XML 45 R37.htm IDEA: XBRL DOCUMENT v3.24.3

Non-controlling Interests (Tables)

9 Months Ended

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				—

X

- Definition

The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4M
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4M

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (d)
-SubTopic 10
-Topic 810
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

+ Details

Name:	us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestEffectsOfChangesNetTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_NoncontrollingInterestAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfOtherOwnershipInterestsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_SharesSubjectToMandatoryRedemptionDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration