized for the six months ended June 30, 2024 and 2023. Assets and Liabilities Measured at Fair Value on a Recurring Basis The carrying value of the Company’s cryptocurrency reflects any impairment charges recorded since its purchase or receipt based on Level 1 inputs. The Company's safeguarding liability and corresponding asset are valued using quoted prices on the principal market which are Level 1 inputs. The Company was not aware of any actual or possible safeguarding loss events as of June 30, 2024 or December 31, 2023, and accordingly, the bitcoin safeguarding obligation liability and the corresponding asset were recorded at the same value. The fair value of the safeguarding asset and liability is recognized in Prepaid and other current assets and Accrued expenses and other current liabilities on the Consolidated Balance Sheets, see Note 8 and 9, respectively. Due to the change in fair values of the cryptocurrency and the variability of quantity held at each reporting period, the Company anticipates these balances could change significantly at the end of each reporting period. The carrying value of the notes payable related to the Company's franchise profit sharing arrangements was initially determined as the initial investment and is updated quarterly using a retrospective interest method. The effective interest rate used is determined based on actual and projected profit sharing payments which are generally unobservable inputs and are considered Level 3 fair value estimates. As of June 30, 2024, the estimated the carrying value and fair value of the notes payable related to the franchise profit sharing arrangements was approximately $ 3.8 million. Assets and Liabilities Not Measured and Recorded at Fair Value The Company considers the carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses in the consolidated financial statements to approximate fair value due to their short maturities. The Company estimates the fair value of its fixed-rated notes payable based on quoted prices in markets that are not active, which is considered a Level 2 valuation input. As of June 30, 2024, the estimated fair value of the fixed-rated notes was approximately $ 38.8 million and the carrying value was $ 39.4 million .

Prepaid expenses and other curr

Prepaid expenses and other current assets	6 Months Ended
	Jun. 30, 2024
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid and Other Current Assets	(9) Prepaid expenses and other current assets The following table presents Prepaid expenses and other current assets (in thousands): June 30, 2024 December 31, 2023 Prepaid expenses $ 5,163 $ 2,334 Cryptocurrency safeguarding asset 2,878 3,040 Other current assets 1,736 1,180 Prepaid expenses and other current assets $ 9,777 $ 6,554

Accrued expenses and other curr

Accrued expenses and other current liabilities	6 Months Ended
	Jun. 30, 2024
Accrued Liabilities and Other Liabilities [Abstract]
Accrued Expenses and Other Current Liabilities	(10) Accrued expenses and other current liabilities The following table presents Accrued expenses and other current liabilities (in thousands): June 30, 2024 December 31, 2023 Payables to liquidity providers $ 6,234 $ 5,143 Cryptocurrency safeguarding liability 2,878 3,040 Accrued expenses 12,479 13,362 Accrued expenses and other current liabilities $ 21,591 $ 21,545

Non-controlling interests

Non-controlling interests	6 Months Ended
	Jun. 30, 2024
Noncontrolling interest [Abstract]
Non-controlling interests	(11) Non-controlling interests The following table presents the changes in the balances of non-controlling interests for the three and six months ended June 30, 2024 (in thousands): BitAccess BT HoldCo Total Beginning balance January 1, 2024 $ 2,707 $ 22,480 $ 25,187 Distributions — ( 916 ) ( 916 ) Share-based compensation expense 8 — 8 Foreign currency translation — 9 9 Net income (loss) 4 ( 2,694 ) ( 2,690 ) Balance at March 31, 2024 2,719 18,879 21,598 Distributions — ( 6,832 ) ( 6,832 ) Share-based compensation expense 8 — 8 Foreign currency translation — 4 4 Redemption of non-controlling interest — ( 585 ) ( 585 ) Net income (loss) 40 6,871 6,911 Ending balance June 30, 2024 $ 2,767 $ 18,337 $ 21,104 Non-controlling Interest - BitAccess In July 2021, the Company obtained a controlling interest in BitAccess Inc. in a business combination. The un-affiliated interest in BitAccess Inc. is reported as non-controlling interests in the accompanying consolidated financial statements. As of both June 30, 2024 and December 31, 2023, the non-controlling interest ownership was 17.86 %. The non-controlling interest has certain rights as defined in the Amended and Restated Shareholders Agreement, including the right, but not the obligation, to cause the Company to purchase the non-controlling interest immediately prior to a liquidity event (as defined in the Amended and Restated Shareholders Agreement) at the fair value of the non-controlling interest as of the liquidity event. The non-controlling interest is not mandatorily redeemable. The Company also holds a right, but not an obligation, to cause the non-controlling interest holders to sell the non-controlling interest under the same conditions. Non-controlling Interest - BT HoldCo As of June 30, 2024, the Company is the primary beneficiary of BT HoldCo. The majority stockholder of BT HoldCo, BT Assets, holds 41,193,024 common units, and 2,900,000 preferred units of BT HoldCo, along with 41,193,024 Class V voting, non-economic shares in the Company. BT Assets has the right to exchange the common units, together with a corresponding number of shares of Class V common stock, for, at the Company’s option, (i) shares of the Company’s Class A common stock or (ii) cash from a substantially concurrent public offering or private sale (based on the price of the Company’s Class A common stock). The ownership interests in BT HoldCo held by BT Assets represent the non-controlling interest not directly attributable to Bitcoin Depot and are reported as part of non-controlling interests in BT HoldCo on the accompanying consolidated financial statements. See below the ownership percentage as of the reporting period end. As of June 30, 2024 , BT Assets has exchanged 2,906,976 common units. The following table summarizes the ownership interests in BT HoldCo common units: As of June 30, 2024 As of December 31, 2023 BT HoldCo Ownership % BT HoldCo Ownership % Number of BT HoldCo interests held by Bitcoin Depot Inc. 20,420,855 31.65 % 16,727,691 27.50 % Number of BT HoldCo interests held by non-controlling interest holders 41,193,024 68.35 % 44,100,000 72.50 % Total BT HoldCo interests outstanding 61,613,879 100.00 % 60,827,691 100.00 % The following table summarizes the redemptions BT HoldCo interests: Three and Six Months Ended June 30, 2024 Year Ended December 31, 2023 Redemption and acquisition of BT HoldCo interests: Number of BT HoldCo interests redeemed by the non-controlling interest holders 2,906,976 — Number of BT HoldCo interests received by PubCo 2,906,976 — Issuance of Class A common stock: Shares of Class A common stock issued in connection with the redemption of BT HoldCo interests 2,906,976 — Cancellation of BT HoldCo common units and Class V units: Number of BT HoldCo common Units surrendered 2,906,976 — Number of PubCo Class V units surrendered 2,906,976 — The preferred units are entitled to a $ 10.00 per unit preference (total preference of $ 29.0 million) on liquidation or distribution before any distributions may be made to other unitholders (other than certain permitted tax distributions). After the close of the Merger, up to $ 29.0 million of the net income from BT OpCo may be allocated to BT HoldCo. If net income exceeds $ 29.0 million, such excess income will be allocated to Bitcoin Depot and BT HoldCo based on their pro rata economic ownership interest in BT OpCo. When the preference amount is paid, the preferred units are automatically converted to common units. As such, the Company uses the As of June 30, 2024, the non-controlling interest ownership of BT HoldCo was 68.4 % and the non-controlling interest was $ 18.3 million .

Cryptocurrencies

Cryptocurrencies	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Cryptocurrencies	(12) Cryptocurrencies Cryptocurrency transactions Cryptocurrencies, including those allocated to the Company's treasury strategy, are accounted for as indefinite-lived intangible assets and are recognized at cost, net of impairment losses. Impairments are recorded whenever the fair value of the cryptocurrency decreases below its carrying value at any time during the period from acquisition. After an impairment loss is recognized, the adjusted carrying amount of the cryptocurrency becomes its new accounting basis and this new adjusted cost basis will not be adjusted upward for any subsequent increase in fair value. The following tables present additional information about the adjusted cost basis of cryptocurrencies, including those allocated to the Company's treasury strategy, (in thousands): BTC ETH Total Beginning balance—January 1, 2024 $ 711 $ 1 $ 712 Purchase or receipts of cryptocurrency 108,094 — 108,094 Cost of cryptocurrencies sold or distributed ( 106,303 ) — ( 106,303 ) Impairment of cryptocurrencies ( 2,062 ) — ( 2,062 ) Balance—March 31, 2024 $ 440 $ 1 $ 441 Purchase or receipts of cryptocurrency 121,874 — 121,874 Cost of cryptocurrencies sold or distributed ( 119,675 ) — ( 119,675 ) Impairment of cryptocurrencies ( 2,040 ) — ( 2,040 ) Balance—June 30, 2024 $ 599 $ 1 $ 600 BTC ETH LTC Total Beginning balance—January 1, 2023 $ 523 $ 9 $ 8 $ 540 Purchase or receipts of cryptocurrency 127,530 4 3 127,537 Cost of cryptocurrencies sold or distributed ( 125,465 ) ( 12 ) ( 11 ) ( 125,488 ) Impairment of cryptocurrencies ( 2,187 ) — — ( 2,187 ) Balance—March 31, 2023 $ 401 $ 1 $ — $ 402 Purchase or receipts of cryptocurrency 153,351 — — 153,351 Cost of cryptocurrencies sold or distributed ( 150,552 ) — — ( 150,552 ) Impairment of cryptocurrencies ( 2,390 ) — — ( 2,390 ) Balance—June 30, 2023 $ 810 $ 1 $ — $ 811 Purchases or receipts of cryptocurrency consists of: (a) cash paid by the Company to purchase cryptocurrencies on various exchanges and from liquidity providers and related transaction costs to acquire the cryptocurrencies, (b) receipts of cryptocurrency sold to the Company by customers at the BTM kiosks, and (c) receipts of cryptocurrency received by the Company as consideration for company website and software services revenue. Costs of cryptocurrencies sold or distributed represents the adjusted cost basis of cryptocurrencies sold to customers or payments made in cryptocurrencies, recorded through the date of disposition. As of June 30, 2024 and December 31, 2023, the Company had $ 6.2 million and $ 5.1 milli on due to liquidity providers related to Bitcoin purchased during the period. These amounts are paid in cash, generally within one week from which the expenses are incurred and are presented within “Accrued expenses and other current liabilities” on the Consolidated Balance Sheet.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Notes Payable	(13) Notes Payable Credit Agreement On December 21, 2020, the Company entered into a credit agreement with a financial institution (the "Credit Agreement") which provided for initial term loans in an aggregate principal amount of $ 25.0 million, comprised of two $ 12.5 million tranches, and which accrued interest at a rate of 15 % per annum (the “note”). In 2021, the Company utilized the delayed draw facility of the Credit Agreement and amended the note to provide an additional $ 15.0 million to fund the acquisition of BitAccess Inc. In March 2022, the note was again amended to provide an additional term loan in an aggregate principal amount of $ 5.0 million. On May 2, 2023, the Company amended its note with its lender. Pursuant to the amendment, the accelerated repayment feature in the event of a business combination transaction or a change in control transaction was removed and the repayment date was extended to August 15, 2023 to allow for a renegotiation of the repayment schedule. In addition, the fixed interest rate in the note was modified to increase the rate from 15 % per annum to 20 % per annum effective February 16, 2023 through August 15, 2023, and a catch-up payment was made for the incremental interest from February 16, 2023 through May 1, 2023 of approximately $ 0.3 million. On June 23, 2023, the Company amended and restated its credit agreement (the "Amended and Restated Note") with its existing lender. Under the Amended and Restated Note, the Company refinanced $ 20.8 million of the note which is subject to an annual interest at a rate of 17 % per annum. The Company is required to make monthly interest payments and fixed principal payments every six months beginning on December 15, 2023 through June 15, 2026. In connection with the Amended and Restated Note, the Company repaid approximately $ 16.4 million of the outstanding principal balance, refinanced $ 20.8 million of the outstanding principal balance and paid an exit fee of $ 2.3 million. The Amended and Restated Note matures on June 23, 2026 , at which time, any outstanding principal balance and any accrued interest become due. Additionally, the Company is required to pay an exit fee of $ 1.8 million upon maturity or prepayment and accordingly, has included this amount in the note payable, non-current in the Consolidated Balance Sheet. In conjunction with the transaction, Legacy Bitcoin Depot and BT Assets, Inc. were substituted for BT OpCo and BT HoldCo, LLC respectively. The Amended and Restated Note is collateralized by substantially all of the assets of BT HoldCo, LLC and Mintz Assets, Inc., Express Vending, Inc., Intuitive Software, LLC, Digital Gold Ventures, Inc. and BitAccess Inc. The Company is subject to certain financial covenants contained in the Amended and Restated Note, which require BT HoldCo and certain of its subsidiaries to maintain certain cash balances, and a maximum consolidated total leverage ratio, in addition to customary administrative covenants. The Company accounted for the Amended and Restated Note as a debt modification in accordance with ASC 470, Debt . On March 26, 2024, the Company entered into an amendment to the Amended and Restated Note dated June 23, 2023 to provide an additional $ 15.7 million in principal financing. This amendment increased the aggregate principal amount of the term loan facility to $ 35.6 million which consists of $ 19.9 million which was outstanding under the original loan and $ 15.7 million in additional principal resulting in net cash flow of $ 15.2 million related to the amendment. The Company accounted for the amendment as an extinguishment of debt in accordance with ASC 470, Debt . As such, the Company recognized the outstanding deferred financing costs of $ 3.2 million as a loss on extinguishment of debt in interest expense on the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income which consisted of a $ 2.7 million write off unamortized deferred loan costs and $ 0.5 million in loan origination fees related to the amendment. As a part of the amendment, the Company incurred an additional exit fee of $ 1.3 million which is due upon either maturity or the prepayment of the note. The total deferred financing costs associated with the amendment were $ 1.4 million (which includes the exit fee of $ 1.3 million) and are reflected as a reduction of the note proceeds. The Company will recognize these deferred financing costs, using the effective interest method over the term of the note. Other Debt Kiosk Profit Share Franchise Arrangements During the three months ended June 30, 2024, the Company entered into franchise profit sharing arrangements that were classified as debt in accordance with ASC 470, Debt . The Company recorded debt of $ 0.6 million and $ 3.2 million as a result of these franchise profit sharing arrangements, maturing in April 2029 and April 2032 , respectively, with principal and interest paid monthly via profit sharing payments. The carrying values of the notes payable related to the Company's franchise profit sharing arrangements were initially determined as the initial investment and are updated quarterly using a retrospective interest method. The effective interest rate used in the calculation of monthly interest is determined based on actual and projected profit sharing payments and is updated on a quarterly basis under the retrospective interest method. Equipment Financing During the three months ended June 30, 2024, the Company entered into three , 36-month collateralized term loans in the amounts of $ 0.6 million, $ 0.5 million, and $ 0.5 million, to facilitate the purchase of BTM kiosks. In accordance with the term loans, the kiosks are collateral for the loans. The loans are subject to annual interest rates of 16.86 %, 17.27 %, and 17.27 %, respectively, with interest and principal payments due monthly. Notes payable consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): Notes Payable as of June 30, 2024 Notes Payable as of December 31, 2023 Credit Agreement Other Debt Total Credit Agreement Other Debt Total Credit agreement $ 34,583 $ — $ 34,583 $ 19,920 $ — $ 19,920 Other debt — 6,589 6,589 — 2,597 2,597 Plus: exit fee due upon repayment of debt 3,098 — 3,098 1,764 — 1,764 Less: unamortized deferred financing costs ( 1,111 ) — ( 1,111 ) ( 3,195 ) — ( 3,195 ) Total notes payable 36,570 6,589 43,159 18,489 2,597 21,086 Less: current portion of notes payable ( 3,429 ) ( 937 ) ( 4,366 ) ( 2,283 ) ( 1,702 ) ( 3,985 ) Notes payable, non-current $ 33,141 $ 5,652 $ 38,793 $ 16,206 $ 895 $ 17,101 At June 30, 2024, aggregate future principal payments are as follows (in thousands): Aggregate Future Principal Payments at June 30, 2024 Credit Agreement Other Debt Total Remainder of 2024 $ 1,245 $ 480 $ 1,725 2025 4,733 914 5,647 2026 28,605 1,105 29,710 2027 — 437 437 2028 — 322 322 Thereafter — 3,331 3,331 Total $ 34,583 $ 6,589 $ 41,172

