比特幣（BTC）去年可能已經高於100000美元的飆升，但並非所有以比特幣為中心的企業都受益於價格行動

比特幣倉庫（BTM）去年可能已經飆升至100000美元，但並非所有以比特幣為中心的企業受益於價格行動。

Bitcoin (BTC) may have soared above the $100,000 mark last year, but not all bitcoin-centric businesses benefitted from the price action.

去年比特幣（BTC）可能已經超過了100,000美元的飆升，但並非所有以比特幣為中心的企業都受益於價格行動。

Bitcoin Depot (BTM) (NYSE:BTM) saw a loss in revenue from $150 million in the fourth quarter of 2022 to $137 million in the fourth quarter of 2024. The lower transaction volume was mainly due to changes in regulations in the state of California, the company said.

該公司表示，比特幣倉庫（BTM）（NYSE：BTM）的收入從2022年第四季度的1.5億美元損失到2024年第四季度的1.37億美元。較低的交易量主要是由於加利福尼亞州法規的變化。

Moreover, bitcoin's price action has historically not impacted Bitcoin Depot's cash flow, said Brandon Mintz, president and CEO of the firm.

此外，該公司總裁兼首席執行官布蘭登·明茲（Brandon Mintz）表示，比特幣的價格行動歷史上沒有影響比特幣倉庫的現金流。

"Even when we saw that crash in 2022, transaction volumes were still growing," Mintz said.

Mintz說：“即使我們在2022年看到崩潰，交易量仍在增長。”

Bitcoin Depot's stock has decreased by roughly 85% since it began trading on the Nasdaq after its merger with a special purpose acquisition company (SPAC) in 2023. The company's market capitalization is $82 million.

自2023年與特殊目的收購公司（SPAC）合併後，比特幣倉庫的股票開始在納斯達克股票上下降約85％。該公司的市值為8200萬美元。

The company also discussed the possibility of spot bitcoin exchange-traded funds, which launched in the U.S. in January 2024, siphoning some of the firm's flows.

該公司還討論了2024年1月在美國推出的現貨比特幣交易所交易資金的可能性，從而使公司的一些流動驅逐出去。

"Historically, our business is not directly tied to bitcoin price or investment vehicles like ETFs," a spokesperson said in an emailed statement. "We haven’t seen evidence that ETFs have impacted our transaction volumes."

一位發言人在一封電子郵件聲明中說：“從歷史上看，我們的業務與比特幣價格或像ETF這樣的投資工具沒有直接相關。” “我們還沒有看到證據表明ETF影響了我們的交易量。”

Bitcoin Depot serves unbanked Americans, as well as people who prefer to transact in cash, such as older adults who aren't familiar with online payment options, and crypto users who find giving cash for bitcoin more convenient, said Mintz.

Mintz說，比特幣倉庫為沒有賬戶的美國人服務，以及喜歡以現金交易的人，例如不熟悉在線付款方式的老年人，以及發現為比特幣提供現金更方便的加密用戶。

"It’s a niche customer segment that we're focused on," he said.

他說：“這是我們關注的利基客戶細分市場。”

Bitcoin Depot purchases the ATM kiosk from another company, but provides the machine's Bitcoin software. The price for a new machine ranges from $5,000 to $7,000, and it takes about a year for the company to recover the cost of a machine once it's installed.

比特幣倉庫從另一家公司購買ATM亭，但提供了機器的比特幣軟件。一台新機器的價格從5,000美元到7,000美元不等，一旦安裝機器，該公司就需要一年。

The ATMs only sell bitcoin.

自動取款金僅出售比特幣。

"We used to offer other cryptocurrencies, but when we went public the SEC was suing a lot of companies for selling other types of cryptos that the SEC claimed were potentially securities, so we decided to go Bitcoin only and avoid that risk," Mintz said. "We believe it was a smart choice, because we're attracting people that aren't very sophisticated traders — this is a very beginner-friendly product."

Mintz說：“我們曾經提供其他加密貨幣，但是當我們上市時，SEC正在起訴許多公司出售SEC聲稱可能是證券的其他類型的加密貨幣，因此我們決定只採用比特幣並避免這種風險。” “我們認為這是一個明智的選擇，因為我們正在吸引那些不是很精緻的商人的人 - 這是一種非常友好的產品。”

Bitcoin Depot has seen nearly $3 billion in transaction volume since its inception in 2016, the company's recent investor presentation shows. While the company is mostly focused on North America, Mintz said they may expand internationally.

該公司最近的投資者演講顯示，比特幣倉庫自2016年成立以來已有近30億美元的交易量。雖然該公司主要專注於北美，但明茨表示，他們可能會在國際上進行擴展。

CORRECTION: (March 24, 2025, 20:35 UTC): Fixed BTM's market capitalization.

更正：（ 2025，20：35 UTC）：修復了BTM的市值。

CORRECTION: (March 24, 2025, 23:56 UTC): While Bitcoin Depot is looking into expanding internationally, it is not doing so because of market saturation.

更正：（ 2025，23：56 UTC）：雖然比特幣倉庫正在考慮擴大國際，但由於市場飽和而沒有這樣做。