LMR group discloses 6.6% Bitcoin Depot (BTM) ownership via warrants

Rhea-AI Filing Summary

Bitcoin Depot Inc. shareholder group led by the LMR Investment Managers reported beneficial ownership of 2,501,266 shares of Class A Common Stock, representing about 6.6% of the company. These shares are issuable upon the exercise of warrants held by LMR Master Fund and LMR CCSA Master Fund, each with 1,250,633 shares as of December 31, 2025. The percentage is based on 35,360,672 shares outstanding as of November 14, 2025. The holders certify the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Bitcoin Depot.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Bitcoin Depot Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

09174P105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 09174P105

1

Names of Reporting Persons

LMR Partners LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,501,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,501,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,501,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 09174P105

1

Names of Reporting Persons

LMR PARTNERS Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,501,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,501,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,501,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 09174P105

1

Names of Reporting Persons

LMR Partners LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,501,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,501,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,501,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. 09174P105

1

Names of Reporting Persons

LMR Partners AG

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,501,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,501,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,501,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 09174P105

1

Names of Reporting Persons

LMR PARTNERS (DIFC) Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED ARAB EMIRATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,501,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,501,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,501,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 09174P105

1

Names of Reporting Persons

LMR Partners (Ireland) Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,501,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,501,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,501,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 09174P105

1

Names of Reporting Persons

Ben Levine

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,501,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,501,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,501,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

CUSIP No. 09174P105

1

Names of Reporting Persons

Stefan Renold

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SWITZERLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,501,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,501,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,501,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.6 %

12

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bitcoin Depot Inc.
(b)	Address of issuer's principal executive offices: 2870 Peachtree Road, Suite 327, Atlanta, Georgia, 30305
Item 2.
(a)	Name of person filing: TThis statement is filed by: (i) LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited (collectively, the "LMR Investment Managers"), which serve as the investment managers to certain funds with respect to the shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") held by certain funds; and (ii) Ben Levine and Stefan Renold, who are ultimately in control of the investment and voting decisions of the LMR Investment Managers with respect to the securities held by certain funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is c/o LMR Partners LLP, 9th Floor, Devonshire House, 1 Mayfair Place, London, W1J 8AJ, United Kingdom.
(c)	Citizenship: LMR Partners LLP is a United Kingdom limited liability partnership. LMR Partners Limited is a Hong Kong corporation. LMR Partners LLC is a Delaware limited liability company. LMR Partners AG is a Swiss corporation. LMR Partners (DIFC) Limited is a United Arab Emirates corporation. LMR Partners (Ireland) Limited is a limited company incorporated in Ireland. Ben Levine is a citizen of the United Kingdom. Stefan Renold is a citizen of Switzerland.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 09174P105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Investment Adviser
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference. As of December 31, 2025: The Class A Common Stock beneficially owned by the Reporting Persons are directly held by LMR Multi-Strategy Master Fund Limited ("LMR Master Fund") and LMR CCSA Master Fund Ltd ("LMR CCSA Master Fund"). Each of LMR Master Fund and LMR CCSA Master Fund directly holds 1,250,633 shares of Class A Common Stock issuable upon the exercise of warrants.
(b)	Percent of class: As of December 31, 2025: The shares of Class A Common Stock held by each of LMR Master Fund and LMR CCSA Master Fund represent approximately 3.4% and the shares of Class A Common Stock held by LMR Master Fund and LMR CCSA Master Fund in the aggregate represent approximately 6.6% of the outstanding shares of Class A Common Stock, based on 35,360,672 shares of Class A Common Stock of the Issuer outstanding as of November 14, 2025, as reported in the Issuer's Proxy Statement filed with the Securities and Exchange Commission on November 25, 2025, plus shares that may be acquired by such Reporting Persons within 60 days.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: As of December 31, 2025, each of the Reporting Persons had sole power to vote or direct the vote of 0 Shares.
	(ii) Shared power to vote or to direct the vote: As of December 31, 2025, each of the Reporting Persons had shared power to vote or direct the vote of 2,501,266 Shares.
	(iii) Sole power to dispose or to direct the disposition of: As of December 31, 2025, each of the Reporting Persons had sole power to dispose or to direct the disposition of 0 Shares.
	(iv) Shared power to dispose or to direct the disposition of: As of December 31, 2025, each of the Reporting Persons had shared power to dispose or to direct the disposition of 2,501,266 Shares.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The securities beneficially owned by the Reporting Persons are directly held by LMR Master Fund and LMR CCSA Master Fund, for which the LMR Investment Managers serve as the investment managers.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to LMR Partners LLP, LMR Partners Limited, LMR Partners AG, LMR Partners (DIFC) Limited and LMR Partners (Ireland) Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

