Bitcoin Depot (BTM)

• Market cap: $28.4M
• 1 day: -5.07%
• 5 days: 1.55%
• 1 month: -11.49%
• 3 months: -23.39%
• 6 months: -12.67%
• Year to date: -18.13%
• 1 year: -34.50%
• 5 years: -86.73%
• 10 years: -86.73%
• Sector: Financials
• Industry: Capital Markets

About: Bitcoin Depot Inc owns and operates the widest network of BTMs across North America where customers can buy and sell Bitcoin. Bitcoin Depot helps power the digital economy for users of cash. It has locations across the U.S. and Canada at, among others, the following types of retailers: Convenience Stores and Gas Station Chains, Pharmacies and Grocers and Mall Operators.

Employees: 126

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 7

4.76% less ownership

Funds ownership: 31.21% [Q3] → 26.45% (-4.76%) [Q4]

10% less funds holding

Funds holding: 30 [Q3] → 27 (-3) [Q4]

12% less capital invested

Capital invested by funds: $8.58M [Q3] → $7.54M (-$1.04M) [Q4]

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

100% less funds holding in top 10

Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4 205% upside
• Avg. target: $4.35 232% upside
• High target: $4.70 259% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

B. Riley Securities Harold Goetsch 0% 1-year accuracy 0 / 1 met price target	259% upside $4.70	Buy Reiterated	19 Mar 2025
HC Wainwright & Co. Mike Colonnese 8% 1-year accuracy 5 / 61 met price target	205% upside $4	Buy Reiterated	18 Mar 2025