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Is Bitcoin Depot Inc Stock Halal?
Shariah Compliance Analysis of BTM Stock
United States Industrials Nano Cap No. As of October 2026, Bitcoin Depot Inc (BTM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Bitcoin Depot Inc does not pass Musaffa's business and financial screening criteria.
Bitcoin Depot, Inc. engages in converting cash into crypto currency. The company is headquartered in Atlanta, Georgia and currently employs 135 full-time employees. The company went IPO on 2022-02-25. The firm provides its users with simple means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to Bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The firm has over 9,000 kiosk locations in North America. Its mobile app includes a buy online feature that connects consumers to a third-party service, Simplex powered by Nuvei, that allows consumers to buy Bitcoin without going to a kiosk or using BDCheckout. Its BTMs offer one-way exchange of cash-to-Bitcoin. The firm also operates a BTM device and transaction processing system, BitAccess, which provides software and operational capabilities to third-party BTM operators. The firm is the exclusive provider and operator of BTMs for Circle K in the United States and Canada.
BTM Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Bitcoin Depot Inc is classified as not halal.
NOT HALALBitcoin Depot Inc (BTM) Chart
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Financial Metrics & Statements of Bitcoin Depot Inc (BTM)
FAQ's for Bitcoin Depot Inc (BTM)
- As of October 2026, Bitcoin Depot Inc BTM is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Bitcoin Depot Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Bitcoin Depot Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Bitcoin Depot Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Bitcoin Depot Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Bitcoin Depot Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Bitcoin Depot Inc (BTM)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
