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v3.24.3

Non-controlling Interests (Tables) | 9 Months Ended
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Sep. 30, 2024
Noncontrolling interest [Abstract] |
Summary of Changes in the Balances Non-controlling Interests | The following table presents the changes in the balances of non-controlling interests for the three and nine months ended September 30, 2024 and 2023 (in thousands):
|  | BitAccess |  | BT HoldCo |  | Total |
Beginning balance July 1, 2024 |  | $ | 2,767 |  | $ | 18,337 |  | $ | 21,104 |
Distributions |  |  | — |  |  | (15,000 | ) |  | (15,000 | )
Share-based compensation expense |  |  | 8 |  |  | — |  |  | 8 |
Foreign currency translation |  |  | — |  |  | (13 | ) |  | (13 | )
Net income (loss) |  |  | (128 | ) |  | 3,366 |  |  | 3,238 |
Ending balance September 30, 2024 |  | $ | 2,647 |  | $ | 6,690 |  | $ | 9,337 |
Beginning balance January 1, 2024 |  | $ | 2,707 |  | $ | 22,480 |  | $ | 25,187 |
Distributions |  |  | — |  |  | (22,748 | ) |  | (22,748 | )
Share-based compensation expense |  |  | 24 |  |  | — |  |  | 24 |
Redemption of non-controlling interest |  |  | — |  |  | (585 | ) |  | (585 | )
Net income (loss) |  |  | (84 | ) |  | 7,543 |  |  | 7,459 |
Ending balance September 30, 2024 |  | $ | 2,647 |  | $ | 6,690 |  | $ | 9,337 |
|  | BitAccess |  | Bitcoin Depot Inc. |  | Total |
Beginning balance July 1, 2023 |  | $ | 2,480 |  | $ | 9,866 |  | $ | 12,346 |
Distributions |  |  | — |  |  | (294 | ) |  | (294 | )
Stock compensation |  |  | 146 |  |  | — |  |  | 146 |
Foreign currency translation |  |  | — |  |  | 87 |  |  | 87 |
Net income (loss) |  |  | (137 | ) |  | 8,300 |  |  | 8,163 |
Ending balance September 30, 2023 |  | $ | 2,489 |  | $ | 17,959 |  | $ | 20,448 |
Beginning balance January 1, 2023 |  | $ | 2,230 |  | $ | — |  | $ | 2,230 |
Distributions |  |  | — |  |  | (294 | ) |  | (294 | )
Stock compensation |  |  | 528 |  |  | — |  |  | 528 |
Foreign currency translation |  |  | — |  |  | 87 |  |  | 87 |
Recapitalization |  |  | — |  |  | 9,866 |  |  | 9,866 |
Net income (loss) |  |  | (269 | ) |  | 8,300 |  |  | 8,031 |
Ending balance September 30, 2023 |  | $ | 2,489 |  | $ | 17,959 |  | $ | 20,448 |
Schedule of Ownership Interests | The following table summarizes the ownership interests in BT HoldCo common units:
|  | As of September 30, 2024 |  |  | As of December 31, 2023 |
|  | BT HoldCo |  |  | Ownership % |  |  | BT HoldCo |  |  | Ownership % |
Number of BT HoldCo interests held by Bitcoin Depot Inc. |  |  | 20,919,174 |  |  |  | 32.18 | % |  |  | 16,727,691 |  |  |  | 27.50 | %
Number of BT HoldCo interests held by non-controlling interest holders |  |  | 41,193,024 |  |  |  | 67.82 | % |  |  | 44,100,000 |  |  |  | 72.50 | %
Total BT HoldCo interests outstanding |  |  | 62,112,198 |  |  |  | 100.00 | % |  |  | 60,827,691 |  |  |  | 100.00 | %
Schedule of Redemptions | The following table summarizes the redemptions BT HoldCo interests:
| Nine Months Ended September 30, 2024 |  |  | Year Ended December 31, 2023 |
Redemption and acquisition of BT HoldCo interests: |  |  |  |  |
Number of BT HoldCo interests redeemed by the non-controlling interest holders |  | 2,906,976 |  |  |  | — |
Number of BT HoldCo interests received by PubCo |  | 2,906,976 |  |  |  | — |
Issuance of Class A common stock: |  |  |  |  |
Shares of Class A common stock issued in connection with the redemption of BT HoldCo interests |  | 2,906,976 |  |  |  | — |
Cancellation of BT HoldCo common units and Class V units: |  |  |  |  |
Number of BT HoldCo common Units surrendered |  | 2,906,976 |  |  |  | — |
Number of PubCo Class V units surrendered |  | 2,906,976 |  |  |  | — |

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- Definition Tabular disclosure of other units or shares or classes of ownership in a partnership. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-5 + Details
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- Definition Tabular disclosure of the nature and terms of the financial instruments and the rights and obligations embodied in those instruments, information about settlement alternatives, if any, in the contract and identification of the entity that controls the settlement alternatives including: a. The amount that would be paid, or the number of shares that would be issued and their fair value, determined under the conditions specified in the contract if the settlement were to occur at the reporting date b. How changes in the fair value of the issuer's equity shares would affect those settlement amounts (for example, "the issuer is obligated to issue an additional x shares or pay an additional y dollars in cash for each $1 decrease in the fair value of one share") c. The maximum amount that the issuer could be required to pay to redeem the instrument by physical settlement, if applicable d. The maximum number of shares that could be required to be issued, if applicable e. That a contract does not limit the amount that the issuer could be required to pay or the number of shares that the issuer could be required to issue, if applicable f. For a forward contract or an option indexed to the issuer's equity shares, the forward price or option strike price, the number of issuer's shares to which the contract is indexed, and the settlement date or dates of the contract, as applicable. g. The components of the liability that would otherwise be related to shareholders' interest and other comprehensive income (if any) subject to the redemption feature (for example, par value and other paid in amounts of mandatorily redeemable instruments are disclosed separately from the amount of retained earnings or accumulated deficit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 480 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481648/480-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 480 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481648/480-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section 45 -Paragraph 2A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481679/480-10-45-2A + Details
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