Common Stock, Preferred Stock a

Common Stock, Preferred Stock and Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Common Stock, Preferred Stock and Stockholders' Equity	(14) Common Stock, Preferred Stock and Stockholders’ Equity The Company is authorized to issue seven classes of stock designated, Class A common stock, Class B common stock, Class M common stock, Class O common stock, Class V common stock (together with Class A common stock, Class B common stock, Class M common stock and Class O common stock, the “Voting Common Stock”) and Class E common stock (together with the Voting Common Stock, the “Common Stock”) and Preferred Stock. The total number of shares of capital stock which the Company shall have authority to issue is 2,223,250,000 , divided into the following: As of June 30, 2024 Series A Preferred Class A Class B Class E Class M Class O Class V Shares authorized 50,000,000 800,000,000 20,000,000 2,250,000 300,000,000 800,000,000 300,000,000 Shares outstanding 3,075,000 17,155,235 — 1,075,761 — — 41,193,024 Par value $ 0.0001 $ 0.0001 $ 0.0001 $ 0.0001 $ 0.0001 $ 0.0001 $ 0.0001 Class A Common Stock Holders of Class A common stock are entitled to one vote per share. Any dividends paid to the holders of Class A common stock will be paid on a pro rata basis. On a liquidation event, any distribution to common stockholders is made on a pro rata basis to the holders of the Class A common stock. Class B Common Stock Holders of Class B common stock are entitled to one vote per share. Dividends shall not be declared or paid on shares of Class B common stock. On a liquidation event, the holders of shares of Class B common stock shall not be entitled to receive any assets of the Company in the event of any such liquidation. Class M Common Stock Holders of Class M common stock are entitled to ten votes per share. Any dividends paid to the holders of Class M common stock will be paid on a pro rata basis. On a liquidation event, any distribution to common stockholders is made on a pro rata basis to the holders of the Class M common stock. Class O Common Stock Holders of Class O common stock are entitled to one vote per share. Dividends shall not be declared or paid on shares of Class O common stock. On a liquidation event, the holders of shares of Class O common stock shall not be entitled to receive any assets of the Company in the event of any such liquidation. Class V Common Stock Class V common stock are voting, non-economic shares and exchangeable, along with common units of BT HoldCo, into Class A common stock. Shares of Class V common stock are convertible into an equivalent number of shares ( one-for-one ) of Class A common stock automatically upon transfer, or BT Assets and its affiliates ceasing to beneficially own at least 20 % of the voting power represented by the shares in Class V common stock. Class E Common Stock Class E common stock consists of three series: 750,000 shares of Class E-1 common stock (which shall not be entitled to vote), 750,000 shares of Class E-2 common stock (which shall not be entitled to vote), 750,000 shares of Class E-3 common stock (which shall not be entitled to vote). Dividends shall not be declared or paid on shares of Class E common stock. On a liquidation event, the holders of shares of Class E common stock shall not be entitled to receive any assets of the Company in the event of any such liquidation. Shares of Class E common stock are convertible into an equivalent number of shares ( one-for-one ) of Class A common stock when the reported closing trading price of the common stock exceeds certain thresholds if, from the closing of the Merger until the tenth anniversary thereof, the reported closing trading price of the common stock exceeds certain thresholds and is subject to forfeiture terms. Refer to Note 16 for further discussion regarding the Class E common stock. Series A Preferred Stock In connection with the Merger and PIPE Financing, on June 30, 2023, the Company issued 4,300,000 shares of its Series A Preferred Stock. Holders of the Series A Preferred Stock have no voting rights except in certain matters as described in the Company’s Certificate of Designation. There are no other voting rights associated with the Series A Preferred Stock. The Series A Preferred Stock is only entitled to dividends when and if declared by the Company’s Board of Directors (the "Board"). There is no stated dividend preference. The Series A Preferred Stock participate fully with respect to all distributions and dividends made to the Company’s Class A common stock, including in the event of a liquidation, dissolution, or winding up of the Company. The Series A Preferred Stock is convertible at any time at the option of the holders into Class A common stock at an initial exchange ratio of 1:1, as adjusted for any dilutive events. The Series A Preferred Stock is economically identical to the Company’s Class A common stock and is therefore treated as another class of common stock for reporting purposes (i.e., net income per share calculation), and is classified in permanent equity. During the six months ended June 30, 2024, 50,000 shares of Series A Preferred Stock were converted to shares of Class A common stock. Warrants There are 43,848,750 warrants outstanding of which 31,625,000 (“Public Warrants”) were issued by GSRM at the time of its IPO and 12,223,750 (“Private Warrants” and together the “Warrants”) were issued by GSRM to GSR II Meteora Sponsor LLC (“Sponsor”). As a result of the Merger, these Warrants became Bitcoin Depot Warrants. Each whole Warrant entitles the registered holder to purchase one share of Class A common stock at a price of $ 11.50 per share. A holder may exercise its warrants only for a whole number of shares of Class A common stock. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Company may redeem the Public Warrants at a price of $ 0.01 per share if the closing price of the Company’s Class A common stock equals or exceeds $ 18.00 per share for any 20 trading days within a 30 -trading day period. The Private Warrants cannot be redeemed, even if sold or transferred to a non-affiliate. The Warrants will expire five years after the Closing Date, June 30, 2028, or earlier upon redemption or liquidation. The Company also has the ability to redeem outstanding Public Warrants at any time after they become exercisable and prior to their expiration, at a price of $ 0.01 per Public Warrant, provided that the last reported sale price of Class A common stock for any 20 trading days within a 30 -trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the Public Warrant holders equals or exceeds $ 18.00 per share and provided certain other conditions are met. The Private Warrants have terms and provisions that are identical to those of the Public Warrants, except the Private Warrants are not subject to redemption, and do not become subject to redemption after transfer to a non-affiliate (a distinction from other private placement warrants issued in connection with GSRM transactions). The Warrants are accounted for as freestanding equity contracts and are classified in equity under ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity. In connection with the Merger, the Warrants were recorded in connection with the reverse recapitalization accounting as part of the adjustment to accumulated deficit on the consolidated Balance Sheet and Consolidated Statement of Changes in Stockholders’ Equity. Earnouts In connection with the Merger, the Sponsor received the Sponsor Earnout Shares, divided into three classes of Class E common stock: E-1, E-2, and E-3, respectively. All classes of Class E common stock are held by a single party. Upon achieving certain milestones (described below), each share of Class E common stock is automatically converted into shares of the Company’s Class A common stock. For the avoidance of doubt, Class E common stock shares do not have any voting or economic rights, and they represent the right to receive shares of Class A common stock. In addition to the Sponsor Earnout Shares described above, BT HoldCo also issued earnout units (“BT HoldCo Earnout Units”), of which 1,075,061 were issued to the Company and 15,000,000 were issued to BT Assets, Inc. The BT HoldCo Earnout Units issued by BT HoldCo are subject to the same vesting conditions as the Sponsor Earnout Shares. Upon vesting, these units will be automatically exchanged into common units of BT HoldCo. BT HoldCo Earnout Units held by the Company mirror the Sponsor Earnout Shares arrangement as they are intended to maintain the UP-C corporation structure of the consolidated reporting group (i.e., for every share of Class A common stock outstanding, the Company will own a corresponding common unit in BT HoldCo). BT HoldCo Earnout Units issued to BT Assets, will impact the non-controlling interest recognized by the Company when they vest. During the three months ended June 30, 2024, the market price of the Company's Class A common stock did not exceed the required price per share. Additionally, in accordance with the earnout provisions, the market price of the Company's Class A common stock did not exceed $ 12.00 per share for any 10 trading days within any consecutive 20 trading day period after the Merger to achieve the 1st vesting hurdle. Share repurchase program On September 22, 2023, the Company announced that its Board has authorized a share repurchase program pursuant to which the Company is authorized to repurchase up to $ 10.0 million of outstanding shares of its Class A common stock through and including June 30, 2024. The Company made an accounting policy election to measure the fair value of purchases or sales of securities, including purchases of its own shares as part of the share repurchase program, as of the trade date. During the three months ended March 31, 2024, the Company repurchased 69,976 shares at a total cost of $ 0.2 million with an average cost per share of $ 2.26 . No shares were repurchased during the three months ended June 30, 2024. From the date of authorization through June 30, 2024, 190,620 shares of the Company's Class A common stock had been repurchased with a total cost of $ 0.4 million. As of June 30, 2024, the program had expired. Redemptions of LLC Interests The BT HoldCo Operating Agreement provides that holders of LLC Interests may, from time to time, require the Company to redeem all or a portion of their LLC Interests for newly-issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, the Company receives a corresponding number of LLC Interests, increasing its total ownership interest in BT HoldCo. Simultaneously, and in connection with a redemption, the corresponding number of shares of Class V common shares and Common BT HoldCo units are surrendered and cancelled. During the three and six months ended June 30, 2024, BT Assets exchanged 2,906,976 Class V shares. This exchange resulted in a transfer of 4.3 % ownership interest in BT HoldCo from BT Assets to the Company.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(15) Income Taxes Prior to the closing of the Merger, Lux Vending, LLC was wholly-owned by BT Assets, which elected to be taxed as an S Corporation. Lux Vending, LLC elected to be taxed as an S Corporation subsidiary and was not directly subject to US Federal income taxes during the six months ended June 30, 2023. The effective tax rate for the six months ended June 30, 2024, and 2023, respectively was 51.97 % and ( 172.7 %). During the six months ended June 30, 2024, and 2023, the Company recognized income tax (expense) benefit of $( 0.3 ) million and $ 1.3 million, respectively, on its share of pre-tax book income (loss), of which $ 0.3 million and $ 0.9 million was attributed to non-controlling interest. BitAccess Inc. and Express Vending, Inc. are taxed as Canadian corporations. For the six months ended June 30, 2024, and 2023, there was no activity for Mintz Assets, Inc., Intuitive Software, LLC and Digital Gold. As such, there were no federal income taxes for these entities. The effective tax rate differs from the statutory U.S. federal rate of 21.0% primarily due to the income or loss not being taxed due to the income and loss flowing through to its partners, and differences related to the foreign operations, and valuation allowance adjustments for the Company’s outside basis in BT HoldCo. As of June 30, 2024, management determined based on applicable accounting standards and the weight of all available evidence, it was not more likely than not (“MLTN”) that the Company will realize its deferred tax assets for the difference in tax basis in excess of the financial reporting value for its investment in BT HoldCo. Consequently, the Company has established a full valuation allowance with respect to its deferred tax asset related to its investment in BT HoldCo, as of June 30, 2024. In the event that management subsequently determines that it is MLTN that the Company will realize its deferred tax assets in the future over the recorded amount, a decrease to the valuation allowance will be made, which will reduce the provision for income taxes. Additionally, the Company has an uncertain tax position of $ 1.1 million due to state tax filings. The Company plans to settle open filings during 2024. Tax Receivable Agreement Upon the completion of the Merger, Bitcoin Depot is party to the Tax Receivable Agreement (“TRA”). Under the terms of that agreement, Bitcoin Depot generally will be required to pay BT Assets 85 % of the tax savings, if any, that Bitcoin Depot Inc. realizes, or in certain circumstances is deemed to realize, as a result of certain tax attributes that are created as part of and after the Merger. The payment of cash consideration to BT Assets in connection with the transaction will result in aggregate payments under the Tax Receivable Agreement of approximately $ 2.1 million as of June 30, 2024. This amount does not take into account any future exchanges of BT HoldCo Common Units by BT Assets pursuant to the BT HoldCo Amended and Restated Limited Liability Company Agreement. The future amounts payable, as well as the timing of any payments, under the Tax Receivable Agreement are dependent upon significant future events, including (but not limited to) the timing of the exchanges of BT HoldCo Common Units and surrender of a corresponding number of shares of Bitcoin Depot Class V common stock, the price of Bitcoin Depot Class A common stock at the time of each exchange, the extent to which such exchanges are taxable transactions, the depreciation and amortization periods that apply to any increase in tax basis resulting from such exchanges, the types of assets held by BT HoldCo, the amount and timing of taxable income Bitcoin Depot generates in the future, the U.S. federal income tax rate then applicable and the portion of Bitcoin Depot’s payments under the Tax Receivable Agreement that constitute imputed interest or give rise to depreciable or amortizable tax basis. The Company has recognized a Tax Receivable Agreement liability of $ 0.9 million on the Consolidated Balance Sheets as of December 31, 2023. Changes in this liability will be recognized in future periods through the other income/(expense) benefit caption on the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income, the Company initially recorded $ 0.7 million on September 30, 2023 through equity, an additional adjustment $ 0.2 million was made on December 31, 2023, which was recorded to the income statement, for a total TRA of $ 0.9 million. Pursuant to the Company's election under Section 754 of the Internal Revenue Code (the "Code"), the Company expects to obtain an increase in its share of the tax basis in the net assets of BT HoldCo when units are redeemed or exchanged by the other members of BT HoldCo. The Company plans to make an election under Section 754 of the Code for each taxable year in which a redemption or exchange of BT HoldCo units occurs. The Company intends to treat any redemptions and exchanges of BT HoldCo units as direct purchases of the units for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that would otherwise be paid in the future to various tax authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. On April 24, 2024, the Company acquired an aggregate of 2.9 million units in connection with an exchange with BT HoldCo (see Note 14), which resulted in an increase in the tax basis of its investment in BT HoldCo subject to the provisions of the Tax Receivable Agreement. The Company also recorded an additional liability of $ 1.3 million for the TRA Payments due to the redeeming members, representing 85 % of the aggregate tax benefits the Company expects to realize from the tax basis increases related to the exchange of units, after concluding it was probable that such TRA Payments would be paid based on estimates of future taxable income. No payments were made to the members of BT HoldCo pursuant to the Tax Receivable Agreement in fiscal 2024 and fiscal 2023.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	(16) Share-Based Compensation BitAccess: BitAccess maintained a stock option plan for its employees under the Amended and Restated Stock Option Plan, (the “BitAccess Plan”). Pursuant to BitAccess Plan agreement, awards of stock options and restricted stock units (“BitAccess RSUs”) were permitted to be made to employees and shareholders of BitAccess. As of June 30, 2024, all awards under the BitAccess Plan had been issued. The options under the BitAccess Plan generally vest over a two-year period following the one-year anniversary of the date of grant and expire not more than 10 years from the date of grant. Options A summary of the BitAccess Plan’s stock option activity and related information is as follows: Amount or Weighted-average Weighted-average Weighted-average Outstanding at January 1, 2024 43,780 $ 2.86 8.60 $ 1.21 Granted — $ — — $ — Exercised — $ — — $ — Outstanding at June 30, 2024 43,780 $ 2.86 8.10 $ 3.09 Vested and exercisable at June 30, 2024 17,722 $ 2.86 — $ 3.10 Amount or Weighted-average Weighted-average Weighted-average Outstanding at January 1, 2023 106,938 $ 1.04 8.86 $ 1.13 Granted 39,600 $ 2.86 9.76 $ 3.05 Exercised ( 68,058 ) $ — — $ 4.44 Outstanding at June 30, 2023 78,480 $ 2.86 9.21 $ 3.09 Vested and exercisable at June 30, 2023 4,167 $ 2.86 — $ 3.07 RSUs The BitAccess RSUs under the BitAccess Plan generally vest over a two-year period beginning following the one-year anniversary of the date of grant and expire not more than 10 years from the date of grant. There were no outstanding RSUs as of June 30, 2024. A summary of the BitAccess Plan’s BitAccess RSU award activity for the three and six months ended June 30, 2023 is as follows: Restricted Outstanding at January 1, 2023 81,142 Exercised ( 23,308 ) Outstanding at March 31, 2023 57,834 Exercised ( 32,193 ) Outstanding at June 30, 2023 25,641 Forfeited ( 25,641 ) Outstanding at December 31, 2023 — The Company recognized compensation expense of $ 0 million during the three and six months ended June 30, 2024 , and $ 0.2 million and $ 0.4 million during the three and six months ended June 30, 2023, respectively, related to the BitAccess Plan. These amounts are included in selling, general and administrative expenses in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income. As of June 30, 2024, there was immaterial unrecognized compensation expense related to BitAccess Plan’s for non-vested restricted shares. 2023 Omnibus Incentive Plan Pursuant to the Incentive Plan the Board is authorized to grant awards of Class A common Stock, incentive stock options, non statutory stock options, RSUs and restricted stock in an aggregate amount up to 6,029,445 shares of Class A common stock to eligible recipients, as defined in the Incentive Plan. The Company recognized $ 1.7 million and $ 2.6 million of share-based compensation expense during the three and six months ended June 30, 2024. Share-based compensation expense is included within selling and administrative expenses in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income. PSUs During the three and six months ended June 30, 2024, the Company's Compensation Committee determined that the performance targets were met and approved the granting of 580,116 fully vested performance-based RSUs ("PSUs"). For these PSUs, the Company recognized stock compensation in the Statement of Stockholders Equity and Member' Equity as Additional-Paid-In Capital a nd Stock Compensation expense on the Consolidated Statements of (Loss) Income and Comprehensive Income during the three and six months ended June 30, 2024 of $ 1.1 million. The Company had no unrecognized compensation expense associated with PSUs as of June 30, 2024. Time-based RSUs During the three and six months ended June 30, 2024, the Company granted 1,032,447 and 1,037,286 time-based RSUs, respectively. These RSUs vest one-third on the first anniversary of the grant date and in equal quarterly installments over the next two years . For these time-based RSUs, the Company recognized stock-based compensation in the Consolidated Statement of Stockholders' Equity as Additional Paid-In Capital and stock-based compensation expense on the Consolidated Statements of (Loss) Income and Comprehensive Income during the three and six months ended June 30, 2024 of $ 0.6 million and $ 1.5 million. The Company had unrecognized compensation expense associated with time-based RSUs of $ 3.1 million as of June 30, 2 024. Amount of PSUs PSU Weighted-average Amount of RSUs RSU Weighted-average Outstanding at January 1, 2024 — $ — 1,352,085 $ 3.59 Granted 580,116 $ 1.90 1,037,286 $ 1.90 Vested ( 580,116 ) $ 1.90 ( 206,072 ) $ 3.58 Forfeited — $ — ( 55,481 ) $ 2.95 Outstanding at June 30, 2024 — $ — 2,127,818 $ 2.78 During the three and six months ended June 30, 2024, the Company did not issue any performance-based RSUs.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	(17) Net Loss Per Share The Series A Preferred Stock have similar economic rights to the Class A common stock and management considers them to be in substance common shares for earnings per share (“EPS”) purposes. As a result, the weighted average Series A Preferred Stock outstanding during the period was included in the calculation of weighted average common stock outstanding. No other classes of shares with economic rights were outstanding during the period, and therefore, EPS was not presented for such classes. The Public and Private Warrants along with the BitAccess options were considered in diluted EPS under the treasury stock method, if dilutive. The Class E common stock represents earnout arrangements that are contingently issuable into Class A common stock, and are only considered in the calculation of EPS once the stock price milestones have been achieved. The non-controlling interest was considered in diluted EPS under the if-converted method, if dilutive. The share-based compensation expense related to Class A shares has been attributed entirely to Bitcoin Depot Inc. for purposes of the net income (loss) per share calculation within the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income. Additionally, for purposes of the net income (loss) per share calculation, because such amounts pertain to compensation expense that do not affect the net assets of BT HoldCo available for liquidation, they are not further attributed to the non-controlling interest holders under the HLBV method described in Note 11. Management determined that EPS for periods prior to the Merger was not considered meaningful due to the complexities of determining the weighted average stock outstanding as a result of the recapitalization. Accordingly, the computation of loss per share and weighted average common stock outstanding has only been presented for the period from the date of transaction close through June 30, 2024, as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss attributable to Bitcoin Depot Inc. - basic and diluted $ ( 2,561 ) $ ( 10,699 ) $ ( 4,099 ) $ ( 10,699 ) Denominator: Weighted average common stock outstanding - basic and diluted 19,432,011 16,658,691 18,016,761 16,658,691 Net loss per share - Bitcoin Depot Inc. $ ( 0.13 ) $ ( 0.64 ) $ ( 0.23 ) $ ( 0.64 ) The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period: Class of security Number of PubCo Warrants - Public and Private 43,848,750 PubCo Class E Common Stock - Earnouts Units 1,075,761 BT OpCo Founder Convertible Preferred Units(1)(2) 2,900,000 BT OpCo Exchangeable Non-Controlling Interest(1)(2) 38,293,024 BT OpCo Earnouts Units(1) 15,000,000 2023 Incentive Plan RSU awards 2,127,818 (1) Held at BT Assets and exchangeable into Class A common stock of the Company or cash upon the occurrence of certain conditions. (2) Held at BT Assets and can be exchanged into Class A common stock of the Company.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Lessee Disclosure [Abstract]
Leases	(18) Leases Floorspace leases The Company has obligations as a lessee for floorspace. Generally, these lease arrangements meet the short-term lease criteria when the floorspace leases are cancellable by the Company upon notice of 30 days or less. Accordingly, for the leases that are cancellable, the Company has elected and applied the practical expedient that allows the Company to recognize short-term lease payments on a straight-line basis over the lease term on the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income. For those floorspace leases that have a noncancellable term greater than 12 months, the Company records ROU assets and lease liabilities and presents them as operating leases. The Company recognized right of use assets and a lease liability of $ 2.2 million for the three and six months ended June 30, 2024 as a result of the non-cash transaction related to floorspace operating leases. Office space lease The Company has obligations as a lessee for office space under a noncancellable lease arrangement that expires in May 2025, with options to renew up to five years. Payments due under the lease contracts include mainly fixed payments. The lease for the office space is classified as an operating lease in accordance with Topic 842. BTM Kiosk leases The Company has obligations as a lessee for BTM kiosks. The leases for the BTM kiosks are classified as finance leases in accordance with Topic 842 that expire on various dates through June 30, 2026. The BTM kiosk lease agreements are for two or three year terms and include various options to either renew the lease, purchase the kiosks or exercise a bargain option to purchase the kiosk at the end of the term. Certain finance leases are personally guaranteed by the CEO and contain guarantees for return of equipment by the CEO. On March 31, 2023, the Company terminated an existing lease arrangement with a lessor and simultaneously entered into a new lease arrangement with a new lessor for 689 BTMs. Under this agreement, the new lessor agreed to purchase the BTM’s from the original lessor. Upon the termination of the original agreement, the Company removed the remaining right-of-use asset and the finance lease liability of $ 2.4 million and $ 1.9 million respectively and recognized a loss of $ 0.5 million recorded in other (expense) income in the consolidated Statement of Income (Loss) and Comprehensive Income (Loss). The new lease commenced on March 31, 2023 and has a three year noncancellable period. Total fixed payments due on an undiscounted basis over the three year noncancellable period of the lease are $ 2.4 million. The Company will acquire the assets for a bargain purchase price of $ 1 at the end of the term. Due to the bargain purchase option, the Company classified the new lease as a finance lease. The Company recognized a finance lease liability of $ 1.9 million discounted at an interest rate implicit in the lease and a corresponding right-of-use asset of $ 1.9 million . On June 30, 2023, the Company terminated an existing lease arrangement with a lessor and simultaneously entered into a new lease arrangement with a new lessor for 911 BTMs. Under this agreement, the new lessor agreed to purchase the BTM’s from the original lessor. Upon the termination of the original agreement, the Company removed the remaining right-of-use asset and the finance lease liability of $3.3 million and $2.5 million , respectively and recognized a loss of $0.8 million recorded in Other (Expense) Income in the consolidated Statement of Income (Loss) and Comprehensive Income (Loss). The new lease commenced on June 30, 2023 and has a three year noncancellable period. Total fixed payments due on an undiscounted basis over the three year noncancellable period of the lease are $ 3.2 million. The Company will acquire the assets for a bargain purchase price of $1 at the end of the term. Due to the bargain purchase option, the Company classified the new lease as a finance lease. The Company recognized a finance lease liability of $2.5 million discounted at an interest rate implicit in the lease and a corresponding right-of-use asset of $2.5 million. During the three months ended March 31, 2024, the Company entered into lease agreements for the lease of 250 new BTMs. The lease has a 36 month noncancellable term. The Company will acquire the assets for a bargain purchase price of $ 1 at the end of the lease term. Due to the bargain purchase option, the Company classified the new lease as a finance lease. The company recognized right of use assets and a lease liability of $ 0.8 million and $ 1.3 million for the three and six months ended June 30, 2024, respectively as a result of the non-cash transaction related to the finance lease. During the three months ended June 30, 2024, the Company entered into lease agreements for the lease of 136 new BTMs. The lease has a 24 month noncancellable term. The Company will acquire the assets for a bargain purchase price of $ 1 at the end of the term. Due to the bargain purchase option, the Company classified the new lease as a finance lease. The company recognized right of use assets and a lease liability of $ 0.6 million for the three and six months ended June 30, 2024 as a result of the non-cash transaction related to the finance lease. The components of the lease expense are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Finance lease expense: Amortization of right-of-use-assets $ 1,324 $ 2,852 $ 2,585 $ 4,514 Interest on lease liabilities 364 1,565 739 2,672 Total finance lease expense 1,688 4,417 3,324 7,186 Operating lease expense 261 57 361 109 Short-term lease expense 8,919 8,749 17,395 17,782 Total lease expense $ 10,868 $ 13,223 $ 21,080 $ 25,077 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Other information: Operating cash flows used for finance leases $ ( 365 ) $ ( 1,565 ) $ ( 768 ) $ ( 2,672 ) Operating cash flows used for operating leases $ ( 291 ) $ ( 57 ) $ ( 409 ) $ ( 114 ) Financing cash flows used for finance leases $ ( 2,297 ) $ ( 3,547 ) $ ( 4,193 ) $ ( 6,701 ) June 30, 2024 December 31, 2023 Weighted-average remaining lease term - finance leases 1.5 years 1.6 years Weighted-average remaining lease term - operating leases 3.2 years 2.3 years Weighted-average discount rate - finance leases 18.5 % 17.9 % Weighted-average discount rate - operating leases 16.9 % 16.6 % Maturities of the lease liability under the noncancellable operating leases as of June 30, 2024 are as follows (in thousands): Operating Leases Remainder of 2024 $ 593 2025 1,051 2026 951 2027 417 2028 248 Thereafter 49 Total undiscounted lease payments 3,309 Less: imputed interest ( 742 ) Total operating lease liability 2,567 Less: operating lease liabilities, current ( 813 ) Operating lease liabilities, net of current portion $ 1,754 Maturities of the lease liability under the noncancellable finance leases as of June 30, 2024 are as follows (in thousands): Finance Leases Remainder of 2024 $ 3,823 2025 3,536 2026 1,145 Total undiscounted lease payments 8,504 Less: imputed interest ( 1,090 ) Total finance lease liability 7,414 Less: current installments of obligations under finance leases ( 4,761 ) Obligations under finance leases, excluding current installments $ 2,653

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(19) Commitments and Contingencies Litigation From time to time in the regular course of its business, the Company is involved in various lawsuits, claims, investigations and other legal matters. Except as noted below, there are no material legal proceedings pending or known by the Company to be contemplated to which the Company is a party or to which any of its property is subject. The Company believes that adequate provisions for resolution of all contingencies, claims and pending litigation have been made for probable losses that are reasonably estimable. These contingencies are subject to significant uncertainties and the Company is unable to estimate the amount or range of loss, if any, in excess of amounts accrued. The Company does not believe that the ultimate outcome of these actions will have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year. On January 13, 2023, Canaccord Genuity Corp. (“Canaccord”) commenced proceedings against the Company by filing a claim with the Superior Court of Justice in Toronto, Ontario which named Lux Vending, LLC and Bitcoin Depot LLC as the defendants. Canaccord is a financial services firm in Canada that the Company previously had hired to perform advisory services related to a potential initial public offering in Canada or sale transaction. The claim asserts that Lux Vending, LLC breached its contract with Canaccord by terminating the contract to avoid paying fees for their services and that Canaccord is entitled to $ 23.0 million in damages equivalent to the fees alleged to be owed upon the closing of a change of control, the sale of substantially all the Company’s assets, or a merger transaction pursuant to the terminated contract. Canaccord proposes that the amount of fees would be calculated on the total cash transaction value of the business combination of $ 880.0 million. The claim also seeks an award for legal and other costs relating to the proceeding. Bitcoin Depot does not believe the allegations made against it are valid and intends to vigorously defend against them. The range of potential loss related to the identified claim is between $ 0 and $ 23.0 million, the amount of damages that Canaccord is seeking in the lawsuit. The additional costs mentioned in the claim are not able to be estimated at this time. Canaccord did not present evidence or statements to support the reason for the increased demand amount. In March 2024, the Canaccord matter moved into the discovery phase involving the production of documents and examinations of the parties' representatives. This process is expected to be completed by the end of the fourth quarter. Financial and tax regulations Legislation or guidance may be issued by U.S. and non-U.S. governing bodies, including Financial Crimes Enforcement Network (“FinCen”) and the Internal Revenue Service (“IRS”), that may differ significantly from the Company’s practices or interpretation of the law, which could have unforeseen effects on our financial condition and results of operations, and accordingly, the related impact on our financial condition and results of operations is not estimable. Prior to 2022, the IRS concluded an examination of the Company related to certain regulatory reporting requirements related to cryptocurrency sales to certain customers. Based on the outcome of the examination, the Company has concluded it is not probable that any fines or penalties will be assessed against the Company. As a result, no accrual has been recorded in the accompanying consolidated financial statements.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	(20) Subsequent Events On July 1, 2024, the Company declared and paid a $ 15.0 million preferred distribution to BT Assets as a partial return of BT Asset's preferred on the preferred units it holds in BT HoldCo. The distribution amount reduces the preferred dividend attributable to the Non-Controlling Interest from $ 29.0 million to a remaining balance of $ 14.0 million. On July 10, 2024, the Company entered into a Kiosk Service Agreement with an entity owned by the CEO, that owns and operates kiosks unrelated to the Company’s Bitcoin ATM business. The agreement provides for the following services: kiosk placement, treasury management and other back office services. The Company will receive 30 % of the net profit as compensation. On July 11, 2024, Sopris invested in an additional 200 BTMs related to our franchise profit share program

