BOTS, Inc. (OTC: BTZI), a leader in blockchain technology, robotic automation, and cybersecurity, has reported significant financial growth for its controlled subsidiary, Bullet Blockchain, Inc. (OTC: BULT). The company revealed that Bullet Blockchain achieved gross revenues of $1,057,128 for the six months ended June 30, 2024, marking a notable increase from the previous year. This growth underscores the subsidiary's strengthening position in the blockchain and cryptocurrency markets.
Bullet Blockchain's total assets have grown to $17.1 million, up from $16 million at the end of 2023. This increase reflects the company's ongoing investments in intellectual property, cryptocurrency holdings, and other strategic assets. The gross income from operations for the first half of 2024 reached $302,836, showing improvement from $249,638 in 2023. These figures indicate a positive trajectory for long-term growth in the blockchain industry, particularly in the Bitcoin ATM sector, which is projected to expand to USD 3.54 Billion by 2030.
The integration of Bullet Blockchain as a controlled subsidiary is a critical milestone for BOTS, Inc., enhancing its capabilities and expanding its market presence. The Bitcoin ATM industry's growth, fueled by increasing cryptocurrency adoption worldwide, presents significant opportunities for Bullet Blockchain. By 2023, there were over 30,000 crypto ATMs globally, with countries like Australia experiencing a surge in installations. Bullet Blockchain, specializing in blockchain technologies and Web 3.0, is well-positioned to capitalize on these trends through its proprietary technologies and intellectual property.
BOTS, Inc.'s diverse portfolio, including AI development, advanced robotics, and blockchain solutions, positions the company to benefit from the growing demand for blockchain-based solutions. The financial growth of Bullet Blockchain demonstrates the potential for further expansion in the blockchain and Bitcoin ATM sectors. As the market evolves, BOTS, Inc. and Bullet Blockchain's strategic investments and technological developments could play a pivotal role in the broader adoption of blockchain and cryptocurrency technologies.
