Odaily Planet Daily reported that Bitcoin Depot, which has more than 7,400 Bitcoin ATMs in the United States, announced that it would allocate part of its cash reserves to Bitcoin. This strategy aligns it with other forward-looking institutions that aim to use Bitcoin to hedge against inflation and benefit from it.

Bitcoin Depot said its Bitcoin purchases would be "opportunistic in nature" and would not include funds required for operations. CEO Brandon Mintz emphasized that the company has long believed that Bitcoin is an important financial asset and means of storing value.

Although the specific conversion amount and target ratio were not disclosed, this move undoubtedly shows the growing importance of Bitcoin in the financial market. 🚀