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Line Items]
Basis of Presentation	(a) Basis of Presentation Unaudited Interim Financial Statements The unaudited interim consolidated financial statements have been prepared in accordance with U.S. GAAP and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) with respect to interim reporting. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company as of December 31, 2023 on Form 10-K, filed with the SEC on April 15, 2024. The Company has included all normal recurring items and adjustments necessary for a fair presentation of the results of the interim period. The Company’s interim unaudited consolidated financial statements are not necessarily indicative of results that may be expected for any other interim period or for the full year. The Company consolidates business enterprises that it controls by ownership of a majority voting interest. However, there are situations in which consolidation is required even though the usual condition of consolidation (ownership of a majority voting interest) does not apply. An enterprise must consolidate a Variable Interest Entity (“VIE”) if it is determined to be the primary beneficiary of the VIE. The primary beneficiary has both (a) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance, and (b) the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company consolidates all entities that it controls by ownership of a majority voting interest as well as VIEs for which the Company is the primary beneficiary. The consolidated financial statements of the Company include the accounts of Bitcoin Depot Inc. and its controlled subsidiaries: BT HoldCo, Bitcoin Depot Operating, LLC, Mintz Assets, Inc., Express Vending, Inc., Intuitive Software, LLC, Digital Gold Ventures, Inc. (“Digital Gold”), and BitAccess Inc. BT HoldCo is a holding company with ownership of Bitcoin Depot Operating, LLC. Bitcoin Depot Operating, LLC is a holding company with ownership of Mintz Assets, Inc. and Intuitive Software, LLC. Mintz Assets, Inc. is a holding company that holds the ownership of Express Vending, Inc. Express Vending, Inc. is a Canadian corporation whose business activities include owning and operating a network of BTM kiosks in Canada. Intuitive Software, LLC is a holding company that holds an 82.14 % equity interest (through its ownership of Digital Gold) in BitAccess Inc., a Canadian corporation. The non-controlling interests held by investors directly in BT HoldCo and BitAccess are presented separately as further discussed in Note 10. Intercompany balances and transactions have been eliminated in consolidation. Reverse Recapitalization GSR II Meteora Acquisition Corp. (“GSRM”) was a blank check company incorporated as a Delaware corporation on October 14, 2021, for the purpose of effecting a merger or similar business combination with one or more businesses. On March 1, 2022, GSRM consummated its Initial Public Offering (“IPO”). On August 24, 2022, GSRM entered into a Transaction Agreement, as subsequently amended (the “Transaction Agreement”), by and among GSRM, GSR II Meteora Sponsor LLC (the “Sponsor”), Lux Vending, LLC (dba Bitcoin Depot) (“Legacy Bitcoin Depot”) and BT Assets, Inc. (“BT Assets”) (the “Transaction Agreement”). Prior to the events contemplated in the Transaction Agreement (collectively, the "Merger"), BT Assets was the sole owner and member in Legacy Bitcoin Depot (the "Member"). On June 30, 2023 (the “Closing Date”), Legacy Bitcoin Depot merged with and into Bitcoin Depot Operating LLC (“BT OpCo”), with BT OpCo surviving the Merger as the post-transaction operating company owned solely by a newly formed entity, BT HoldCo, LLC (“BT HoldCo”) with common units (the “BT HoldCo Common Units”), preferred units (the “BT HoldCo Preferred Units”) and earnout units (the “BT HoldCo Earnout Units”) outstanding and issued to BT Assets. In connection with the Merger, GSRM changed its name to Bitcoin Depot Inc., purchased BT HoldCo Common Units owned by BT Assets and was issued BT HoldCo Earnout Units and warrants to purchase a number of BT HoldCo Common Units equal to the number of shares of Class A common stock that may be purchased upon the exercise in full of all Warrants outstanding immediately after Closing (“BT HoldCo Matching Warrants”). The former owners of Legacy Bitcoin Depot (i.e., BT Assets and the owners thereof) were issued 44,100,000 non-economic, super voting shares of Class V common stock in Bitcoin Depot. The Class V common stock held by BT Assets corresponds to units held by BT Assets in BT HoldCo and represents non-controlling interests in the Company, as described in Note 10. Following the closing of the Merger, the Company is organized under an “Up-C” structure in which the business of the Company is operated by BT HoldCo and its subsidiaries, and Bitcoin Depot’s only material direct asset consists of equity interests in BT HoldCo. At June 30, 2023, the Company had issued and outstanding 12,358,691 common units, 4,300,000 Series A Preferred Units and 43,848,750 warrants in BT HoldCo. Also at June 30, 2023, BT Assets owned 41,200,000 common units, 2,900,000 Founder Preferred Units, 5,000,000 Class 1 Earnout Units, 5,000,000 Class 2 Earnout Units and 5,000,000 Class 3 Earnout Units in BT HoldCo. Notwithstanding the legal form of the Merger pursuant to the Transaction Agreement, the Merger was accounted for as a reverse recapitalization. The Merger was accounted for as a common control transaction and reverse recapitalization in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”), as BT Assets controls BT OpCo both before and after the transactions. Legacy Bitcoin Depot is determined to be the predecessor and represents a continuation of BT OpCo’s balance sheet and consolidated statement of (loss) income and comprehensive (loss) income, reflective of the recapitalization of the Merger. As a result of the reverse capitalization accounting, the assets and liabilities of Legacy Bitcoin Depot are reflected by the Company at their historical cost with no additional goodwill or intangible assets recorded, accompanied by a recapitalization of the equity structure. In connection with the Merger, the Company’s Class A common stock is now listed on the National Association of Securities of Dealers Automated Quotations (“Nasdaq”) under the symbol BTM and the Warrants to purchase the Class A common stock are listed on the Nasdaq under the symbol BTMWW in lieu of the GSRM Ordinary Shares and GSRM’s warrants, respectively. GSRM’s units automatically separated into the GSRM’s Ordinary Shares and GSRM’s warrants and ceased trading separately on the Nasdaq following the Closing Date. Prior to the Merger, GSRM neither engaged in any operations nor generated any revenue. Until the Merger, based on GSRM’s business activities, it was a shell company as defined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The consolidated assets, liabilities and results of operations prior to the Merger reflect those of Legacy Bitcoin Depot, which represents the predecessor of the Company. All such references to the Company for periods prior to the Merger refer to the activity of Lux Vending, LLC. In connection with the Merger, the Company became the sole managing member of BT HoldCo, which holds all of the Company’s operating subsidiaries, and has the sole authority to make the key operating decisions on behalf of BT HoldCo. As such, the Company determined that BT HoldCo is a VIE and the Company is the primary beneficiary. Accordingly, these consolidated financial statements include the assets, liabilities and results of operations of BT HoldCo.
Use of Estimates	(b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates are used for, but not limited to, valuation of current and deferred income taxes, the determination of the useful lives of property and equipment, recoverability of intangible assets and goodwill, fair value of long-term debt, present value of lease liabilities and right-of-use assets, assumptions and inputs for fair value measurements used in business combinations, impairments of cryptocurrencies, share-based compensation and contingencies, including liabilities that the Company deems are not probable of assertion. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from these estimates.
Concentration of Credit Risk Arising from Cash Deposits in Excess of Insured Limits	(c) Concentration of Credit Risk Arising from Cash Deposits in Excess of Insured Limits The Company maintains cash in established U.S. and Canadian financial institutions that often will exceed federally insured limits. The Company has not experienced any losses in such accounts that are maintained at the financial institutions. The Company maintains cash balances in its BTMs and in fiat wallets with cryptocurrency exchanges to facilitate the purchase and sale of cryptocurrencies. The cash balances in the BTMs are insured up to a specified limit. From time to time, the Company’s cash balance in the BTMs exceeds such limits. The Company had cash balances of $ 12.5 million and $ 12.2 million in BTMs at June 30, 2024 and December 31, 2023, respectively. Cash maintained in fiat wallets with cryptocurrency exchanges is not insured. The Company had $ 0.1 million in cash with cryptocurrency exchanges as of June 30, 2024 and December 31, 2023. A significant customer concentration is defined as one from whom at least 10 % of revenue is derived. The Company had no significant customer concentration for the three and six months ended June 30, 2024 and 2023.
Cash and Cash Equivalents	(d) Cash and Cash Equivalents Cash and cash equivalents includes cash maintained at various financial institutions, cryptocurrency exchanges, and in BTMs owned and leased by the Company. Cash in transit consists of cash that is picked up by armored truck companies from the Company’s BTM machines but not yet deposited in the Company’s bank accounts. As of June 30, 2024 and December 31, 2023, the Company had cash in transit of $ 5.8 million and $ 5.3 million, respectively. Management evaluates cash in transit based on outstanding cash deposits on cash picked up by the armored truck companies, historical cash deposits and cash that is lost during transit, which is immaterial. The armored truck companies maintain insurance over theft and losses.
Cryptocurrencies	(e) Cryptocurrencies Cryptocurrencies are a unit of account that function as a medium of exchange on a respective blockchain network, a digital and decentralized ledger that keeps a record of all transactions that take place across a peer-to-peer network. The Company primarily purchases cryptocurrencies to sell to customers. The Company’s cryptocurrencies consisted primarily of Bitcoin (“BTC”) as of and for the three and six months ended June 30, 2024 and for the year ended December 31, 2023. The Company accounts for cryptocurrencies as indefinite-lived intangible assets in accordance with Accounting Standards Codification (“ASC”) 350, Intangibles - Goodwill and Other , and they are recorded on the Company’s consolidated Balance Sheets at cost, less any impairments. The Company has control and ownership of its cryptocurrencies which are stored in both the Company’s proprietary hot wallets and hot wallets hosted by a third-party, BitGo, Inc. The primary purpose of the Company’s operations is to buy and sell Bitcoin using the BTM kiosk network and other services. The Company does not engage in broker-dealer activities. The Company uses various exchanges and liquidity providers to purchase, liquidate and manage its cryptocurrency positions; however, this does not impact the accounting for these assets as intangible assets. In June 2024, the Company announced plans to allocate a portion of its cash reserves to Bitcoin. As of June 30, 2024, the Company had Bitcoin with an adjusted cost basis of $ 0.1 million allocated to its treasury strategy within Cryptocurrencies on its Consolidated Balance Sheets. Crypto Custody Asset and Safeguarding Liability In accordance with Staff Accounting Bulletin 121 (SAB 121), the Company determined that it has a safeguarding obligation with respect to cryptocurrencies held in third-party operator wallets and in a shared wallet with one of its liquidity providers. The Company has certain obligations to safeguard these assets and/or private keys from loss, theft, or other misuse. The Company has adopted measures to safeguard crypto assets it secures, including establishing security around private key management to minimize the risk of theft or loss. The Company measures the safeguarding obligation liability initially and subsequently at the fair value of the digital asset per the principal market in accordance with ASC 820, Fair Value Measurement , at midnight UTC on the last day of the reporting period. The custody asset is measured in the same manner, however, the carrying amount may be adjusted to reflect any actual or potential safeguarding loss events, such as those resulting from fraud or theft. Impairment Because the Company’s cryptocurrencies are accounted for as indefinite-lived intangible assets, the cryptocurrencies are tested for impairment annually or more frequently if events or changes in circumstances indicate it is more likely than not that the asset is impaired in accordance with ASC 350. The Company has determined that a decline in the quoted market price below the carrying value at any time during the assessed period is viewed as an impairment indicator because the cryptocurrencies are traded in active markets where there are observable prices. Therefore, the fair value is used to assess whether an impairment loss should be recorded. If the fair value of the cryptocurrency decreases below the initial cost basis or the carrying value during the assessed period, an impairment charge is recognized at that time in cost of revenue (excluding depreciation and amortization). After an impairment loss is recognized, the adjusted carrying amount of the cryptocurrency becomes its new accounting basis and this new cost basis will not be adjusted upward for any subsequent increase in fair value. For purposes of measuring impairment on its cryptocurrencies, the Company determines the fair value of its cryptocurrency on a non-recurring basis in accordance with ASC 820, Fair Value Measurement, based on quoted (unadjusted) prices on an active exchange in the United States that the Company has determined is its principal market (Level 1 inputs). The Company purchases cryptocurrencies, which are held in the Company’s hot wallets, on a just-in-time basis to facilitate sales to customers and mitigate exposure to volatility in cryptocurrency prices. The Company sells its cryptocurrencies to its customers from its BTM kiosks and BDCheckout locations in exchange for cash, for a prescribed transaction fee applied to the current market price of the cryptocurrency at the time of the transaction, plus a predetermined markup. When the cryptocurrency is sold to customers, the Company relieves the adjusted cost basis of its cryptocurrency, net of impairments, on a first-in, first-out basis within cost of revenue (excluding depreciation and amortization). The Company also allocates a portion of its cash reserves to Bitcoin. If the fair value of the cryptocurrency decreases below the initial cost basis or the carrying value during the period, an impairment charge is recognized at that time. After an impairment loss is recognized, the adjusted carrying amount of the cryptocurrency becomes its new accounting basis and will not be adjusted upward for any subsequent increase in fair value. The related cash flows from purchases and sales of cryptocurrencies are presented as cash flows from operating activities on the Consolidated Statements of Cash Flows. See Notes 2(i) and 2(j) to the consolidated financial statements for further information regarding the Company’s revenue recognition and cost of revenue related to the Company’s cryptocurrencies.
Property and Equipment	(f) Property and Equipment Property and equipment are stated at cost, less accumulated depreciation. Finance leases are stated at the present value of the future minimum lease payments, less accumulated depreciation. Expenditures for maintenance and repairs are expensed as incurred. The cost of assets sold, retired, or otherwise disposed of, and the related accumulated depreciation are eliminated from their respective accounts and any resulting gain or loss is recognized in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income upon disposition. Depreciation of property and equipment is determined using the straight-line method over the estimated useful lives of the assets, which are as follows: Furniture and fixtures 7 years Leasehold improvements Lesser of estimated useful life or life of the lease Kiosk machines - owned 5 years Kiosk machines - leased 2 - 5 years Vehicles 5 years Depreciation expense for the six months ended June 30, 2024 and 2023 totaled $ 5.2 million, and $ 5.5 million, respectively. Depreciation expense for the three months ended June 30, 2024 and 2023 totaled $ 2.6 million and $ 3.1 million, respectively.
Impairment of Long-Lived Assets	(g) Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be fully recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset group to its fair value, which is normally determined through analysis of the future net cash flows expected to be generated by the asset group. If such asset group is considered to be impaired, the impairment to be recognized is measured by the amount that the carrying amount of the asset group exceeds the fair value of the asset group. There were no impairments of long-lived assets for the three and six months ended June 30, 2024 and 2023.
Goodwill and Intangible Assets, net	(h) Goodwill and Intangible Assets, net Goodwill represents the excess of the consideration transferred over the estimated fair value of the acquired assets, assumed liabilities, and any non-controlling interest in the acquired entity in a business combination. The Company tests for impairment at least annually, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. The Company performs their annual test for impairment as of December 31 at the reporting unit level. There was no impairment of goodwill for the three and six months ended June 30, 2024 and 2023. Intangible assets, net consists of tradenames, customer relationships, and software applications. Intangible assets with finite lives are amortized over their estimated lives and evaluated for impairment when an event or change in circumstances occurs that warrants such a review. Management periodically evaluates whether changes to estimated useful lives of intangible assets are necessary to ensure its estimates accurately reflect the economic use of the related intangible assets.
Revenue Recognition	(i) Revenue Recognition BTM Kiosks and BDCheckout Revenue is principally derived from the sale of cryptocurrencies at the point-of-sale on transactions initiated by customers. These customer-initiated transactions are governed by terms and conditions agreed to at the time of each point-of-sale transaction and do not extend beyond the transaction. The Company charges a fee at the transaction level. The transaction price for the customer is the price of the cryptocurrency, which is based on the exchange value at the time of the transaction, plus a markup, and a flat fee. The exchange value is determined using real-time exchange prices and the markup percentage is determined by the Company and depends on the current market, competition, the geography of the location of the sale, and the method of purchase. The Company’s revenue from contracts with customers is principally comprised of a single performance obligation to provide cryptocurrencies when customers buy cryptocurrencies at a BTM kiosk or through BDCheckout. BDCheckout sales are similar to sales from BTM kiosks in that, customers buy cryptocurrencies with cash; however, the BDCheckout transactions are completed at the checkout counter of retail locations, initiated using the Bitcoin Depot mobile app instead of through the BTM kiosks. Regardless of the method by which the customer purchases the cryptocurrency, the Company considers its performance obligation satisfied when control of the cryptocurrency is transferred to the customer, which is at the point in time the cryptocurrency is transferred to the customer’s cryptocurrency wallet and the transaction validated on the blockchain. The typical process time for our transactions with customers is 30 minutes or less. Contract liabilities are amounts received from customers in advance of the Company transferring the cryptocurrencies to the customer’s wallet and the transaction validated on the blockchain. Contract liabilities are presented in “Deferred revenue” on the consolidated balance sheets and are not material as of June 30, 2024 and December 31, 2023. Judgment is required in determining whether the Company is the principal or the agent in transactions with customers. The Company evaluates the presentation of revenue on a gross or net basis based on whether it controls the cryptocurrency before control is transferred to the customer (gross) or whether it acts as an agent by arranging for other customers on the platform to provide the cryptocurrency to the customer (net). The Company controls the cryptocurrency before it is transferred to the customer, has ownership risk related to the cryptocurrency (including market price volatility), sets the transaction fee to be charged, and is responsible for transferring the cryptocurrency to the customer upon purchase. Therefore, the Company is the principal in transactions with customers and presents revenue and cost of revenue (excluding depreciation and amortization) from the sale of cryptocurrencies on a gross basis.
Cost of Revenue (excluding depreciation and amortization)	(j) Cost of Revenue (excluding depreciation and amortization) The Company’s cost of revenue consists primarily of direct costs related to selling cryptocurrencies and operating the Company’s network of BTM kiosks. The cost of revenue (excluding depreciation and amortization) caption includes cryptocurrency expenses, floorspace lease expenses, and kiosk operations expenses. Cryptocurrency expenses Cryptocurrency expenses include the cost of cryptocurrencies, fees paid to obtain cryptocurrencies, impairment of cryptocurrencies, gains on sales of cryptocurrencies on exchange, fees paid to operate the software on the BTM kiosks, and fees paid to transfer cryptocurrencies to customers. Floorspace lease expenses Floorspace lease expenses include lease expense for floorspace leases related to the placement of BTM kiosks. Kiosk Operations expenses Kiosk operations expenses include the cost of kiosk repair and maintenance and the cost of armored trucks to collect and transport cash deposited into the BTM kiosks. The Company presents cost of revenue in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income exclusive of depreciation related to BTM kiosks and amortization of intangible assets related to software applications, tradenames and customer relationships.
Advertising	(k) Advertising The Company expenses advertising costs as incurred. Advertising expenses were $ 3.3 million and $ 2.6 million for the six months ended June 30, 2024 and 2023, respectively. Advertising expense for the three months ended June 30, 2024 and 2023 were $ 1.6 million and $ 1.5 million, respectively. Amounts are included in selling, general and administrative expenses in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income.
Foreign Currency	(l) Foreign Currency The functional currency of the Company is the USD. The functional currency of Express Vending, Inc. is the Canadian Dollar. All revenue, cost and expense accounts are translated at an average of exchange rates in effect during the period. Assets and liabilities recorded in foreign currencies are translated at the exchange rate as of the balance sheet date. The resulting translation adjustments are recorded as a separate component of Stockholders’ Equity, identified as accumulated other comprehensive loss.
Income Taxes	(m) Income Taxes Bitcoin Depot Inc. is treated as a corporation for federal income tax purposes. BT HoldCo is treated as a partnership for federal income tax purposes. Bitcoin Depot Operating, LLC is a single-member limited liability company and owned by BT HoldCo and with the consent of BT HoldCo, has elected under the Internal Revenue Code and similar state statutes to be a disregarded entity. In lieu of federal corporate income taxes, Bitcoin Depot Operating, LLC reflects its operating results on BT HoldCo’s federal tax return as a division of the partnership. As such, there were no federal income taxes for these entities. Mintz Assets, Inc., is treated as a corporation for federal income tax purposes. Intuitive Software, LLC., and its wholly owned subsidiary, Digital Gold, are treated as corporations for federal income tax purposes. BitAccess Inc., and Express Vending, Inc., are each taxed as Canadian corporations. For the six months ended June 30, 2024 and 2023, there was no activity for Mintz Assets, Inc., Intuitive Software, LLC and Digital Gold. As such, there were no federal income taxes for these entities. Deferred taxes are recognized for future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax basis and net operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of any tax rate change on deferred taxes is recognized in the period that includes the enactment date of the tax rate change. Realization of deferred tax assets is assessed on an annual basis and, unless a deferred tax asset is more likely than not to be utilized, a valuation allowance is recorded to write down the deferred tax assets to their net realizable value. In assessing the realizability of deferred income tax assets, management considers whether it is more-likely-than-not that some portion or all of the deferred income tax assets will be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those deductible temporary differences reverse. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. For uncertain income tax positions, the Company uses a more-likely-than-not recognition threshold based on the technical merits of the income tax position taken. Income tax positions that meet the more-likely-than-not recognition threshold are measured in order to determine the tax benefit recognized in the financial statements. The Company recognizes accrued interest related to unrecognized tax benefits as part of income tax expense. Penalties, if incurred, are recognized as a component of income tax expense.
Fair Value of Financial Instruments	(n) Fair Value of Financial Instruments Certain assets and liabilities are reported or disclosed at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the Company’s principal market for such transactions. If the Company has not established a principal market for such transactions, fair value is determined based on the most advantageous market. The Company uses a three-level hierarchy that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques. The three levels of the fair value hierarchy are described below: • Level 1: Quoted (unadjusted) prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. • Level 2: Inputs other than quoted prices that are either directly or indirectly observable, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3: Inputs that are generally unobservable, supported by little or no market activity, and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The categorization of an asset or liability within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The valuation techniques used by the Company when measuring fair value maximize the use of observable inputs and minimize the use of unobservable inputs.
Share-Based Compensation	(o) Share-Based Compensation BitAccess The Company maintains an equity award plan under which the officers and employees of BitAccess were awarded various types of share-based compensation, including options to purchase shares of BitAccess’ common stock and restricted stock units. For stock options, share-based compensation expense is based on the fair value of the awards on the date of grant, as estimated using the Black-Scholes option pricing model. The model requires management to make a number of assumptions, including the fair value and expected volatility of BitAccess' underlying BitAccess common stock price, expected life of the option, risk-free interest rate, and expected dividend yield. The fair value of the underlying stock is the estimated fair value of BitAccess common stock on the date of grant. The expected stock price volatility assumption for BitAccess' stock is determined by using a weighted average of the historical stock price volatility of comparable companies from a representative peer group, as BitAccess stock is not actively traded. The Company uses historical exercise information and contractual terms of options to estimate the expected term. The risk-free interest rate for periods within the expected life of the option is based on the U.S. Treasury zero coupon bonds with terms consistent with the expected term of the award at the time of grant. The expected dividend yield assumption is based on BitAccess’ history and expectation of no dividend payouts. 2023 Omnibus Incentive Plan In conjunction with the close of the Merger the Company established the Bitcoin Depot Inc. 2023 Omnibus Incentive Plan (the “Incentive Plan”) under which officers, directors, and employees may be awarded various types of share-based compensation, including but not limited to, restricted stock, stock options, and restricted stock units. Under the Incentive Plan, the Company has granted time-based and issued performance-based restricted stock units ("RSUs"). The Company recognizes compensation expense for the RSUs in accordance with ASC 718 - Compensation - Stock Compensation , ("ASC 718"). For RSUs, share-based compensation expense is based on the fair value of the Company’s Class A common stock at the closing price on the day before the date of grant. Share-based compensation expense associated with time-based RSUs is recognized on a straight-line basis over the award’s requisite service period (generally the vesting period). Share-based compensation expense associated with performance-based RSUs is determined based on the number of performance-based RSUs that are earned based on the Company's achievement of certain adjusted EBITDA targets that are determined and approved by the Company's Compensation Committee at its sole discretion. Forfeitures of awards granted under the Incentive Plan are accounted for at the time the forfeiture occurs.
Segment Reporting	p) Segment Reporting Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (the “CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is the Company’s CODM. The CODM reviews financial information presented on a global, consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. As such, the Company has determined that it operates as one operating segment and one reportable segment.
Litigation	(r) Litigation The Company assesses legal contingencies in accordance with ASC 450 - Contingencies and determines whether a legal contingency is probable, reasonably possible or remote. When contingencies become probable and can be reasonably estimated, the Company records an estimate of the probable loss. When contingencies are considered probable or reasonably possible but cannot be reasonably estimated, the Company discloses the contingency when the probable or reasonably possible loss could be material. Legal costs are expensed in the period in which the costs are incurred.
Earnouts	(s) Earnouts At the closing of the Merger, GSRM received a total of 1,075,761 earnout shares (“Sponsor Earnout Shares”) in the form of Class E common stock of the Company. In current form, the Sponsor Earnout Shares are represented by the Company’s Class E-1, E-2, and E-3 common stock, each class comprising of one-third (1/3) of the total Sponsor Earnout Shares, or 358,587 shares each. Class E-1 Shares automatically convert to Class A common stock if during the seven-year period following the closing of the Merger, the Company’s stock price is greater than $ 12.00 over 10 trading days (which may be consecutive or not consecutive) within any 20 consecutive trading days (“First Milestone”). Class E-2 and Class E-3 are subject to similar milestones. The “Second Milestone” is reached when the Company’s stock price is greater than $ 14.00 per share over any 10 trading days (which may be consecutive or not consecutive) within any 20 consecutive trading days during the seven-year period following the Merger. The “Third Milestone” has a threshold of $ 16.00 per share over any 10 trading days (which may be consecutive or not consecutive) within any 20 consecutive trading days during the 10-year period following the Merger. In addition to the Sponsor Earnout Shares, certain owners of BT HoldCo are entitled to receive an additional 15,000,000 BT HoldCo Earnout Units (“BT Earnout”). The BT Earnout is structured similarly to the Sponsor Earnout Shares with consistent milestones and vesting conditions. The Company evaluated the Sponsor Earnout Shares and BT HoldCo Earnout Shares under ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity , and concluded equity classification is appropriate. As equity-classified contracts, the Sponsor Earnout Shares are not subject to remeasurement provided the conditions for equity-classification continue to be met. The Sponsor Earnout Shares have been recorded in connection with the reverse recapitalization accounting as part of the adjustment to accumulated deficit due to the absence of additional paid in capital. In connection with the Merger, the BT Earnout will be settled in Common Units which represent non-controlling interest, to be measured under the hypothetical liquidation at book value method, as described further in Note 10.
Warrants	(t) Warrants In connection with the Merger, the Company assumed a total of 43,848,750 Warrants, consisting of 31,625,000 Public Warrants and 12,223,750 Private Placement Warrants issued by GSRM which continue to be outstanding following the Merger. The outstanding Warrants are accounted for as freestanding equity contracts and are classified in equity under ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity.
Emerging Growth Company Status	(u) Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act and reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements.
Common Class A [Member]
Property, Plant and Equipment [Line Items]
Net Income Per Share Attributable to Class A Common Stock	(q) Net Income Per Share Attributable to Class A Common Stock Basic earnings per share of Class A common stock is computed by dividing net income attributable to the Company by the weighted-average number of shares of Class A common stock outstanding and Series A Preferred Stock outstanding, which has similar economic rights to the Class A common stock during the same period. Diluted net income per share of Class A common stock is computed by dividing net income attributable to the Company by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. Potential shares of common stock consist of incremental shares issuable upon the assumed exercise of stock options and warrants, vesting of RSUs, vesting of Class E common stock and Class V common stock and conversion of the Company’s preferred stock, as applicable. The weighted-average shares outstanding used to compute net income per common share, basic and diluted, were 19,432,011 and 18,016,761 for t he three and six months ended June 30, 2024, respectively.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule Of Depreciation Of Property Plant And Equipment	Depreciation of property and equipment is determined using the straight-line method over the estimated useful lives of the assets, which are as follows: Furniture and fixtures 7 years Leasehold improvements Lesser of estimated useful life or life of the lease Kiosk machines - owned 5 years Kiosk machines - leased 2 - 5 years Vehicles 5 years

