# ATM Related Articles

HTX News Center provides the latest articles and in-depth analysis on "ATM", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

48 Hours, $2.7 Billion: Strategy's STRC ATM Mechanism is Accumulating Bitcoin at an Unprecedented Pace

Strategy's STRC ATM (At-The-Market) mechanism is accelerating its Bitcoin acquisition at an unprecedented pace. In just the first two trading days of the week, it generated $2.74 billion in volume, absorbing approximately 29,914 BTC—more than double the 13,927 BTC acquired in the entire previous week, representing a 115% increase. Notably, 100% of the STRC shares traded on both Monday and Tuesday were above the $100 face value threshold, the condition required to trigger the ATM and convert equity demand into Bitcoin purchases. Tuesday alone saw an estimated $1.57 billion in volume, absorbing 16,762 BTC—equivalent to 37 times the daily Bitcoin mining output. This surge demonstrates a new scale of sustained demand for the variable-rate perpetual preferred shares. If this pace continued, the weekly acquisition could reach roughly 75,000 BTC, fundamentally redefining corporate Bitcoin treasury strategies. While such extreme velocity may not be sustained, the mechanism is consistently converting market demand into large-scale Bitcoin accumulation.

marsbit2 days ago 09:35

48 Hours, $2.7 Billion: Strategy's STRC ATM Mechanism is Accumulating Bitcoin at an Unprecedented Pace

marsbit2 days ago 09:35

CertiK Releases Cryptocurrency ATM Fraud Report: Losses Reach $330 Million, AI Scams and Cross-Border Money Laundering Emerge as Major Threats

CertiK's "Skynet Cryptocurrency ATM Fraud Report" reveals that losses from such scams reached $330 million in 2025, a 33% year-on-year increase, making it one of the fastest-growing financial crimes in the U.S. The report highlights that these scams have evolved into a highly organized transnational criminal industry, leveraging social engineering and AI technologies. Cryptocurrency ATMs, with 78% located in the U.S., serve as a rapid channel for fraudsters to transfer funds. Victims, often elderly individuals who account for 86% of the losses, are manipulated via phone calls or messages to deposit cash into these machines. The funds are quickly converted into cryptocurrency and transferred to wallets controlled by criminals, making recovery nearly impossible once the transaction is on the blockchain. AI-driven scams, including voice cloning and deepfake videos, have proven 4.5 times more profitable than traditional methods. Criminal networks use automated scripts and employ "smurfing" tactics to bypass transaction limits. The illicit funds are rapidly laundered through mixing services, cross-chain bridges, and decentralized exchanges, often within minutes. The report emphasizes that the only effective intervention point is at the transaction entry level, before funds are on-chain. It calls for enhanced KYC measures, industry-wide intelligence sharing, real-time risk screening, and stronger cross-border law enforcement cooperation to combat this escalating threat.

marsbit04/02 07:36

CertiK Releases Cryptocurrency ATM Fraud Report: Losses Reach $330 Million, AI Scams and Cross-Border Money Laundering Emerge as Major Threats

marsbit04/02 07:36

Bitcoin Depot names new CEO as revenue faces 40% drop risk

Bitcoin Depot Inc. (BTM), North America's largest Bitcoin ATM operator, has appointed Alex Holmes, former CEO of MoneyGram, as its new CEO following the resignation of Scott Buchanan. Co-founder Brandon Mintz also stepped down as executive chairman but remains on the board. These changes were part of a pre-planned executive transition from November 2025. The company faces significant challenges, with Yahoo Finance projecting a 30-40% revenue decline in 2026 due to regulatory pressures, including operational suspensions in states like Connecticut over high fees and consumer protection issues. Revenue fell sharply in Q4 2025, and Q1 2026 EPS is estimated at -0.69. BTM stock, trading at $2.62, has been declining for over nine months and has lost its correlation with Bitcoin’s price, currently at a negative 0.30 coefficient. The stock must break out of its descending channel to signal a potential recovery.

ambcrypto03/27 01:02

Bitcoin Depot names new CEO as revenue faces 40% drop risk

ambcrypto03/27 01:02

‘Technologically impossible’: Could Kentucky bill threaten crypto self-custody?

