BOTS, Inc. Reports Strong Financial Growth for Bitcoin ATM Subsidiary

BOTS, Inc. (OTC: BTZI), a leader in blockchain technology, robotics automation and cybersecurity, has reported significant financial growth for its controlled subsidiary Bullet Blockchain, Inc. (OTC: BULT). The company announced that Bullet Blockchain generated gross revenue of $1,057,128 for the six months ended June 30, 2024, a significant year-over-year increase.

Bullet Blockchain’s total assets have increased to $17.1 million from $16 million at the end of 2023. This growth reflects the company’s continued investments in intellectual property, cryptocurrency holdings and other strategic assets. Gross operating revenue reached $302,836 in the first half of 2024, an improvement from $249,638 in 2023, indicating a positive development for the long-term growth of the blockchain industry.

The integration of Bullet Blockchain as a controlled subsidiary is considered a key milestone for BOTS, Inc., potentially expanding its capabilities and expanding its market presence. This development comes at a time when the Bitcoin ATM industry is experiencing robust growth. Forecasts indicate the market size will expand to $3.54 billion by 2030 at a compound annual growth rate (CAGR) of 56.4%.

The growth in the Bitcoin ATM space is driven by the increasing acceptance of cryptocurrencies worldwide. By 2023, there were over 30,000 crypto ATMs worldwide, with countries like Australia seeing a significant increase in installations. The number of Bitcoin ATMs in Australia rose from 73 to almost 1,200 in just two years, underscoring the rapid expansion of this technology.

Despite challenges such as regulatory uncertainty, the Bitcoin ATM industry continues to evolve with innovations such as two-way ATMs and strategic market placements. These developments suggest that Bitcoin ATMs could play a crucial role in democratizing access to cryptocurrencies in the future.

Bullet Blockchain, Inc., headquartered in Reno, Nevada, is positioning itself to capitalize on these market opportunities. The company specializes in blockchain technologies and Web 3.0 and owns and licenses a portfolio of two Bitcoin ATM patents through its wholly owned subsidiary First Bitcoin Capital LLC. This strategic positioning allows Bullet Blockchain to leverage its proprietary technologies and intellectual property to drive blockchain innovation and capitalize on trends in emerging markets.

As a parent company, BOTS, Inc. continues to focus on technological innovations across various sectors. The company’s diverse portfolio includes AI development, advanced robotics and blockchain solutions, including decentralized finance applications and cybersecurity solutions. BOTS, Inc. also owns digital assets and crypto-related companies such as BeadSwap, a decentralized crypto exchange, and Cyber ​​Security Group LLC, an ISO/IEC 27001:2013 Information Security Management System certified company.

As the blockchain and cryptocurrency markets continue to evolve, BOTS, Inc., through its strategic investments and technological developments, is positioned to potentially benefit from the growing demand for blockchain-based solutions and cryptocurrency infrastructure. Bullet Blockchain’s reported financial growth demonstrates the company’s ability to capitalize on these market trends and suggests potential for further expansion in the rapidly evolving blockchain and Bitcoin ATM sectors.

Investors and industry observers will likely be watching BOTS, Inc. and Bullet Blockchain closely as they continue to navigate the dynamic landscape of blockchain technology and cryptocurrency adoption. The companies’ future performance and their ability to leverage their technological resources could have a significant impact on their market position and the broader adoption of blockchain and cryptocurrency technologies.