Merger (Tables)

Merger (Tables)	6 Months Ended
	Jun. 30, 2024
Merger [Abstract]
Schedule Of transaction funding, sources and uses of cash, and merger related earn-outs and warrants (Detail)	The following summarizes the elements of the Merger to the consolidated Statement of Cash flows, including the transaction funding, sources and uses of cash (in thousands): Recapitalization Cash - GSR II Meteora Acquisition Corp Trust $ 332,102 Less: GSRM transactions cost paid from Trust (1) ( 25,958 ) Less: Purchase of BT HoldCo common units from BT Assets ( 10,066 ) Less: Redemptions of existing shareholders of GSRM ( 292,735 ) Net proceeds from SPAC shareholders 3,343 Assumed net liabilities from GSRM, excluding net cash proceeds ( 6,847 ) Net Impact of the Merger on the Statement of Changes in Stockholders' Equity $ ( 3,504 ) (1) Includes the following: Transaction costs paid from SPAC trust account include $ 18.7 million of non-redemption payments, $ 4.9 million of other transaction-related expenses and $ 2.4 million of franchise and income taxes, all of which were recorded by GSRM.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Disaggregation of Revenue [Abstract]
Summary of revenue disaggregated by revenue stream	Revenue disaggregated by revenue stream is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 BTM Kiosks $ 162,291 $ 196,916 $ 300,067 $ 359,942 BDCheckout 186 241 396 601 Company Website 187 89 548 168 Software Services 127 150 263 288 Hardware Revenue 275 78 331 78 Total Revenue $ 163,066 $ 197,474 $ 301,605 $ 361,077

Cost of Revenue (Tables)

Cost of Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization [Abstract]
Summary of cost of revenue (excluding depreciation and amortization)	The following table presents cost of revenue (excluding depreciation and amortization) by category (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cryptocurrency expenses $ 121,759 $ 153,193 $ 230,223 $ 280,854 Floorspace lease expenses 9,120 8,749 17,656 17,782 Kiosk operations expenses 5,829 5,300 10,116 9,907 Total Cost of Revenue (excluding depreciation and amortization reported separately) $ 136,708 $ 167,242 $ 257,995 $ 308,543
Summary of components of cryptocurrency expenses	The following table presents the components of cryptocurrency expenses (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of Cryptocurrency (1) - BTM Kiosk $ 121,252 $ 152,783 $ 229,309 $ 279,874 Cost of Cryptocurrency (1) - BDCheckout 159 206 339 515 Software Processing Fees 38 54 45 259 Exchange Fees — 2 — 20 Mining Fees 307 144 525 177 Software Processing Fee - BDCheckout 3 4 5 9 Total cryptocurrency expenses $ 121,759 $ 153,193 $ 230,223 $ 280,854 (1) Cost of Cryptocurrency includes impairment losses recognized on cryptocurrencies net of any gains recognized from sales of cryptocurrencies on an exchange . Impairment of $ 2.0 million and $ 2.4 million were offset by gains from the sale of cryptocurrencies on exchange of $ 0.0 million and $ 0.1 million for the three months ended June 30, 2024 and 2023, respectively. Impairment of $ 4.1 million and $ 4.6 million were offset by gains from the sale of cryptocurrencies on exchange of $ 0.0 million and $ 0.1 million for the six months ended June 30, 2024 and 2023.
Summary of reconciles amounts excluded from the cost of revenue	The following table reconciles amounts excluded from the cost of revenue (excluding depreciation and amortization) caption in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income included in total depreciation and amortization expense in the Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income for the period presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Depreciation of owned BTM kiosks $ 1,293 $ 193 $ 2,535 $ 875 Depreciation of leased BTM kiosks 1,328 2,852 2,589 4,514 Amortization of intangible assets 355 378 733 752 Total depreciation and amortization excluded from cost of revenue $ 2,976 $ 3,423 $ 5,857 $ 6,141 Other depreciation and amortization included in operating expenses 16 76 82 154 Total depreciation and amortization $ 2,992 $ 3,499 $ 5,939 $ 6,295

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Summary of estimated fair value and level of the contingent consideration liability	The following table presents the changes in the estimated fair value and level of the contingent consideration liability (in thousands): Beginning balance - January 1, 2023 $ 1,841 Change in fair value during the period 69 Payment made during the period — Balance - March 31, 2023 1,910 Change in fair value during the period 73 Payment made during the period — Balance - June 30, 2023 1,983 Change in fair value during the period 17 Payment made during the period ( 2,000 ) Ending balance - December 31, 2023 $ —

Prepaid expenses and other cu_2

Prepaid expenses and other current assets (Tables)	6 Months Ended
	Jun. 30, 2024
Prepaid Expense and Other Assets, Current [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	The following table presents Prepaid expenses and other current assets (in thousands): June 30, 2024 December 31, 2023 Prepaid expenses $ 5,163 $ 2,334 Cryptocurrency safeguarding asset 2,878 3,040 Other current assets 1,736 1,180 Prepaid expenses and other current assets $ 9,777 $ 6,554

Accrued expenses and other cu_2

Accrued expenses and other current liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Accrued Liabilities and Other Liabilities [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	The following table presents Accrued expenses and other current liabilities (in thousands): June 30, 2024 December 31, 2023 Payables to liquidity providers $ 6,234 $ 5,143 Cryptocurrency safeguarding liability 2,878 3,040 Accrued expenses 12,479 13,362 Accrued expenses and other current liabilities $ 21,591 $ 21,545

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	6 Months Ended
	Jun. 30, 2024
Noncontrolling interest [Abstract]
Summary of Changes in the Balances Non-controlling Interests	The following table presents the changes in the balances of non-controlling interests for the three and six months ended June 30, 2024 (in thousands): BitAccess BT HoldCo Total Beginning balance January 1, 2024 $ 2,707 $ 22,480 $ 25,187 Distributions — ( 916 ) ( 916 ) Share-based compensation expense 8 — 8 Foreign currency translation — 9 9 Net income (loss) 4 ( 2,694 ) ( 2,690 ) Balance at March 31, 2024 2,719 18,879 21,598 Distributions — ( 6,832 ) ( 6,832 ) Share-based compensation expense 8 — 8 Foreign currency translation — 4 4 Redemption of non-controlling interest — ( 585 ) ( 585 ) Net income (loss) 40 6,871 6,911 Ending balance June 30, 2024 $ 2,767 $ 18,337 $ 21,104
Schedule of Ownership Interests	The following table summarizes the ownership interests in BT HoldCo common units: As of June 30, 2024 As of December 31, 2023 BT HoldCo Ownership % BT HoldCo Ownership % Number of BT HoldCo interests held by Bitcoin Depot Inc. 20,420,855 31.65 % 16,727,691 27.50 % Number of BT HoldCo interests held by non-controlling interest holders 41,193,024 68.35 % 44,100,000 72.50 % Total BT HoldCo interests outstanding 61,613,879 100.00 % 60,827,691 100.00 %
Schedule of Redemptions	The following table summarizes the redemptions BT HoldCo interests: Three and Six Months Ended June 30, 2024 Year Ended December 31, 2023 Redemption and acquisition of BT HoldCo interests: Number of BT HoldCo interests redeemed by the non-controlling interest holders 2,906,976 — Number of BT HoldCo interests received by PubCo 2,906,976 — Issuance of Class A common stock: Shares of Class A common stock issued in connection with the redemption of BT HoldCo interests 2,906,976 — Cancellation of BT HoldCo common units and Class V units: Number of BT HoldCo common Units surrendered 2,906,976 — Number of PubCo Class V units surrendered 2,906,976 —

Cryptocurrencies (Tables)

Cryptocurrencies (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of the adjusted cost basis of cryptocurrencies	The following tables present additional information about the adjusted cost basis of cryptocurrencies, including those allocated to the Company's treasury strategy, (in thousands): BTC ETH Total Beginning balance—January 1, 2024 $ 711 $ 1 $ 712 Purchase or receipts of cryptocurrency 108,094 — 108,094 Cost of cryptocurrencies sold or distributed ( 106,303 ) — ( 106,303 ) Impairment of cryptocurrencies ( 2,062 ) — ( 2,062 ) Balance—March 31, 2024 $ 440 $ 1 $ 441 Purchase or receipts of cryptocurrency 121,874 — 121,874 Cost of cryptocurrencies sold or distributed ( 119,675 ) — ( 119,675 ) Impairment of cryptocurrencies ( 2,040 ) — ( 2,040 ) Balance—June 30, 2024 $ 599 $ 1 $ 600 BTC ETH LTC Total Beginning balance—January 1, 2023 $ 523 $ 9 $ 8 $ 540 Purchase or receipts of cryptocurrency 127,530 4 3 127,537 Cost of cryptocurrencies sold or distributed ( 125,465 ) ( 12 ) ( 11 ) ( 125,488 ) Impairment of cryptocurrencies ( 2,187 ) — — ( 2,187 ) Balance—March 31, 2023 $ 401 $ 1 $ — $ 402 Purchase or receipts of cryptocurrency 153,351 — — 153,351 Cost of cryptocurrencies sold or distributed ( 150,552 ) — — ( 150,552 ) Impairment of cryptocurrencies ( 2,390 ) — — ( 2,390 ) Balance—June 30, 2023 $ 810 $ 1 $ — $ 811

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of notes payable	Notes payable consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands): Notes Payable as of June 30, 2024 Notes Payable as of December 31, 2023 Credit Agreement Other Debt Total Credit Agreement Other Debt Total Credit agreement $ 34,583 $ — $ 34,583 $ 19,920 $ — $ 19,920 Other debt — 6,589 6,589 — 2,597 2,597 Plus: exit fee due upon repayment of debt 3,098 — 3,098 1,764 — 1,764 Less: unamortized deferred financing costs ( 1,111 ) — ( 1,111 ) ( 3,195 ) — ( 3,195 ) Total notes payable 36,570 6,589 43,159 18,489 2,597 21,086 Less: current portion of notes payable ( 3,429 ) ( 937 ) ( 4,366 ) ( 2,283 ) ( 1,702 ) ( 3,985 ) Notes payable, non-current $ 33,141 $ 5,652 $ 38,793 $ 16,206 $ 895 $ 17,101
Schedule of maturities of long-term debt	At June 30, 2024, aggregate future principal payments are as follows (in thousands): Aggregate Future Principal Payments at June 30, 2024 Credit Agreement Other Debt Total Remainder of 2024 $ 1,245 $ 480 $ 1,725 2025 4,733 914 5,647 2026 28,605 1,105 29,710 2027 — 437 437 2028 — 322 322 Thereafter — 3,331 3,331 Total $ 34,583 $ 6,589 $ 41,172

Common Stock, Preferred Stock_2

Common Stock, Preferred Stock and Stockholders Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of capital stock	The total number of shares of capital stock which the Company shall have authority to issue is 2,223,250,000 , divided into the following: As of June 30, 2024 Series A Preferred Class A Class B Class E Class M Class O Class V Shares authorized 50,000,000 800,000,000 20,000,000 2,250,000 300,000,000 800,000,000 300,000,000 Shares outstanding 3,075,000 17,155,235 — 1,075,761 — — 41,193,024 Par value $ 0.0001 $ 0.0001 $ 0.0001 $ 0.0001 $ 0.0001 $ 0.0001 $ 0.0001

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of performance stock units and restricted stock units activity	Amount of PSUs PSU Weighted-average Amount of RSUs RSU Weighted-average Outstanding at January 1, 2024 — $ — 1,352,085 $ 3.59 Granted 580,116 $ 1.90 1,037,286 $ 1.90 Vested ( 580,116 ) $ 1.90 ( 206,072 ) $ 3.58 Forfeited — $ — ( 55,481 ) $ 2.95 Outstanding at June 30, 2024 — $ — 2,127,818 $ 2.78
Employee Stock Option [Member] | Bit Access Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of bitaccess plan's stock option activity	A summary of the BitAccess Plan’s stock option activity and related information is as follows: Amount or Weighted-average Weighted-average Weighted-average Outstanding at January 1, 2024 43,780 $ 2.86 8.60 $ 1.21 Granted — $ — — $ — Exercised — $ — — $ — Outstanding at June 30, 2024 43,780 $ 2.86 8.10 $ 3.09 Vested and exercisable at June 30, 2024 17,722 $ 2.86 — $ 3.10 Amount or Weighted-average Weighted-average Weighted-average Outstanding at January 1, 2023 106,938 $ 1.04 8.86 $ 1.13 Granted 39,600 $ 2.86 9.76 $ 3.05 Exercised ( 68,058 ) $ — — $ 4.44 Outstanding at June 30, 2023 78,480 $ 2.86 9.21 $ 3.09 Vested and exercisable at June 30, 2023 4,167 $ 2.86 — $ 3.07
Restricted Stock Units (RSUs) [Member] | Bit Access Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of bitaccess plan's stock option activity	A summary of the BitAccess Plan’s BitAccess RSU award activity for the three and six months ended June 30, 2023 is as follows: Restricted Outstanding at January 1, 2023 81,142 Exercised ( 23,308 ) Outstanding at March 31, 2023 57,834 Exercised ( 32,193 ) Outstanding at June 30, 2023 25,641 Forfeited ( 25,641 ) Outstanding at December 31, 2023 —