LMR Partners LLP

Signature:	/s/ Shane Cullinane
Name/Title:	Shane Cullinane / Chief Operating Officer
Date:	02/17/2026

LMR PARTNERS Ltd

Signature:	/s/ Shane Cullinane
Name/Title:	Shane Cullinane / Chief Operating Officer
Date:	02/17/2026

LMR Partners LLC

Signature:	/s/ Allyson Hanlon
Name/Title:	Allyson Hanlon / Deputy General Counsel
Date:	02/17/2026

LMR Partners AG

Signature:	/s/ Shane Cullinane
Name/Title:	Shane Cullinane / Chief Operating Officer
Date:	02/17/2026

LMR PARTNERS (DIFC) Ltd

Signature:	/s/ Shane Cullinane
Name/Title:	Shane Cullinane / Chief Operating Officer
Date:	02/17/2026

LMR Partners (Ireland) Limited

Signature:	/s/ Shane Cullinane
Name/Title:	Shane Cullinane / Chief Operating Officer
Date:	02/17/2026

Ben Levine

Signature:	/s/ Ben Levine
Name/Title:	Ben Levine / Self
Date:	02/17/2026

Stefan Renold

Signature:	/s/ Stefan Renold
Name/Title:	Stefan Renold / Self
Date:	02/17/2026

FAQ

What ownership stake in Bitcoin Depot (BTM) did LMR report?

LMR-affiliated funds reported beneficial ownership of about 6.6% of Bitcoin Depot’s Class A Common Stock. This represents 2,501,266 shares, all issuable upon warrant exercise, held through LMR Master Fund and LMR CCSA Master Fund as of December 31, 2025.

How many Bitcoin Depot (BTM) shares do LMR funds control?

LMR funds beneficially own 2,501,266 shares of Bitcoin Depot Class A stock. LMR Master Fund and LMR CCSA Master Fund each hold 1,250,633 shares issuable upon exercise of warrants, giving the LMR group shared voting and dispositive power over the entire amount.

What percentage of Bitcoin Depot (BTM) does 2,501,266 shares represent?

The 2,501,266 Bitcoin Depot Class A shares beneficially owned by the LMR group represent about 6.6% of the company. This percentage is calculated using 35,360,672 shares outstanding as of November 14, 2025, plus shares acquirable within 60 days.

Who are the reporting persons in the Bitcoin Depot (BTM) Schedule 13G/A?

The reporting persons are the LMR Investment Managers entities (including LMR Partners LLP, LMR Partners Limited and affiliates) and individuals Ben Levine and Stefan Renold. Levine and Renold ultimately control investment and voting decisions for the LMR Investment Managers regarding these securities.

Are LMR’s Bitcoin Depot (BTM) shares held to influence control of the company?

The reporting group certifies the Bitcoin Depot securities were acquired and are held in the ordinary course of business. They state the holdings are not for changing or influencing control of the issuer and are not part of any control-related transaction.

How is LMR’s voting power over Bitcoin Depot (BTM) shares structured?

Each reporting person reports 0 shares with sole voting or dispositive power and 2,501,266 shares with shared voting and shared dispositive power. The securities are directly held by LMR Master Fund and LMR CCSA Master Fund, with LMR Investment Managers acting as investment managers.