Kentucky's proposed HB 380 amendment aims to regulate cryptocurrency kiosks but includes a controversial provision requiring hardware wallet providers to reset users' seed phrases upon request. The Bitcoin Policy Institute warns this measure would effectively outlaw self-custody, calling it "technologically impossible" and a violation of Bitcoin’s core security principles. They argue it would push users toward centralized custodians, increasing vulnerability to hacks. The amendment, added last minute, has drawn criticism for potentially infringing on residents' rights to secure their digital assets. Meanwhile, only seven U.S. states have established strategic Bitcoin reserves, with the federal government holding the largest share globally.

ambcrypto03/20 12:47

‘Technologically impossible’: Could Kentucky bill threaten crypto self-custody?

ambcrypto03/20 12:47

The Secret Behind BTC's Rise: MSTR's New Flywheel - STRC

BTC's recent strength amid market volatility may be linked to the high trading volume of MicroStrategy’s (MSTR) preferred stock, STRC, which reached up to $750 million in daily volume last week. This activity could have generated an estimated $700 million in net Bitcoin buying pressure. STRC functions as a perpetual, equity-like instrument with a fixed 11.5% annual dividend, designed to anchor around $100 through mechanisms like dynamic dividend adjustments, ATM (at-the-market) offerings, and a $101 redemption option. When STRC trades at or above $100, MSTR issues new shares via its ATM program, using the proceeds to buy Bitcoin. Due to MSTR’s target leverage ratio of 33%, each dollar raised through STRC issuance results in approximately $3 worth of Bitcoin purchases. Key constraints include the requirement that STRC trades near $100 to trigger issuance, MSTR’s mNAV (market net asset value) must remain above 1x to avoid equity dilution, and the strategy fundamentally depends on long-term Bitcoin appreciation. If Bitcoin enters a prolonged bear market, MSTR could face challenges covering dividends, potentially forcing BTC sales. In summary, STRC acts as a structured financial tool that converts market demand into Bitcoin acquisitions, reinforcing MicroStrategy’s role as a Bitcoin-focused financial company rather than a simple holding entity.

marsbit03/17 04:30

The Secret Behind BTC's Rise: MSTR's New Flywheel - STRC

marsbit03/17 04:30

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick for Making Money and Buying Coins

"STRC: Strategy's New Money-Making Magic" provides an in-depth analysis of STRC, a preferred share instrument issued by Michael Saylor's company, Strategy. STRC is a yield-bearing tool backed by Strategy's Bitcoin treasury, designed to trade near its $100 face value with a dynamically adjustable dividend rate (currently 11.5% APY paid monthly). The article explains how strong demand for STRC, when trading at par, triggers ATM (at-the-market) issuances. The proceeds are used to buy Bitcoin, and simultaneous ATM issuances of common stock (MSTR) are used to maintain the company's leverage ratio at ~33%. This structure converts yield-seeking demand into systematic Bitcoin buying pressure. Key points include: STRC splits Bitcoin exposure into low-volatility yield for holders (STRC) and remaining upside/volatility for MSTR shareholders; the model can scale significantly without increasing credit risk; and the primary long-term risk is a prolonged Bitcoin bear market, not a sudden crash like Luna/UST. The article contrasts STRC with failed algorithmic stablecoins, highlighting its lack of reflexive death spiral mechanics and substantial dollar reserves (~28 months of dividend coverage). The author argues that if one is bullish on Bitcoin, being bearish on Strategy's structure is logically difficult.

marsbit03/15 02:32

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick for Making Money and Buying Coins

marsbit03/15 02:32

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick to Make Money and Buy Coins