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of loss per share and weighted average of common stock outstanding	Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss attributable to Bitcoin Depot Inc. - basic and diluted $ ( 2,561 ) $ ( 10,699 ) $ ( 4,099 ) $ ( 10,699 ) Denominator: Weighted average common stock outstanding - basic and diluted 19,432,011 16,658,691 18,016,761 16,658,691 Net loss per share - Bitcoin Depot Inc. $ ( 0.13 ) $ ( 0.64 ) $ ( 0.23 ) $ ( 0.64 )
Schedule of securities were not included in the computation of diluted shares outstanding	The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period: Class of security Number of PubCo Warrants - Public and Private 43,848,750 PubCo Class E Common Stock - Earnouts Units 1,075,761 BT OpCo Founder Convertible Preferred Units(1)(2) 2,900,000 BT OpCo Exchangeable Non-Controlling Interest(1)(2) 38,293,024 BT OpCo Earnouts Units(1) 15,000,000 2023 Incentive Plan RSU awards 2,127,818 (1) Held at BT Assets and exchangeable into Class A common stock of the Company or cash upon the occurrence of certain conditions. (2) Held at BT Assets and can be exchanged into Class A common stock of the Company.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Lessee Disclosure [Abstract]
Schedule of components of lease expense	The components of the lease expense are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Finance lease expense: Amortization of right-of-use-assets $ 1,324 $ 2,852 $ 2,585 $ 4,514 Interest on lease liabilities 364 1,565 739 2,672 Total finance lease expense 1,688 4,417 3,324 7,186 Operating lease expense 261 57 361 109 Short-term lease expense 8,919 8,749 17,395 17,782 Total lease expense $ 10,868 $ 13,223 $ 21,080 $ 25,077 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Other information: Operating cash flows used for finance leases $ ( 365 ) $ ( 1,565 ) $ ( 768 ) $ ( 2,672 ) Operating cash flows used for operating leases $ ( 291 ) $ ( 57 ) $ ( 409 ) $ ( 114 ) Financing cash flows used for finance leases $ ( 2,297 ) $ ( 3,547 ) $ ( 4,193 ) $ ( 6,701 ) June 30, 2024 December 31, 2023 Weighted-average remaining lease term - finance leases 1.5 years 1.6 years Weighted-average remaining lease term - operating leases 3.2 years 2.3 years Weighted-average discount rate - finance leases 18.5 % 17.9 % Weighted-average discount rate - operating leases 16.9 % 16.6 %
Schedule of maturities of noncancellable operating lease liabilities	Maturities of the lease liability under the noncancellable operating leases as of June 30, 2024 are as follows (in thousands): Operating Leases Remainder of 2024 $ 593 2025 1,051 2026 951 2027 417 2028 248 Thereafter 49 Total undiscounted lease payments 3,309 Less: imputed interest ( 742 ) Total operating lease liability 2,567 Less: operating lease liabilities, current ( 813 ) Operating lease liabilities, net of current portion $ 1,754
Schedule of maturities of noncancellable finance lease liabilities	Maturities of the lease liability under the noncancellable finance leases as of June 30, 2024 are as follows (in thousands): Finance Leases Remainder of 2024 $ 3,823 2025 3,536 2026 1,145 Total undiscounted lease payments 8,504 Less: imputed interest ( 1,090 ) Total finance lease liability 7,414 Less: current installments of obligations under finance leases ( 4,761 ) Obligations under finance leases, excluding current installments $ 2,653

Organization and Background - A

Organization and Background - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Product Information [Line Items]
Current assets	$ 54,636		$ 54,636			$ 37,270
Cash and cash equivalents	43,942		43,942			29,759
Current liabilities	46,916		46,916			46,025
Accumulated deficit	(36,762)		(36,762)			(32,663)
Stockholders' equity	4,443	$ 4,780	4,443	$ 4,780	$ 4,981	$ 9,373	$ 15,213	$ 9,444
Net income (loss)	$ 4,350	$ (4,006)	122	2,075
Amount regulates digital financial asset transaction limit per day			1,000
Digital Assets Involved Transaction Amount			$ 5
Digital assets involved transaction, percentage			15%
Cash flows from operations			$ 11,475	26,599
Cash flows provided by financing activities			$ 5,851	$ (36,727)

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail)		3 Months Ended		6 Months Ended
	Jun. 30, 2023 shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2024 USD ($) Segment $ / shares shares	Jun. 30, 2023 USD ($) shares	Dec. 31, 2023 USD ($) shares
Property, Plant and Equipment [Line Items]
Cash In Transit | $		$ 5,800,000		$ 5,800,000		$ 5,300,000
Cryptocurrencies | $		600,000		600,000		$ 712,000
Depreciation | $		$ 2,600,000	$ 3,100,000	5,200,000	$ 5,500,000
Impairment of long lived assets held for use | $				0	0
Impairment of goodwill | $				0	$ 0
Federal income tax expense benefit | $				$ 0
Number of operating segments | Segment				1
Number of reporting segments | Segment				1
Weighted average common stock outstanding - basic		19,432,011	16,658,691	18,016,761	16,658,691
Weighted average common stock outstanding - diluted		19,432,011	16,658,691	18,016,761	16,658,691
Class of Warrant or Right, Outstanding		43,848,750		43,848,750
Bitcoin [Member]
Property, Plant and Equipment [Line Items]
Cryptocurrencies | $		$ 100,000		$ 100,000
Public Warrants [Member]
Property, Plant and Equipment [Line Items]
Class of Warrant or Right, Outstanding		31,625,000		31,625,000
Private Warrants [Member]
Property, Plant and Equipment [Line Items]
Class of Warrant or Right, Outstanding		12,223,750		12,223,750
BT Hold Co [Member]
Property, Plant and Equipment [Line Items]
Additional earnout shares issuable		15,000,000		15,000,000
GSRM [Member]
Property, Plant and Equipment [Line Items]
Class of warrants or rights assumed in the course of business combination		43,848,750		43,848,750
GSRM [Member] | Public Warrants [Member]
Property, Plant and Equipment [Line Items]
Class of warrants or rights assumed in the course of business combination		31,625,000		31,625,000
GSRM [Member] | Private Warrants [Member]
Property, Plant and Equipment [Line Items]
Class of warrants or rights assumed in the course of business combination		12,223,750		12,223,750
Bt Assets [Member]
Property, Plant and Equipment [Line Items]
Number of shares issued	44,100,000
Bt Assets [Member] | Founder Preferred Stock [Member]
Property, Plant and Equipment [Line Items]
Limited Liability Company (LLC) Preferred Unit, Outstanding	2,900,000		2,900,000		2,900,000
Bt Assets [Member] | Class 1 Earnout Units [Member]
Property, Plant and Equipment [Line Items]
Earnout Unit Outstanding					5,000,000
Bt Assets [Member] | Class 2 Earnout Units [Member]
Property, Plant and Equipment [Line Items]
Earnout Unit Outstanding					5,000,000
Bt Assets [Member] | Class 3 Earnout Units [Member]
Property, Plant and Equipment [Line Items]
Earnout Unit Outstanding					5,000,000
Bitcoin Depot Inc. [Member]
Property, Plant and Equipment [Line Items]
Common unit, issued	12,358,691		12,358,691		12,358,691
Common Unit, Outstanding	12,358,691		12,358,691		12,358,691
Limited Liability Company (LLC) Preferred Unit, Outstanding	4,300,000		4,300,000		4,300,000
Class of Warrant or Right, Outstanding	43,848,750		43,848,750		43,848,750
Class E One Common Stock [Member] | Sponsor [Member] | GSRM [Member]
Property, Plant and Equipment [Line Items]
Earnout shares issuable		358,587		358,587
Period post merger during which the stock price is determined				7 years
Minimum stock price triggering earnout share issue | $ / shares				$ 12
Threshold number of trading days for determining the share price				10 days
Threshold number of consecutive trading days for determining the share price				20 days
Class E Two Common Stock [Member] | Sponsor [Member] | GSRM [Member]
Property, Plant and Equipment [Line Items]
Earnout shares issuable		358,587		358,587
Period post merger during which the stock price is determined				7 years
Minimum stock price triggering earnout share issue | $ / shares				$ 14
Threshold number of trading days for determining the share price				10 days
Threshold number of consecutive trading days for determining the share price				20 days
Class E Three Common Stock [Member] | Sponsor [Member] | GSRM [Member]
Property, Plant and Equipment [Line Items]
Earnout shares issuable		358,587		358,587
Period post merger during which the stock price is determined				10 years
Minimum stock price triggering earnout share issue | $ / shares				$ 16
Threshold number of trading days for determining the share price				10 days
Threshold number of consecutive trading days for determining the share price				20 days
Class A Common Stock [Member]
Property, Plant and Equipment [Line Items]
Common stock, shares outstanding		17,155,235		17,155,235		13,482,047
Class A Common Stock [Member] | Sponsor [Member] | GSRM [Member]
Property, Plant and Equipment [Line Items]
Earnout shares issuable		1,075,761		1,075,761
Series A Preferred Stock [Member]
Property, Plant and Equipment [Line Items]
Preferred stock, shares outstanding		3,075,000		3,075,000		3,125,000
Common Stock [Member] | Bitcoin Depot Inc. [Member]
Property, Plant and Equipment [Line Items]
Common Unit, Outstanding	41,200,000		41,200,000		41,200,000
Selling, General and Administrative Expenses [Member]
Property, Plant and Equipment [Line Items]
Advertising expenses | $		$ 1,600,000	$ 1,500,000	$ 3,300,000	$ 2,600,000
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | No Major Customer [Member]
Property, Plant and Equipment [Line Items]
Concentration risk percentage				10%	10%
Bitcoin Teller Machine [Member]
Property, Plant and Equipment [Line Items]
Cash balances | $		12,500,000		$ 12,500,000		$ 12,200,000
Cryptocurrency Exchanges [Member]
Property, Plant and Equipment [Line Items]
Cash balances | $		$ 100,000		$ 100,000		$ 100,000
Intuitive Software LLC [Member]
Property, Plant and Equipment [Line Items]
Equity method investment, ownership percentage		82.14%		82.14%

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Schedule Of Depreciation Of Property Plant And Equipment (Detail)	Jun. 30, 2024
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	us-gaap:UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember
Kiosk Machines Owned [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Kiosk Machines Leased [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Kiosk Machines Leased [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years

Merger - Schedule Of transactio

Merger - Schedule Of transaction funding, sources and uses of cash, and merger related earn-outs and warrants (Detail) - GSRM [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Merger [Line Items]
Cash - GSR II Meteora Acquisition Corp Trust	$ 332,102
Less: GSRM transactions cost paid from Trust	(25,958)
Less: Purchase of BT HoldCo common units from BT Assets	(10,066)
Less: Redemptions of existing shareholders of GSRM	(292,735)
Net proceeds from SPAC shareholders	3,343
Assumed net liabilities from GSRM, excluding net cash proceeds	(6,847)
Net Impact of the Merger on the Statement of Changes in Stockholders' Equity	$ (3,504)

Merger - Schedule Of transact_2

Merger - Schedule Of transaction funding, sources and uses of cash, and merger related earn-outs and warrants (Detail) (Parenthetical) - GSRM [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Merger [Line Items]
Transaction costs paid from trust	$ (25,958)
Franchise and income taxes [Member]
Merger [Line Items]
Transaction costs paid from trust	2,400
Non Redemption Payments [Member]
Merger [Line Items]
Transaction costs paid from trust	18,700
Other Transaction Expenses [Member]
Merger [Line Items]
Transaction costs paid from trust	$ 4,900

Merger - Additional Information

Merger - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 23, 2023
GSRM [Member] | Non Redeemable Common Stock [Member]
Merger [Line Items]
Increase (Decrease) of Restricted Investments			$ 18.7
Payment of cash through spac trust proceeds			18.7
Preferred Class A [Member]
Merger [Line Items]
Stockholders equity preferred stock at fair value			$ 13.9
Common Class A And Preferred Stock Series A [Member]
Merger [Line Items]
Common stock, conversion basis			1:1
Common Class A And Preferred Stock Series A [Member] | Aggregate Number Of Shares Issued At Or Before The Time Of Merger [Member]
Merger [Line Items]
Stock issued during the period shares new issues			5,000,000
Private Placement Agreement [Member] | Preferred Class A [Member]
Merger [Line Items]
Stock issued during the period shares new issues	4,300,000
Subscription receivable subject to trigger price			$ 43.3
Trigger share price during which the amount shall become payable to subscribers					$ 0
Subscription Amount Refundable One					$ 10.9
Subscription Amount Refundable Two					$ 12.1
Private Placement Agreement [Member] | Preferred Class A [Member] | Maximum [Member]
Merger [Line Items]
Trigger share price for subscription amount to be received					$ 11.39
Private Placement Agreement [Member] | Preferred Class A [Member] | Minimum [Member]
Merger [Line Items]
Trigger share price for subscription amount to be received					$ 10.5
Backstop Agreement [Member] | GSRM [Member]
Merger [Line Items]
Common stock shares of holders who have agreed to extend the date of business combination			6,833,000
Last date for consummation of business combination			Mar. 01, 2024
Backstop Agreement [Member] | GSRM [Member] | Non Redeemable Common Stock [Member]
Merger [Line Items]
Percentage of non redeemable common stock			1%
Backstop Agreement [Member] | GSRM [Member] | Non Redeemable Common Stock [Member] | Polar Multistrategy Master Fund [Member]
Merger [Line Items]
Stock issued during the period shares new issues			454,350
Backstop Agreement [Member] | Class A Common Stock Commitment Shares [Member] | GSRM [Member] | Non Redeemable Common Stock [Member]
Merger [Line Items]
Stock issued during the period shares new issues			68,330
Backstop Agreement [Member] | Common Class A [Member] | GSRM [Member] | Non Redeemable Common Stock [Member]
Merger [Line Items]
Stock issued during the period shares new issues			659,340
Backstop Agreement [Member] | Class A Common Stock Extension Shares [Member] | GSRM [Member] | Non Redeemable Common Stock [Member]
Merger [Line Items]
Stock issued during the period shares new issues			136,660
PIPE Agreement [Member]
Merger [Line Items]
Difference between fair value and subscription receivable recognized as expenses		$ 9.2		$ 9.2
Cash expenses preferred stock		$ 0.9		$ 0.9
PIPE Agreement [Member] | Common Class A [Member] | Aggregate Number Of Shares Issued At Or Before The Time Of Merger [Member] | PIPE Subscribers [Member]
Merger [Line Items]
Stock issued during the period shares new issues			700,000
PIPE Agreement [Member] | Series A Preferred Stock [Member] | Aggregate Number Of Shares Issued At Or Before The Time Of Merger [Member] | PIPE Subscribers [Member] | Private Placement [Member]
Merger [Line Items]
Stock issued during the period shares new issues			4,300,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Thousands		3 Months Ended		6 Months Ended
	Jun. 30, 2023 shares	Jun. 30, 2024 USD ($) Kiosk shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($) Eth Ltc
Related Party Transaction [Line Items]
Re-Capitalization between non-controlling interest and PubCo shareholders		$ 500	$ (3,504)		$ (3,504)
Distribution made to limited liability company (llc) member, cash distributions paid		6,832	12,233	$ 7,748	12,737
Tax Receivable Agreement [Member] | BT Hold Co LLC [Member]
Related Party Transaction [Line Items]
Tax savings percentage distributable				85%
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Cash distributions		$ 6,800	$ 12,200	$ 7,700	12,700
Sopris [Member] | Franchise Profit Share Program [Member]
Related Party Transaction [Line Items]
Number of kiosks identified for profit sharing | Kiosk		50
Profit sharing period		5 years
Total consideration		$ 600
Class A Common Stock [Member] | Sopris [Member]
Related Party Transaction [Line Items]
Payments to acquire business		$ 5,000
Number of shares acquired | shares		2,906,976
Bitcoin Depot [Member] | Tax Receivable Agreement [Member] | BT Hold Co LLC [Member]
Related Party Transaction [Line Items]
Tax savings percentage distributable				85%
Bitcoin Depot [Member] | Majority Shareholder [Member]
Related Party Transaction [Line Items]
Distributions cost basis					$ 20
Bitcoin Depot [Member] | LTC [Member] | Majority Shareholder [Member]
Related Party Transaction [Line Items]
Common stock outstanding value | Ltc					112.4
Bitcoin Depot [Member] | ETH [Member] | Majority Shareholder [Member]
Related Party Transaction [Line Items]
Common stock outstanding value | Eth					7.5
BT Assets [Member]
Related Party Transaction [Line Items]
Number of shares acquired | shares	44,100,000
BT Assets [Member] | Class V Common Stock [Member] | Sopris [Member]
Related Party Transaction [Line Items]
Payments to acquire business		$ 5,000
Shares exchanged as part of transaction | shares		2,906,976
Percentage of shares exchanged as part of transaction		16.80%

Revenue - Summary of Revenue Di

Revenue - Summary of Revenue Disaggregated by Revenue Stream (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue disaggregated	$ 163,066	$ 197,474	$ 301,605	$ 361,077
BTM Kiosks Member]
Disaggregation of Revenue [Line Items]
Revenue disaggregated	162,291	196,916	300,067	359,942
BDCheckout [Member]
Disaggregation of Revenue [Line Items]
Revenue disaggregated	186	241	396	601
Company Website [Member]
Disaggregation of Revenue [Line Items]
Revenue disaggregated	187	89	548	168
Software Services [Member]
Disaggregation of Revenue [Line Items]
Revenue disaggregated	127	150	263	288
Hardware [Member]
Disaggregation of Revenue [Line Items]
Revenue disaggregated	$ 275	$ 78	$ 331	$ 78

Cost of Revenue - Summary of Co

Cost of Revenue - Summary of Cost of Revenue (Excluding Depreciation and Amortization) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization [Abstract]
Cryptocurrency expenses	$ 121,759	$ 153,193	$ 230,223	$ 280,854
Floorspace lease expenses	9,120	8,749	17,656	17,782
Kiosk operations expenses	5,829	5,300	10,116	9,907
Total Cost of Revenue (excluding depreciation and amortization reported separately)	$ 136,708	$ 167,242	$ 257,995	$ 308,543

Cost of Revenue - Summary of C

Cost of Revenue - Summary of Components of Cryptocurrency Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Components of Cryptocurrency Expenses [Line Items]
Software processing fees	$ 38	$ 54	$ 45	$ 259
Exchange fees		2		20
Mining fees	307	144	525	177
Software processing fee - BDCheckout	3	4	5	9
Total cryptocurrency expenses	121,759	153,193	230,223	280,854
BTM Kiosk [Member]
Components of Cryptocurrency Expenses [Line Items]
Cost of cryptocurrency	121,252	152,783	229,309	279,874
BDCheckout [Member]
Components of Cryptocurrency Expenses [Line Items]
Cost of cryptocurrency	$ 159	$ 206	$ 339	$ 515

Cost of Revenue - Summary of _2

Cost of Revenue - Summary of Components of Cryptocurrency Expenses (Parenthetical) (Detail) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Cost of Revenue [Line Items]
Impairment of cryptocurrencies					$ 0	$ 0
Cryptocurrencies [Member]
Cost of Revenue [Line Items]
Impairment of cryptocurrencies	$ 2,040,000	$ 2,062,000	$ 2,390,000	$ 2,187,000	$ 4,100,000	$ 4,600,000
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenues		Revenues		Revenues	Revenues
Gains from the sale of cryptocurrency	$ 0		$ 100,000		$ 0	$ 100,000

Cost of Revenue - Summary of Re

Cost of Revenue - Summary of Reconciles Amounts Excluded from the Cost of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Depreciation And Amortization Expense [Line Items]
Amortization of intangible assets	$ 355	$ 378	$ 733	$ 752
Total depreciation and amortization excluded from cost of revenue	2,976	3,423	5,857	6,141
Other depreciation and amortization included in operating expenses	16	76	82	154
Total depreciation and amortization	2,992	3,499	5,939	6,295
BTM Kiosks Member]
Depreciation And Amortization Expense [Line Items]
Depreciation of owned BTM kiosks	1,293	193	2,535	875
Depreciation of leased BTM kiosks	$ 1,328	$ 2,852	$ 2,589	$ 4,514

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Estimated Fair Value and Level of the Contingent Consideration Liability (Detail) - Contingent Consideration Liability [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 1,910	$ 1,841	$ 1,983
Change in fair value during the period	73	69	17
Payment made during the period			$ (2,000)
Ending balance	$ 1,983	$ 1,910

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)		6 Months Ended		12 Months Ended
	Jul. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2023
Present value discount rate
Impairment of goodwill		$ 0	$ 0
Impairment of intangible assets, indefinite-lived		0	0
Operating lease, impairment loss		0	$ 0
Notes payable		43,159,000			$ 21,086,000
Fixed Rated Note [Member]
Present value discount rate
Notes payable		39,400,000
Fixed Rated Note [Member] | Estimate of Fair Value Measurement [Member]
Present value discount rate
Fair value of the fixed-rated note		38,800,000
Bit Access [Member]
Present value discount rate
Payments to acquire businesses	$ 2,000,000			$ 2,000,000
Kiosk Profit Share Franchise Agreement [Member]
Present value discount rate
Fair value of the fixed-rated note		$ 3,800,000

Prepaid expenses and other cu_3

Prepaid expenses and other current assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid expenses	$ 5,163	$ 2,334
Cryptocurrency safeguarding asset	2,878	3,040
Other current assets	1,736	1,180
Prepaid expenses and other current assets	$ 9,777	$ 6,554

Accrued expenses and other cu_3

Accrued expenses and other current liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accrued Liabilities and Other Liabilities [Abstract]
Payables to liquidity providers	$ 6,234	$ 5,143
Cryptocurrency safeguarding liability	2,878	3,040
Accrued expenses	12,479	13,362
Accrued expenses and other current liabilities	$ 21,591	$ 21,545

Non-controlling interests - Sum

Non-controlling interests - Summary of Changes in the Balances Non-controlling Interests (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Beginning Balance	$ 4,981	$ 9,373	$ 15,213	$ 9,373	$ 9,444
Distributions	(6,832)		(12,233)	(7,748)	(12,737)
Share-based compensation expense			1,615		1,615
Net income (loss)	(2,561)		(10,699)	(4,099)	(10,699)
Ending Balance	4,443	4,981	$ 4,780	4,443	$ 4,780
BT HoldCo
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Beginning Balance	18,879	22,480		22,480
Distributions	(6,832)	(916)
Foreign currency translation	4	9
Redemption of non-controlling interest	(585)
Net income (loss)	6,871	(2,694)
Ending Balance	18,337	18,879		18,337
Total
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Beginning Balance	21,598	25,187		25,187
Distributions	(6,832)	(916)
Share-based compensation expense	8	8
Foreign currency translation	4	9
Redemption of non-controlling interest	(585)
Net income (loss)	6,911	(2,690)
Ending Balance	21,104	21,598		21,104
Bit Access [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Beginning Balance	2,719	2,707		2,707
Share-based compensation expense	8	8
Net income (loss)	40	4
Ending Balance	$ 2,767	$ 2,719		$ 2,767

Non-controlling interests - Add

Non-controlling interests - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Class V Common Stock [Member]
Noncontrolling Interest [Line Items]
Common stock, shares outstanding	41,193,024
Majority Stockholder of Lux Vending LLC, BT Assets, Inc
Noncontrolling Interest [Line Items]
Number of common units issued of limited liability company	41,193,024
Number of preferred units issued of limited liability company	2,900,000
Shares exchanged as part of transaction	2,906,976
Majority Stockholder of Lux Vending LLC, BT Assets, Inc | Class V Common Stock [Member]
Noncontrolling Interest [Line Items]
Common stock, shares outstanding	41,193,024
Bit Access [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Non-controlling interest ownership percentage	17.86%	17.86%
BT Hold Co [Member]
Noncontrolling Interest [Line Items]
Non-controlling interest ownership percentage	68.35%	72.50%
Number of common units issued of limited liability company	41,193,024	44,100,000
BT Hold Co [Member] | Majority Stockholder of Lux Vending LLC, BT Assets, Inc
Noncontrolling Interest [Line Items]
Preferred unit liquidation preference per share	10%
Preferred unit liquidation preference value	$ 29
BT Hold Co [Member] | Maximum [Member]
Noncontrolling Interest [Line Items]
Allocation of net income	$ 29
BT Hold Co [Member] | Non-controlling Interest [Member]
Noncontrolling Interest [Line Items]
Non-controlling interest ownership percentage	68.40%
Redeemable non-controlling interest, equity, fair value	$ 18.3

Non-controlling interests - Sch

Non-controlling interests - Schedule of Ownership Interests (Detail) - BT Hold Co [Member] - shares	Jun. 30, 2024	Dec. 31, 2023
Noncontrolling Interest [Line Items]
Number of BT HoldCo interests held by Bitcoin Depot Inc.	20,420,855	16,727,691
Number of BT HoldCo interests held by non-controlling interest holders	41,193,024	44,100,000
Total BT HoldCo interests outstanding	61,613,879	60,827,691
Number of BT HoldCo interests held by Bitcoin Depot Inc., Ownership %	31.65%	27.50%
Number of BT HoldCo interests held by non-controlling interest holders, Ownership %	68.35%	72.50%
Total BT HoldCo interests outstanding, Ownership %	100%	100%

Non-controlling interests - S_2

Non-controlling interests - Schedule of Redemptions (Detail) - BT Hold Co [Member] - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Redemption and acquisition of interests [Abstract]
Number of BT HoldCo interests redeemed by the non-controlling interest holders	2,906,976	2,906,976
Number of BT HoldCo interests received by PubCo	2,906,976	2,906,976
Cancellation of Common Units [Abstract]
Common Units surrendered	2,906,976	2,906,976
Class V Common Stock [Member]
Cancellation of Common Units [Abstract]
Common Units surrendered	2,906,976	2,906,976
Class A Common Stock [Member]
Issuance of Class A common stock [Abstract]
Shares of Class A common stock issued in connection with the redemption of BT HoldCo interests	2,906,976	2,906,976

Cryptocurrencies - Summary of t

Cryptocurrencies - Summary of the Adjusted Cost Basis of Cryptocurrencies (Detail) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Indefinite-Lived Intangible Assets [Line Items]
Impairment of cryptocurrencies					$ 0	$ 0
Cryptocurrencies [Member]
Indefinite-Lived Intangible Assets [Line Items]
Beginning balance	$ 441,000	$ 712,000	$ 402,000	$ 540,000	712,000	540,000
Purchase or receipts of cryptocurrency	121,874,000	108,094,000	153,351,000	127,537,000
Cost of cryptocurrencies sold or distributed	(119,675,000)	(106,303,000)	(150,552,000)	(125,488,000)
Impairment of cryptocurrencies	(2,040,000)	(2,062,000)	(2,390,000)	(2,187,000)	(4,100,000)	(4,600,000)
Ending Balance	600,000	441,000	811,000	402,000	600,000	811,000
Cryptocurrencies [Member] | Bitcoin [Member]
Indefinite-Lived Intangible Assets [Line Items]
Beginning balance	440,000	711,000	401,000	523,000	711,000	523,000
Purchase or receipts of cryptocurrency	121,874,000	108,094,000	153,351,000	127,530,000
Cost of cryptocurrencies sold or distributed	(119,675,000)	(106,303,000)	(150,552,000)	(125,465,000)
Impairment of cryptocurrencies	(2,040,000)	(2,062,000)	(2,390,000)	(2,187,000)
Ending Balance	599,000	440,000	810,000	401,000	599,000	810,000
Cryptocurrencies [Member] | Ethereum [Member]
Indefinite-Lived Intangible Assets [Line Items]
Beginning balance	1,000	1,000	1,000	9,000	1,000	9,000
Purchase or receipts of cryptocurrency				4,000
Cost of cryptocurrencies sold or distributed				(12,000)
Ending Balance	$ 1,000	$ 1,000	$ 1,000	1,000	$ 1,000	1,000
Cryptocurrencies [Member] | Litecoin [Member]
Indefinite-Lived Intangible Assets [Line Items]
Beginning balance				8,000		$ 8,000
Purchase or receipts of cryptocurrency				3,000
Cost of cryptocurrencies sold or distributed				$ (11,000)

Cryptocurrencies - Additional I

Cryptocurrencies - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Indefinite-Lived Intangible Assets [Line Items]
Accounts payable	$ 10,326	$ 8,337
Cryptocurrencies [Member]
Indefinite-Lived Intangible Assets [Line Items]
Accounts payable	$ 6,200	$ 5,100

Notes Payable - Additional Info

Notes Payable - Additional Information (Detail) $ in Millions				3 Months Ended	6 Months Ended
	Jun. 23, 2023 USD ($)	May 04, 2023 USD ($)	Dec. 21, 2020 USD ($) Tranche	Jun. 30, 2024 USD ($) TermLoans	Jun. 30, 2024 USD ($)	Mar. 26, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Franchise Profit Sharing Arrangements One [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 0.6	$ 0.6
Debt instrument, maturity month and year					2029-04
Franchise Profit Sharing Arrangements Two [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 3.2	$ 3.2
Debt instrument, maturity month and year					2032-04
Old Note [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 25					$ 5	$ 15
Debt instrument, interest rate, stated percentage			15%
Debt instrument, periodic payment, interest		$ 0.3
Number of repayments of debt tranches | Tranche			2
Repayments of debt			$ 12.5
Old Note [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, increase		20%
Old Note [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, increase		15%
New Note [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 20.8					$ 15.7
Debt instrument, interest rate, stated percentage	17%
Debt instrument, frequency of periodic payment	The Company is required to make monthly interest payments and fixed principal payments every six months beginning on December 15, 2023 through June 15, 2026.
Debt instrument, maturity date	Jun. 23, 2026
Deferred financing costs						1.4
Debt instrument exit Fee						1.3	$ 1.8
Debtinstrument additional exit fees						1.3
Debt instrument exit fee expensed	$ 2.3
Deferred financing costs outstanding						3.2
Unamortized deferred loan costs write off						2.7
Loan origination fees related to amendment						0.5
Repayments of debt	$ 16.4
Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, face amount						35.6
Debt outstanding						19.9
Additional principal amount resulting in net cash flow						$ 15.2
Number of collateralized term loans | TermLoans				3
Debt instrument term				36 months
Term Loan Facility [Member] | 36-Month Collateralized Term Loans One [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 0.6	$ 0.6
Debt instrument, interest rate, stated percentage				16.86%	16.86%
Term Loan Facility [Member] | 36-Month Collateralized Term Loans Two [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 0.5	$ 0.5
Debt instrument, interest rate, stated percentage				17.27%	17.27%
Term Loan Facility [Member] | 36-Month Collateralized Term Loans Three [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 0.5	$ 0.5
Debt instrument, interest rate, stated percentage				17.27%	17.27%

Notes Payable - Schedule of Not

Notes Payable - Schedule of Notes Payable (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Notes Payable [Line Items]
Credit agreement	$ 34,583	$ 19,920
Other debt	6,589	2,597
Plus: exit fee due upon repayment of debt	3,098	1,764
Less: unamortized deferred financing costs	(1,111)	(3,195)
Total notes payable	43,159	21,086
Less: current portion of notes payable	(4,366)	(3,985)
Notes payable, non-current	38,793	17,101
Credit Agreement
Notes Payable [Line Items]
Credit agreement	34,583	19,920
Plus: exit fee due upon repayment of debt	3,098	1,764
Less: unamortized deferred financing costs	(1,111)	(3,195)
Total notes payable	36,570	18,489
Less: current portion of notes payable	(3,429)	(2,283)
Notes payable, non-current	33,141	16,206
Other Debt
Notes Payable [Line Items]
Other debt	6,589	2,597
Total notes payable	6,589	2,597
Less: current portion of notes payable	(937)	(1,702)
Notes payable, non-current	$ 5,652	$ 895

Notes Payable - Schedule of Mat

Notes Payable - Schedule of Maturities of Long Term Debt (Detail) $ in Thousands	Jun. 30, 2024 USD ($)
Maturities Of Long Term Debt [Line Items]
Remainder of 2024	$ 1,725
2025	5,647
2026	29,710
2027	437
2028	322
Thereafter	3,331
Total	41,172
Credit Agreement
Maturities Of Long Term Debt [Line Items]
Remainder of 2024	1,245
2025	4,733
2026	28,605
Total	34,583
Other Debt
Maturities Of Long Term Debt [Line Items]
Remainder of 2024	480
2025	914
2026	1,105
2027	437
2028	322
Thereafter	3,331
Total	$ 6,589

