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

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

Bullet Blockchain’s total assets have risen to $17.1 million, up 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. The gross income from operations reached $302,836 for the first half of 2024, an improvement from $249,638 in 2023, indicating a positive trajectory for long-term growth in the blockchain industry.

The integration of Bullet Blockchain as a controlled subsidiary is considered a critical milestone for BOTS, Inc., potentially enhancing its capabilities and expanding its market presence. This development comes at a time when the Bitcoin ATM industry is experiencing robust growth, with projections suggesting a market size expansion to USD 3.54 Billion by 2030, at a compound annual growth rate (CAGR) of 56.4%.

The growth in the Bitcoin ATM sector is fueled by increasing cryptocurrency adoption worldwide. By 2023, there were over 30,000 crypto ATMs globally, with countries like Australia seeing a significant surge in installations. The number of Bitcoin ATMs in Australia jumped from 73 to nearly 1,200 within just two years, highlighting the rapid expansion of this technology.

Despite facing challenges such as regulatory uncertainties, the Bitcoin ATM industry continues to evolve with innovations like two-way ATMs and strategic market placements. These developments suggest that Bitcoin ATMs could play a pivotal 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 through its wholly-owned subsidiary, First Bitcoin Capital LLC, owns and licenses a portfolio of two Bitcoin ATM patents. This strategic positioning allows Bullet Blockchain to leverage its proprietary technologies and intellectual property to drive blockchain innovations and take advantage of emerging market trends.

BOTS, Inc., as the parent company, continues to focus on technological innovation 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 businesses 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.’s strategic investments and technological developments position the company to potentially benefit from the growing demand for blockchain-based solutions and cryptocurrency infrastructure. The reported financial growth of Bullet Blockchain demonstrates the company’s ability to capitalize on these market trends and suggests potential for further expansion in the rapidly developing 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 ability to leverage their technological assets could have significant implications for their market position and the broader adoption of blockchain and cryptocurrency technologies.

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