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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

(20) Subsequent Events

On July 1, 2024, the Company declared and paid a $15.0 million preferred distribution to BT Assets as a partial return of BT Asset's preferred on the preferred units it holds in BT HoldCo. The distribution amount reduces the preferred dividend attributable to the Non-Controlling Interest from $29.0 million to a remaining balance of $14.0 million.

On July 10, 2024, the Company entered into a Kiosk Service Agreement with an entity owned by the CEO, that owns and operates kiosks unrelated to the Company’s Bitcoin ATM business. The agreement provides for the following services: kiosk placement, treasury management and other back office services. The Company will receive 30% of the net profit as compensation.
 

On July 11, 2024, Sopris invested in an additional 200 BTMs related to our franchise profit share program