Bitcoin Depot Company Overview
Bitcoin Depot: Q1 - Q3 2022 Relative Performance Update
$60,000
$50,000
Mar 31
$45,539
Annotated Bitcoin Price Chart
May 9: Stablecoin
TerraUSD loses 1-to-1
dollar peg, causing
mass liquidations
Jul 1: Three
Arrows Capital
files for Chapter
15 bankruptcy
Jul 5: Voyager
Digital Assets files
for Chapter 11
bankruptcy
$40,000
$30,000
$20,000
$10,000
Mar 17: Fed announced
first rate hike in years of
25bps, bringing the Fed
Funds rate to 0.25%-0.50%
Jun 12: Celsius pauses all
withdrawals, swaps and transfers
between customer accounts
Aug 4: BlackRock announces
partnership with Coinbase to provide
institutional clients with access to
crypto trading, limited to Bitcoin
Sep 30
$19,432
(57.3)% vs. Q1
Jun 30
$19,785
(56.6)% vs. Q1
Sep 15: Ethereum 'Merge' is completed, transitioning
the cryptocurrency to more sustainable model
requiring 99%+ less energy consumption
Jan-22
Avg. Price
% of all-time high (1)
Feb-22
Mar-22
Apr-22
Q1: $41,299
60.0%
May-22
Jun-22
Jul-22
Q2: $32,500
47.2%
Aug-22
Sep-22
Q3: $21,252
30.9%
1
Q1 Q3 2022 Revenue Trends
Company
Q1 2022 ($M)
BITCOIN DEPOT
$155
Q2 2022 (%Change vs. Q1)
7.7%
Q3 2022 (%Change vs. Q1)
13.0%
coinbase
RIOT
1,166
(30.7)%
(49.4)%
HIVE
MARATHON™
DIGITAL HOLDINGS
80
53
52
(8.6)%
(42.0)%
(16.9)%
(44.3)%
(51.8)%
(75.5)%
Source: FactSet, Company Info.
BITCOIN DEPOT (1) All-time high price of $68,789.63 on Nov 10, 2021.
Oct-22
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