Golden Finance reported that Bitcoin Depot, which has more than 7,400 Bitcoin ATMs in the United States, announced that it would seek to configure part of its cash reserves into Bitcoin. The company explained that this strategy puts it in line with other forward-looking institutions that use Bitcoin as a hedge against inflation and benefit from its assets in the future. Bitcoin Depot said its Bitcoin purchases would be "opportunistic in nature" and would not include the funds needed for its operations. CEO Brandon Mintz said the move shows that the company "has long believed that Bitcoin is an important financial asset and means of storing value." The company did not disclose how much of its cash reserves it intends to convert into Bitcoin, nor did it disclose whether it has set any proportional targets for this task.