Common Stock, Preferred Stock_3

Common Stock, Preferred Stock and Stockholders' Equity - Additional Information (Detail)	3 Months Ended		6 Months Ended	9 Months Ended
	Jun. 30, 2024 Series $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) Series $ / shares shares	Jun. 30, 2024 USD ($) Series $ / shares shares	Dec. 31, 2023 shares	Sep. 22, 2023 USD ($)	Jun. 30, 2023 shares
Schedule Of Stockholders Equity [Line Items]
Shares, issued	2,223,250,000		2,223,250,000	2,223,250,000
Share repurchase, amount | $		$ 200,000	$ 158,000
Share repurchase, average cost per share | $ / shares		$ 2.26
Share repurchase, shares	0	69,976
Number of warrants outstanding	43,848,750		43,848,750	43,848,750
Class of warrant or right exercise price | $ / shares	$ 11.5		$ 11.5	$ 11.5
Number of consecutive trading days for determining share price			20 days
Number of trading days for determining the share price			10 days
Class of warrants or rights expiration period			5 years
BT Assets [Member]
Schedule Of Stockholders Equity [Line Items]
Equity ownership percentage	4.30%		4.30%	4.30%
Public Warrants [Member]
Schedule Of Stockholders Equity [Line Items]
Number of warrants outstanding	31,625,000		31,625,000	31,625,000
Private Warrants [Member]
Schedule Of Stockholders Equity [Line Items]
Number of warrants outstanding	12,223,750		12,223,750	12,223,750
Maximum [Member]
Schedule Of Stockholders Equity [Line Items]
Authorized repurchase amount | $						$ 10,000,000
Class A Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	800,000,000		800,000,000	800,000,000	800,000,000
Common stock, vote per share			one vote
Share repurchase, amount | $				$ 400,000
Share repurchase, shares				190,620
Class of warrant or right, number of securities called by each warrant or right	1		1	1
Earn out provision share price | $ / shares	$ 12		$ 12	$ 12
Class A Common Stock [Member] | Share Price Equal Or Exceeds Eighteen Rupees Per Dollar [Member]
Schedule Of Stockholders Equity [Line Items]
Class of warrant or right per share price during the period | $ / shares	0.01		0.01	0.01
Share price | $ / shares	18		$ 18	18
Number of consecutive trading days for determining share price			20 days
Number of trading days for determining the share price			30 days
Right to redeem outstanding warrants once exercisable and prior to expiration | $ / shares	$ 0.01		$ 0.01	$ 0.01
Class B Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	20,000,000		20,000,000	20,000,000	20,000,000
Common stock, vote per share			one vote
Class M Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	300,000,000		300,000,000	300,000,000
Common stock, vote per share			ten votes
Class O Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	800,000,000		800,000,000	800,000,000
Common stock, vote per share			one vote
Class V Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	300,000,000		300,000,000	300,000,000
Common stock, conversion basis			one-for-one
Common stock percentage of voting rights	20%		20%	20%
Class V Common Stock [Member] | BT Assets [Member]
Schedule Of Stockholders Equity [Line Items]
Forfeiture of shares	2,906,976		2,906,976
Class E Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	2,250,000		2,250,000	2,250,000	2,250,000
Number of common stock series | Series	3		3	3
Earnout shares issuable	15,000,000		15,000,000	15,000,000
Common stock, conversion basis			one-for-one
Class E Common Stock [Member] | Sponsor [Member]
Schedule Of Stockholders Equity [Line Items]
Earnout shares issuable	1,075,061		1,075,061	1,075,061
Class E-1 Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	750,000		750,000	750,000
Class E-2 Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	750,000		750,000	750,000
Class E-3 Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common stock, shares authorized	750,000		750,000	750,000
Series A Preferred Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Preferred stock, shares issued	3,075,000		3,075,000	3,075,000	3,125,000		4,300,000
Preferred stock, shares outstanding	3,075,000		3,075,000	3,075,000	3,125,000
Convertion of preferred shares	50,000		50,000	50,000

Common Stock, Preferred Stock_4

Common Stock, Preferred Stock and Stockholders Equity - Schedule of capital stock (Details) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Series A Preferred Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, par or stated value per share	$ 0.0001	$ 0.0001
Preferred stock, shares outstanding	3,075,000	3,125,000
Common Class A [Member]
Schedule Of Stockholders Equity [Line Items]
Common Stock, Shares Authorized	800,000,000	800,000,000
Shares outstanding	17,155,235	13,482,047
Par value	$ 0.0001	$ 0.0001
Common Class B [Member]
Schedule Of Stockholders Equity [Line Items]
Common Stock, Shares Authorized	20,000,000	20,000,000
Shares outstanding	0	0
Par value	$ 0.0001	$ 0.0001
Class E Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common Stock, Shares Authorized	2,250,000	2,250,000
Shares outstanding	1,075,761	1,075,761
Par value	$ 0.0001	$ 0.0001
Class M Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common Stock, Shares Authorized	300,000,000
Shares outstanding	0
Par value	$ 0.0001
Class O Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common Stock, Shares Authorized	800,000,000
Shares outstanding	0
Par value	$ 0.0001
Class V Common Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Common Stock, Shares Authorized	300,000,000
Shares outstanding	41,193,024
Par value	$ 0.0001

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) BitCoinUnits in Millions		3 Months Ended		6 Months Ended
	Apr. 24, 2024 USD ($) BitCoinUnits	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)
Income tax (expense) benefit		$ (270,000)	$ 692,000	$ (132,000)	$ 1,314,000
Federal income taxe				0
Uncertain tax position		1,100,000		1,100,000
BT Hold Co LLC [Member]
Income tax (expense) benefit				$ (300,000)	$ 1,300,000
Effective income tax rate reconciliation, percent				51.97%	(172.70%)
Net income (loss) before tax attributable to non controlling interest				$ 300,000	$ 900,000
BitAccess Inc., and Express Vending, Inc [Member]
Federal income taxe				$ 0	$ 0
Tax Receivable Agreement [Member]
Tax receivable agreement liability						$ 900,000	$ 700,000
Tax receivable agreement liability additional adjustment	$ 1,300,000					$ 200,000
Percentage of aggregate tax benefits	85%
Tax Receivable Agreement [Member] | BT Hold Co LLC [Member]
Tax savings percentage distributable				85%
Payable as per tax receivable agreement		$ 2,100,000		$ 2,100,000
Aggregate number of units in connection with exchange | BitCoinUnits	2.9

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
2023 Omnibus incentive plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 1,700,000		$ 2,600,000
Share-based compensation arrangement by share-based payment award, number of shares available for grant	6,029,445		6,029,445
Bit Access Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 0	$ 200,000	$ 0	$ 400,000
Employee Stock Option | Bit Access Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period			2 years
Share-based compensation arrangement by share-based payment award, expiration period			10 years
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, granted			1,037,286
Share-based compensation arrangement by share-based payment award, vested			206,072
Restricted Stock Units (RSUs) [Member] | Bit Access Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period			2 years
Share-based compensation arrangement by share-based payment award, expiration period			10 years
RSUs outstanding	0	25,641	0	25,641	0	57,834	81,142
Time-based RSU's [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, shares issued in period	1,032,447		1,037,286
Share-based compensation arrangement by share-based payment award, award vesting period			2 years
Share-based payment arrangement, expense	$ 600,000		$ 1,500,000
Share-based payment arrangement, nonvested award, cost not yet recognized, amount	3,100,000		3,100,000
Performance-based RSU's [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	1,100,000		1,100,000
Share-based payment arrangement, nonvested award, cost not yet recognized, amount	$ 0		$ 0
Share-based compensation arrangement by share-based payment award, granted	580,116		580,116
Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Earn out provision share price	$ 12		$ 12

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of BitAccess Plan Stock Option Activity (Detail) - $ / shares	3 Months Ended		6 Months Ended			12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Employee Stock Option | Bit Access Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options - Beginning balance		106,938	43,780	78,480	106,938	106,938
Options - Granted			0		39,600
Options - Exercised			0		(68,058)
Options - End balance	78,480		43,780	43,780	78,480	43,780	106,938
Options - Vested and exercisable	4,167		17,722		4,167
Weighted-average exercise price - Beginning balance		$ 1.04	$ 2.86	$ 2.86	$ 1.04	$ 1.04
Weighted-average exercise price - Granted			0		2.86
Weighted-average exercise price - Exercised			0		0
Weighted-average exercise price - End balance	$ 2.86		2.86	$ 2.86	2.86	$ 2.86	$ 1.04
Weighted-average exercise price - Vested and exercisable	$ 2.86		$ 2.86		$ 2.86
Weighted-average remaining contractual term - Outstanding			8 years 1 month 6 days		9 years 2 months 15 days	8 years 7 months 6 days	8 years 10 months 9 days
Weighted-average remaining contractual term - Granted					9 years 9 months 3 days
Weighted-average grant-date fair value - Outstanding			$ 3.09		$ 3.09	$ 1.21	$ 1.13
Weighted-average grant-date fair value - Granted			0		3.05
Weighted-average grant-date fair value - Exercised			0		4.44
Weighted-average grant-date fair value - Vested and exercisable			3.1		$ 3.07
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted-average grant-date fair value - Vested and exercisable			$ 3.58
Restricted Stock Units (RSUs) [Member] | Bit Access Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock units - Beginning balance	57,834	81,142	0	25,641	81,142	81,142
Restricted stock units - Exercised	(32,193)	(23,308)		(25,641)
Restricted stock units - End balance	25,641	57,834	0	0	25,641	0	81,142

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Performance Stock Units and Restricted Stock Units Activity (Detail)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Performance Stock Units (PSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding - Begining balance | shares	0
Granted | shares	580,116
Vested | shares	(580,116)
Forfeited | shares	0
Outstanding - Ending balance | shares	0
Weighted-average grant date fair value - Beginning balance | $ / shares	$ 0
Weighted-average grant date fair value - Granted | $ / shares	1.9
Weighted-average grant date fair value - vested | $ / shares	1.9
Weighted-average grant date fair value - Forfeited | $ / shares	0
Weighted-average grant date fair value - Ending balance | $ / shares	$ 0
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding - Begining balance | shares	1,352,085
Granted | shares	1,037,286
Vested | shares	(206,072)
Forfeited | shares	(55,481)
Outstanding - Ending balance | shares	2,127,818
Weighted-average grant date fair value - Beginning balance | $ / shares	$ 3.59
Weighted-average grant date fair value - Granted | $ / shares	1.9
Weighted-average grant date fair value - vested | $ / shares	3.58
Weighted-average grant date fair value - Forfeited | $ / shares	2.95
Weighted-average grant date fair value - Ending balance | $ / shares	$ 2.78

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of loss per share and weighted average of common stock outstanding (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator [Abstract]
Net loss attributable to Bitcoin Depot Inc. - basic	$ (2,561)	$ (10,699)	$ (4,099)	$ (10,699)
Net loss attributable to Bitcoin Depot Inc. - diluted	$ (2,561)	$ (10,699)	$ (4,099)	$ (10,699)
Denominator [Abstract]
Weighted average common stock outstanding - basic	19,432,011	16,658,691	18,016,761	16,658,691
Weighted average common stock outstanding - diluted	19,432,011	16,658,691	18,016,761	16,658,691
Earnings per share, basic	$ (0.13)	$ (0.64)	$ (0.23)	$ (0.64)
Earnings per share, diluted	(0.13)	(0.64)	(0.23)	(0.64)
Bitcoin Depot Inc. [Member]
Denominator [Abstract]
Earnings per share, basic	(0.13)	(0.64)	(0.23)	(0.64)
Earnings per share, diluted	$ (0.13)	$ (0.64)	$ (0.23)	$ (0.64)

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of securities were not included in the computation of diluted shares outstanding (Detail)	6 Months Ended
	Jun. 30, 2024 shares
PubCo Warrants - Public and Private
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of securities	43,848,750
PubCo Class E Common Stock - Earnouts Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of securities	1,075,761
BT OpCo Founder Convertible Preferred Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of securities	2,900,000
BT OpCo Exchangeable Non-Controlling Interest
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of securities	38,293,024
BT OpCo Earnouts Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of securities	15,000,000
2023 Incentive Plan RSU awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of securities	2,127,818

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Finance lease expense:
Amortization of right-of-use-assets	$ 1,324	$ 2,852	$ 2,585	$ 4,514
Interest on lease liabilities	364	1,565	739	2,672
Total finance lease expense	1,688	4,417	3,324	7,186
Operating lease expense	261	57	361	109
Short-term lease expense	8,919	8,749	17,395	17,782
Total lease expense	10,868	13,223	21,080	25,077
Other information:
Operating cash flows used for finance leases	(365)	(1,565)	(768)	(2,672)
Operating cash flows used for operating leases	(291)	(57)	(409)	(114)
Financing cash flows used for finance leases	$ (2,297)	$ (3,547)	$ (4,193)	$ (6,701)
Weighted-average remaining lease term - finance leases	1 year 6 months		1 year 6 months		1 year 7 months 6 days
Weighted-average remaining lease term - operating leases	3 years 2 months 12 days		3 years 2 months 12 days		2 years 3 months 18 days
Weighted-average discount rate - finance leases	18.50%		18.50%		17.90%
Weighted-average discount rate - operating leases	16.90%		16.90%		16.60%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Noncancellable Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Remainder of 2024	$ 593
2025	1,051
2026	951
2027	417
2028	248
Thereafter	49
Total undiscounted lease payments	3,309
Less: imputed interest	(742)
Total operating lease liability	2,567
Less: operating lease liabilities, current	(813)	$ (279)
Operating lease liabilities, net of current portion	$ 1,754	$ 319

Leases - Schedule of Maturiti_2

Leases - Schedule of Maturities of Noncancellable Finance Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Remainder of 2024	$ 3,823
2025	3,536
2026	1,145
Total undiscounted lease payments	8,504
Less: imputed interest	(1,090)
Total finance lease liability	7,414
Less: current installments of obligations under finance leases	(4,761)	$ (6,801)
Obligations under finance leases, excluding current installments	$ 2,653	$ 2,848

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands		3 Months Ended		6 Months Ended
	Mar. 31, 2023 USD ($) BitCoinUnits	Jun. 30, 2024 USD ($) Bitcoinmachine	Mar. 31, 2024 USD ($) Bitcoinmachine	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease right of use assets		$ 2,489		$ 2,489		$ 484
Operating lease liability		2,567		2,567
Loss on lease termination					$ 1,201
Undisocunted finance lease payment due		8,504		8,504
Finance lease liability		7,414		$ 7,414
Office space lease
Lessee, Lease, Description [Line Items]
Lessee finance lease description				The Company has obligations as a lessee for office space under a noncancellable lease arrangement that expires in May 2025, with options to renew up to five years.
BTM kiosk leases
Lessee, Lease, Description [Line Items]
Lessee finance lease description				The Company has obligations as a lessee for BTM kiosks. The leases for the BTM kiosks are classified as finance leases in accordance with Topic 842 that expire on various dates through June 30, 2026. The BTM kiosk lease agreements are for two or three year terms and include various options to either renew the lease, purchase the kiosks or exercise a bargain option to purchase the kiosk at the end of the term. Certain finance leases are personally guaranteed by the CEO and contain guarantees for return of equipment by the CEO.On March 31, 2023, the Company terminated an existing lease arrangement with a lessor and simultaneously entered into a new lease arrangement with a new lessor for 689 BTMs. Under this agreement, the new lessor agreed to purchase the BTM’s from the original lessor. Upon the termination of the original agreement, the Company removed the remaining right-of-use asset and the finance lease liability of $2.4 million and $1.9 million respectively and recognized a loss of $0.5 million recorded in other (expense) income in the consolidated Statement of Income (Loss) and Comprehensive Income (Loss). The new lease commenced on March 31, 2023 and has a three year noncancellable period. Total fixed payments due on an undiscounted basis over the three year noncancellable period of the lease are $2.4 million. The Company will acquire the assets for a bargain purchase price of $1 at the end of the term. Due to the bargain purchase option, the Company classified the new lease as a finance lease. The Company recognized a finance lease liability of $1.9 million discounted at an interest rate implicit in the lease and a corresponding right-of-use asset of $1.9 million. On June 30, 2023, the Company terminated an existing lease arrangement with a lessor and simultaneously entered into a new lease arrangement with a new lessor for 911 BTMs. Under this agreement, the new lessor agreed to purchase the BTM’s from the original lessor. Upon the termination of the original agreement, the Company removed the remaining right-of-use asset and the finance lease liability of $3.3 million and $2.5 million, respectively and recognized a loss of $0.8 million recorded in Other (Expense) Income in the consolidated Statement of Income (Loss) and Comprehensive Income (Loss). The new lease commenced on June 30, 2023 and has a three year noncancellable period. Total fixed payments due on an undiscounted basis over the three year noncancellable period of the lease are $3.2 million. The Company will acquire the assets for a bargain purchase price of $1 at the end of the term. Due to the bargain purchase option, the Company classified the new lease as a finance lease. The Company recognized a finance lease liability of $2.5 million discounted at an interest rate implicit in the lease and a corresponding right-of-use asset of $2.5 million.
Number of machines leased | BitCoinUnits	689
Terminated finance lease right of use asset	$ 2,400
Terminated finance lease liability	1,900
Loss on lease termination	$ 500
Finance lease term	3 years
Undisocunted finance lease payment due	$ 2,400
Purchase price of asset at the end of lease term	1
Finance lease right of use asset	1,900
Finance lease liability	$ 1,900	1,000	$ 1,000	$ 1,000
BTM kiosk leases | Non-cash Transaction
Lessee, Lease, Description [Line Items]
Finance lease right of use asset		600		600
Finance lease liability		600		600
250 BTM Kiosk Leases [Member]
Lessee, Lease, Description [Line Items]
Number of machines leased | Bitcoinmachine			250
Finance lease term			36 months
250 BTM Kiosk Leases [Member] | Non-cash Transaction
Lessee, Lease, Description [Line Items]
Operating lease right of use assets		800		800
Operating lease liability		$ 1,300		$ 1,300
136 BTM Kiosk Leases [Member]
Lessee, Lease, Description [Line Items]
Number of machines leased | Bitcoinmachine		136
Finance lease term		24 months		24 months
Floorspace Leases | Non-cash Transaction
Lessee, Lease, Description [Line Items]
Operating lease right of use assets		$ 2,200		$ 2,200
Operating lease liability		$ 2,200		$ 2,200

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - Lux Vending LLC [Member] $ in Millions	Jan. 13, 2023 USD ($)
Loss Contingencies [Line Items]
Loss contingency damages sought value	$ 23
Cash transaction value of business combination	880
Maximum [Member]
Loss Contingencies [Line Items]
Loss contingency, estimated possible loss	23
Minimum [Member]
Loss Contingencies [Line Items]
Loss contingency, estimated possible loss	$ 0

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Event [Member] $ in Millions	Jul. 11, 2024 Bitcoinmachine	Jul. 10, 2024	Jul. 01, 2024 USD ($)
Subsequent Event [Line Items]
Preferred distribution declared and paid			$ 15
Preferred dividend attributable to the Non-Controlling Interest			29
Preferred stock dividends remaining balance			$ 14
Additional investment to franchise profit share program | Bitcoinmachine	200
Kiosk Service Agreement [Member]
Subsequent Event [Line Items]
Estimated percentage of net profit as kiosk service compensation		30%