Options give Polar 2.9% of Bitcoin Depot (BTMCQ)

Rhea-AI Filing Summary

Bitcoin Depot Inc. (BTMCQ) received an amended Schedule 13G filing (Amendment No. 5) from Polar Asset Management Partners Inc., an Ontario-based investment advisor. Polar reports beneficial ownership of 174,303 shares of Class A Common Stock, all issuable upon exercise of warrants and call options, representing 2.9% of this class. Polar reports sole voting and dispositive power over these 174,303 issuable shares and confirms ownership of 5 percent or less of the class.

Key Figures

Beneficially owned shares: 174,303 shares Ownership percentage: 2.9% Sole voting power: 174,303 shares +1 more

4 metrics

Beneficially owned shares 174,303 shares Shares of Class A Common Stock issuable upon exercise of warrants and call options

Ownership percentage 2.9% Percent of Bitcoin Depot Inc. Class A Common Stock beneficially owned by Polar

Sole voting power 174,303 shares Shares over which Polar has sole power to vote or direct the vote

Sole dispositive power 174,303 shares Shares over which Polar has sole power to dispose or direct disposition

Key Terms

beneficially owned, Schedule 13G/A, Sole Voting Power, dispositive power, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 174,303 shares issuable upon the exercise of warrants"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Schedule 13G/A regulatory

"This statement is filed as a Schedule 13G/A (Amendment No. 5)"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Sole Voting Power financial

"Sole Voting Power 174,303.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole Dispositive Power 174,303.00 8 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

warrants and call options financial

"174,303 shares issuable upon the exercise of warrants and call options"

FAQ

What percentage of Bitcoin Depot Inc. (BTMCQ) does Polar Asset Management Partners currently report owning?

Polar Asset Management Partners reports beneficial ownership of 2.9% of Bitcoin Depot Inc.’s Class A Common Stock. This stake consists entirely of shares issuable upon exercise of warrants and call options, rather than currently outstanding common shares.

How many Bitcoin Depot Inc. (BTMCQ) shares are reported by Polar Asset Management Partners in this Schedule 13G/A?

Polar Asset Management Partners reports 174,303 shares of Bitcoin Depot Inc. beneficially owned. All of these are issuable upon the exercise of warrants and call options, and Polar has sole voting and dispositive power over this amount.

Does Polar Asset Management Partners still hold at least 5% of Bitcoin Depot Inc. (BTMCQ)?

No. Polar Asset Management Partners indicates ownership of 5 percent or less of Bitcoin Depot Inc.’s Class A Common Stock. The filing specifies a 2.9% beneficial ownership level, based on 174,303 shares issuable from warrants and call options.

What type of securities related to Bitcoin Depot Inc. (BTMCQ) does Polar Asset Management Partners hold?

Polar’s reported position comprises 174,303 shares issuable upon the exercise of warrants and call options of Bitcoin Depot Inc. These instruments give Polar sole voting and sole dispositive power over the underlying Class A Common Stock if exercised.

Who filed the amended Schedule 13G/A for Bitcoin Depot Inc. (BTMCQ) and in what capacity?

The filing was made by Polar Asset Management Partners Inc., a Canada-based investment advisor. It serves as investment advisor to Polar Multi-Strategy Master Fund with respect to the directly held shares, and is registered with the Ontario Securities Commission.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/19/2026 - 03:55 PM Accepted by SEC EDGAR 08/17/2026 - 06:36 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Bitcoin Depot Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

09174P113

(CUSIP Number)

06/30/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 09174P113

1

Names of Reporting Persons

Polar Asset Management Partners Inc.

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

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 174,303.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 174,303.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

174,303.00

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)

2.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Bitcoin Depot Inc.
(b)	Address of issuer's principal executive offices: 3343 Peachtree Road NE, Suite 750, Atlanta, GA 30326
Item 2.
(a)	Name of person filing: This statement is filed by Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, which serves as the investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") with respect to the shares directly held by PMSMF.
(b)	Address or principal business office or, if none, residence: 16 York Street, Suite 2900, Toronto, Ontario, M5J 0E6
(c)	Citizenship: Canada
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 09174P113
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).
	The Reporting Person is an investment fund manager, portfolio manager, exempt market dealer and commodity trading manager registered with the Ontario Securities Commission.
Item 4.	Ownership
(a)	Amount beneficially owned: 174,303 shares issuable upon the exercise of warrants and call options
(b)	Percent of class: 2.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 174,303 shares issuable upon the exercise of warrants and call options
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 174,303 shares issuable upon the exercise of warrants and call options
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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.

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.

Polar Asset Management Partners Inc.

Signature:	Andrew Ma
Name/Title:	Chief Compliance Officer
Date:	08/17/2026