December 31, 2023

(unaudited)

BT OpCo

BT HoldCo

PubCo

Eliminations

Consolidated

Assets

Current:

Cash and cash equivalents

$

29,011

$

5

$

743

$

—

$

29,759

Cryptocurrencies

712

—

—

—

712

Accounts receivable

245

—

—

—

245

Prepaid expenses and other current assets

6,298

11

245

—

6,554

Total current assets

36,266

16

988

—

37,270

Property and equipment:

Furniture and fixtures

635

—

—

—

635

Leasehold improvements

172

—

—

—

172

Kiosk machines - owned

24,222

—

—

—

24,222

Kiosk machines - leased

20,524

—

—

—

20,524

Vehicles

—

—

—

—

—

Total property and equipment

45,553

—

—

—

45,553

Less: accumulated depreciation

(20,699

)

—

—

—

(20,699

)

Total property and equipment, net

24,854

—

—

—

24,854

Intangible assets, net

3,836

—

—

—

3,836

Goodwill

8,717

—

—

—

8,717

Operating lease right-of-use assets, net

484

—

—

—

484

Security deposits

412

—

—

—

412

Deferred tax asset

41

—

1,763

—

1,804

Due from related parties

7,774

—

—

(7,774

)

—

Investment in Subsidiary

—

20,952

—

(20,952

)

—

Total Assets

$

82,384

$

20,968

$

2,751

$

(28,726

)

$

77,377

December 31, 2023

(unaudited)

BT OpCo

BT HoldCo

PubCo

Eliminations

Consolidated

Liabilities and Stockholders’ Equity and Member’s Equity

Current:

Accounts payable

$

8,337

$

—

$

—

$

—

$

8,337

Accrued expenses

17,875

—

3,670

—

21,545

Notes payable

3,985

—

—

—

3,985

Income taxes payable

944

—

1,540

—

2,484

Deferred revenue

297

—

—

—

297

Operating lease liabilities, current portion

279

—

—

—

279

Current installments of obligations under finance leases

6,801

—

—

—

6,801

Derivative liabilities

—

—

—

—

—

Other tax payable

—

—

2,297

—

2,297

Total current liabilities

38,518

—

7,507

—

46,025

Long-term liabilities:

Note payable, non-current

17,101

—

—

—

17,101

Operating lease liabilities, non-current

319

—

—

—

319

Obligations under finance leases, non-current

2,848

—

—

—

2,848

Deferred income tax, net

846

—

—

—

846

Due to related parties

—

—

7,774

(7,774

)

—

Tax receivable agreement liability

—

—

865

—

865

Total Liabilities

59,632

—

16,146

(7,774

)

68,004

Commitments and Contingencies (Note 22)

Stockholders’ Equity and Member’s Equity

Series A Preferred Stock, $0.0001 par value; 50,000,000 authorized, 3,125,000
shares issued and outstanding, at December 31, 2023

—

484

—

(484

)

—

Class A common stock, $0.0001 par value; 800,000,000 authorized, 13,671,691
shares issued, and 13,551,047 shares outstanding at December 31, 2023

—

6,881

1

(6,881

)

1

Class B common stock, $0.0001 par value; 20,000,000 authorized,
no shares issued and outstanding at December 31, 2023

—

—

—

—

—

Class E common stock, $0.0001 par value; 2,250,000 authorized, 1,075,761
shares issued and outstanding at December 31, 2023

—

—

—

—

—

Class M common stock, $0.0001 par value; 300,000,000 authorized,
no shares issued and outstanding at December 31, 2023

—

—

—

—

—

Class O common stock, $0.0001 par value; 800,000,000 authorized,
no shares issued and outstanding at December 31, 2023

—

—

—

—

—

Class V common stock, $0.0001 par value; 300,000,000 authorized, 44,100,000
shares issued and outstanding at December 31, 2023

—

—

4

—

4

Treasury stock

—

—

(279

)

—

(279

)

Stock subscriptions receivable

—

—

—

—

—

Additional paid-in capital

—

4,115

17,326

(4,115

)

17,326

Retained earnings (accumulated deficit)

—

6,685

(30,245

)

(9,103

)

(32,663

)

Equity attributed to Legacy Bitcoin Depot

20,234

95

—

(20,329

)

—

Accumulated other comprehensive loss

(190

)

—

(202

)

189

(203

)

Total Stockholders’ Equity and Equity Attributable to Legacy Bitcoin Depot

20,044

18,260

(13,395

)

(40,723

)

(15,814

)

Equity attributable to non-controlling interests

2,708

2,708

—

19,771

25,187

Total Stockholders’ Equity and Member’s Equity

22,752

20,968

(13,395

)

(20,952

)

9,373

Total Liabilities and Stockholders’ Equity and Member’s Equity

$

82,384

$

20,968

$

2,751

$

(28,726

)

$

77,377

Year Ended December 31, 2023

(unaudited)

BT OpCo

BT HoldCo

PubCo

Eliminations

Consolidated

Revenue

$

688,967

$

13,147

$

—

$

(13,147

)

$

688,967

Cost of revenue (excluding depreciation and amortization)

587,938

—

—

—

587,938

Operating expenses:

—

—

—

—

—

Selling, general, and administrative

50,112

—

7,658

—

57,770

Depreciation and amortization

12,788

—

—

—

12,788

Total operating expenses

62,900

—

7,658

—

70,558

Income from operations

38,129

13,147

(7,658

)

(13,147

)

30,471

Other (expense) income:

Interest expense

11,926

—

—

—

11,926

Other (expense) income

1,841

—

14,896

—

16,737

(Loss) on foreign currency transactions

289

—

—

—

289

Total other (expense) income

14,056

—

14,896

—

28,952

Income (loss) before provision for income taxes and non-
controlling interest

24,073

13,147

(22,554

)

(13,147

)

1,519

Income tax (expense) benefit

(139

)

—

188

—

49

Net (loss) income

24,212

13,147

(22,742

)

(13,147

)

1,470

Net income attributable to Legacy Bitcoin Depot unit holders

12,906

—

—

—

12,906

Net income (loss) attributable to non-controlling interest
in subsidiary

(226

)

—

—

14,892

14,666

Net (loss) income attributable to Bitcoin Depot Inc.

11,531

13,147

(22,741

)

(28,039

)

(26,102

)

Other comprehensive income (loss), net of tax

Net (loss) income

24,211

13,147

(22,741

)

(13,147

)

1,470

Foreign currency translation adjustments

(4

)

—

—

—

(4

)

Total comprehensive (loss) income

24,207

13,147

(22,741

)

(13,147

)

1,466

Comprehensive income attributable to Legacy Bitcoin Depot
unit holders

12,885

—

—

—

12,885

Comprehensive income (loss) attributable to non-controlling
interest in subsidiary

(247

)

(247

)

—

15,177

14,683

Comprehensive (loss) income attributable to Bitcoin Depot Inc.

$

11,569

$

13,394

$

(22,741

)

$

(28,324

)

$

(26,102

)