This article provides an in-depth analysis of STRC, a preferred share issued by MicroStrategy (MSTR) as part of its Bitcoin treasury strategy. STRC is a yield-bearing instrument designed to trade near its $100 face value, currently offering an 11.5% annual dividend paid monthly. The dividend rate is dynamically adjusted to maintain this price target. The core mechanism involves using demand for STRC to generate structural buying pressure for Bitcoin. When STRC trades at $100, MicroStrategy issues new shares via an At-The-Market (ATM) offering and uses the proceeds to buy BTC. To maintain a stable leverage ratio (currently ~33%), the company simultaneously issues new MSTR common shares (when its most diluted NAV is above 1x) to buy additional BTC. Roughly, every $1 of new STRC issuance can lead to ~$3 of BTC purchases. The structure splits Bitcoin exposure into two risk tranches: STRC holders receive stable, lower-volatility yield, while MSTR shareholders capture the remaining upside and volatility. The primary goal is to increase the bitcoin-per-share (BPS) ratio over time, benefiting MSTR shareholders. Key risks include STRC's price potentially dropping 5-10% during market stress (though arbitrage typically pulls it back toward par), and a prolonged Bitcoin bear market which could pressure the structure over many years by depleting the company's dollar reserves used for dividend payments. The article contrasts STRC with failed algorithmic stablecoin UST, highlighting fundamental differences in structure, sustainability, and the lack of a reflexive "death spiral" mechanism. The author concludes that while risks exist, the structure is resilient and unlikely to fail abruptly unless Bitcoin itself enters a sustained downturn.

Odaily星球日报03/15 02:12

Ten Thousand Words Decoding STRC: Strategy's New Magic Trick to Make Money and Buy Coins

Odaily星球日报03/15 02:12

Buy BTC or MSTR? Analyzing the Capital Flywheel of MicroStrategy

MicroStrategy's mNAV (market cap to Bitcoin holdings ratio) has compressed to near parity, sparking debate about whether the premium will re-expand. The core argument centers on the company's ATM equity issuance strategy. Critics view it as shareholder dilution, while supporters see it as rational Bitcoin accumulation. However, both miss the deeper strategic shift: MicroStrategy is building a layered capital structure that operates differently across mNAV regimes. At ~1x mNAV (current phase), equity issuance is used to buy Bitcoin directly, justified by long-term undervaluation. In high mNAV regimes (3-4x+), equity becomes a tool to repay debt from preferred securities, not just acquire Bitcoin. The introduction of preferred stock attracts yield-seeking investors, creating a continuous funding source for Bitcoin purchases but also dividend obligations. The ATM acts as a proactive de-leveraging tool, building equity ahead of future payment needs. mNAV expansion may return not only from Bitcoin price appreciation but also from the market valuing MicroStrategy as a scalable Bitcoin capital markets platform. The company is evolving from a Bitcoin treasury into a financial engine with distinct investor segments: yield investors in preferred securities and growth investors in equity. This could form a self-reinforcing "capital flywheel": preferred demand funds Bitcoin buys, equity demand values platform growth, and Bitcoin appreciation strengthens the balance sheet. The discussion may shift from *if* mNAV premium returns to *how large* this financial platform can become.

marsbit03/13 11:08

Buy BTC or MSTR? Analyzing the Capital Flywheel of MicroStrategy

marsbit03/13 11:08

Minnesota Pushes Crypto ATM Ban In Crackdown On Digital Asset Fraud

Minnesota lawmakers are considering a bill, HF 3642, to ban cryptocurrency ATMs statewide due to their prevalent use in financial scams. Law enforcement officials testified that these kiosks are an effective tool for criminals to quickly steal and move funds overseas, often targeting elderly and vulnerable residents. While the state's Department of Commerce supports the ban, crypto kiosk operator CoinFlip argues the machines are a vital bridge between cash and digital assets for consumers and advocates for clear, consistent rules instead of an outright prohibition.

bitcoinist02/28 13:02

Minnesota Pushes Crypto ATM Ban In Crackdown On Digital Asset Fraud

bitcoinist02/28 13:02

Bitcoin Depot Tightens The Rules: Show Your ID Or No Deal

Bitcoin Depot, the largest US Bitcoin ATM operator, has implemented a mandatory ID verification requirement for every transaction, not just initial sign-ups. This policy change, effective February 2026, is a direct response to the $333 million Americans lost to crypto ATM fraud last year. The move addresses a critical gap, as previous rules only required ID checks for new users, allowing scammers to exploit returning customers. Facing legal pressure—including a lawsuit from Massachusetts Attorney General and a $1.9 million settlement in Maine—the company aims to enhance security and protect consumers, particularly the elderly targeted in government impersonation and tech support scams. With over 9,000 kiosks, this new rule is a significant shift for the dominant player in the US market.

bitcoinist02/25 20:06

Bitcoin Depot Tightens The Rules: Show Your ID Or No Deal