BOTS, Inc. Reports Bullet Blockchain, Inc.’s $1.05M in Revenue for H1 2024, Up From 2023, With Total Assets Rising to $17.1M
SAN JUAN, Puerto Rico – ( NewMediaWire ) – September 30, 2024 – BOTS, Inc. (OTC: BTZI), a leader in blockchain technology, robotic automation and cybersecurity, is excited to announce that Bullet Blockchain, Inc. (OTC:BULT), a controlled subsidiary of BOTS, Inc., reported solid financial performance in the first half of 2024, highlighted by its $1,057,128 in gross revenues for the six months ended June 30, 2024, representing notable growth over prior periods.
Bullet’s total assets now stand at $17.1 million, up from $16 million at year-end 2023, reflecting continued investments in intellectual property, cryptocurrency holdings, and other strategic assets. The company’s gross income from operations reached $302,836 for the first six months of 2024, up from $249,638 in 2023, positioning Bullet for long-term growth in the blockchain industry.
The Company believes that Integrating Bullet Blockchain as a controlled subsidiary is a critical milestone for BOTS, Inc. We are excited by Bullet’s growth trajectory, and we believe this partnership will enhance our capabilities and expand our market presence.
The Bitcoin ATM industry is experiencing robust growth, with projections indicating a market size expansion to USD 3.54 Billion by 2030, at a CAGR of 56.4%. This growth is fueled by increasing cryptocurrency adoption, with over 30,000 crypto ATMs worldwide by 2023, and a significant rise in Australia where the number of Bitcoin ATMs jumped from 73 to nearly 1,200 within two years. The industry faces challenges like regulatory uncertainties, yet it’s propelled by innovations like two-way ATMs and strategic market placements, indicating a future where Bitcoin ATMs could play a pivotal role in democratizing cryptocurrency access.
Bullet Blockchain, Inc. will continue leveraging its proprietary technologies, Intellectual Property and assets to drive blockchain innovations and capitalize on emerging market opportunities.
About Bullet Blockchain, Inc.
Headquartered in Reno, Nevada, Bullet Blockchain, Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0, and though its wholly owned subsidiary, First Bitcoin Capital LLC, the owner and licensor of a portfolio of two Bitcoin ATM patents. BULT is committed to driving the innovations needed to shape the future of digital and blockchain-related platforms through digital technology and decentralized blockchain solutions. Management is dedicated to rapid growth and increasing the shareholders’ value.
About BOTS, INC.
BOTS, INC. (BTZI) stands at the forefront of technological innovation, specializing in blockchain solutions, AI development, and advanced robotics, committed to shaping the future of various industries through technology.
BOTS, INC. is a global technology company specializing in AI and blockchain-based solutions, including decentralized finance applications, and cybersecurity solutions, and owns a portfolio of 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. BOTS INC. is developing a friendly AI assistant modeled after the personality of Scott Adams and designed to be a personal friend to our customers -incorporating multiple features, some of which are found in the popular Chat-GPT.
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Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed on the Company’s website and filings.
Contact Information:
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BOTS INC.
Telephone: 939-212-9068
