Welcome to our dedicated page for Bitcoin Depot SEC filings (Ticker: BTMWW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bitcoin Depot Inc. filings document the regulatory record for a Delaware fintech company with Class A common stock and publicly traded warrants listed on Nasdaq. Registration statements and current reports describe the company's Bitcoin ATM and cash-to-Bitcoin business, BDCheckout, product portfolio, capital structure, reverse stock split, warrant terms, and emerging growth company status.
Form 8-K and 8-K/A disclosures cover material events including executive and board changes, compensation arrangements, cybersecurity incident reporting, and related governance updates. The filings also record risk factors, financial statements, share classes, tax matters, securities registration, and corporate actions relevant to Bitcoin Depot's operating business and BTMWW warrants.
Bitcoin Depot Inc. reported mixed results for 2025, with full-year revenue rising 7% to $614.9 million and gross profit up 30% to $105.6 million. Gross margin improved to 17.2%, and Adjusted EBITDA grew 42% to $56.4 million, reflecting better underlying profitability.
However, net income fell to $5.1 million from $7.8 million, largely due to an $18.5 million accrual for an arbitration judgment and other non-recurring items. Fourth-quarter results were notably weaker, with revenue down to $116.0 million, gross margin compressing, and a net loss of $24.9 million.
The company ended 2025 with $76.6 million in cash, cash equivalents, and cryptocurrencies and significantly higher operating cash flow of $34.0 million. Management expects 2026 core-business revenue to decline 30%–40% amid new state regulations and stricter compliance, which they view as supportive of long-term industry stability.
Bitcoin Depot Inc. reported mixed results for 2025, with full-year revenue rising 7% to $614.9 million and gross profit up 30% to $105.6 million. Gross margin improved to 17.2%, and Adjusted EBITDA grew 42% to $56.4 million, reflecting better underlying profitability.
However, net income fell to $5.1 million from $7.8 million, largely due to an $18.5 million accrual for an arbitration judgment and other non-recurring items. Fourth-quarter results were notably weaker, with revenue down to $116.0 million, gross margin compressing, and a net loss of $24.9 million.
The company ended 2025 with $76.6 million in cash, cash equivalents, and cryptocurrencies and significantly higher operating cash flow of $34.0 million. Management expects 2026 core-business revenue to decline 30%–40% amid new state regulations and stricter compliance, which they view as supportive of long-term industry stability.
Bitcoin Depot Inc. is implementing a one-for-seven reverse stock split of its Common Stock, effective at 12:01 a.m. Eastern time on February 23, 2026. The Class A Common Stock will continue trading on Nasdaq under the symbol BTM on a split-adjusted basis from that date, with a new CUSIP of 09174P 303.
The split will reduce outstanding shares of Class A Common Stock from 35,495,968 to approximately 5,070,852 and Class M Common Stock from 37,846,102 to approximately 5,406,586, with cash paid in lieu of fractional shares. Warrant terms and equity awards under the 2023 Omnibus Incentive Plan, as well as other convertible securities, will be proportionately adjusted, while authorized share counts and par values remain unchanged. The company also reduced the shares registered on its 2023 Form S-8 from 7,536,807 to 1,076,686 to reflect the split.
Bitcoin Depot Inc. is implementing a one-for-seven reverse stock split of its Common Stock, effective at 12:01 a.m. Eastern time on February 23, 2026. The Class A Common Stock will continue trading on Nasdaq under the symbol BTM on a split-adjusted basis from that date, with a new CUSIP of 09174P 303.
The split will reduce outstanding shares of Class A Common Stock from 35,495,968 to approximately 5,070,852 and Class M Common Stock from 37,846,102 to approximately 5,406,586, with cash paid in lieu of fractional shares. Warrant terms and equity awards under the 2023 Omnibus Incentive Plan, as well as other convertible securities, will be proportionately adjusted, while authorized share counts and par values remain unchanged. The company also reduced the shares registered on its 2023 Form S-8 from 7,536,807 to 1,076,686 to reflect the split.
Bitcoin Depot Inc. received an updated ownership report showing that former significant holders CVI Investments, Inc. and Heights Capital Management, Inc. now report no beneficial ownership of its Class A Common Stock. Both entities list 0 shares beneficially owned, representing 0% of the class.
The filing states that Heights Capital Management, Inc., as investment manager to CVI Investments, Inc., could be deemed a beneficial owner of shares held by CVI Investments, Inc., but both parties disclaim beneficial ownership except for any pecuniary interest. They also certify the securities were not acquired to change or influence control of Bitcoin Depot Inc.
Bitcoin Depot Inc. received an updated ownership report showing that former significant holders CVI Investments, Inc. and Heights Capital Management, Inc. now report no beneficial ownership of its Class A Common Stock. Both entities list 0 shares beneficially owned, representing 0% of the class.
The filing states that Heights Capital Management, Inc., as investment manager to CVI Investments, Inc., could be deemed a beneficial owner of shares held by CVI Investments, Inc., but both parties disclaim beneficial ownership except for any pecuniary interest. They also certify the securities were not acquired to change or influence control of Bitcoin Depot Inc.
Aristeia Capital, L.L.C. filed an amended Schedule 13G reporting its beneficial ownership of 2,169,191 warrants of Bitcoin Depot Inc. Each whole warrant is exercisable for one share of Class A common stock at an exercise price of $11.50 per share.
The filing states this position represents 5.76% of the outstanding shares, calculated by dividing 2,169,191 by 37,665,159, which is the sum of 35,495,968 shares outstanding as of January 12, 2026 and the reported warrants. Aristeia reports sole voting and dispositive power over all 2,169,191 warrants.
Aristeia certifies the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Bitcoin Depot, other than activities solely in connection with a nomination under Rule 14a-11.
Aristeia Capital, L.L.C. filed an amended Schedule 13G reporting its beneficial ownership of 2,169,191 warrants of Bitcoin Depot Inc. Each whole warrant is exercisable for one share of Class A common stock at an exercise price of $11.50 per share.
The filing states this position represents 5.76% of the outstanding shares, calculated by dividing 2,169,191 by 37,665,159, which is the sum of 35,495,968 shares outstanding as of January 12, 2026 and the reported warrants. Aristeia reports sole voting and dispositive power over all 2,169,191 warrants.
Aristeia certifies the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Bitcoin Depot, other than activities solely in connection with a nomination under Rule 14a-11.
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.
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.
Bitcoin Depot Inc. received an updated ownership disclosure from Polar Asset Management Partners Inc., which reports beneficial ownership of 2,905,974 shares issuable upon exercise of warrants and call options, representing 7.7% of the Class A common stock as of 12/31/2025.
Polar, acting as investment adviser to Polar Multi-Strategy Master Fund, certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Bitcoin Depot.
Bitcoin Depot Inc. received an updated ownership disclosure from Polar Asset Management Partners Inc., which reports beneficial ownership of 2,905,974 shares issuable upon exercise of warrants and call options, representing 7.7% of the Class A common stock as of 12/31/2025.
Polar, acting as investment adviser to Polar Multi-Strategy Master Fund, certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Bitcoin Depot.
Bitcoin Depot Inc. received an amended Schedule 13G filing showing that Welch Capital Partners, LLC beneficially owns 1,627,423 shares of its Class A common stock. This represents 4.6% of the class as of the event date 12/31/2025.
Welch Capital reports sole power to vote and dispose of all 1,627,423 shares, with no shared voting or dispositive power. The firm certifies the holdings were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Bitcoin Depot.
Bitcoin Depot Inc. received an amended Schedule 13G filing showing that Welch Capital Partners, LLC beneficially owns 1,627,423 shares of its Class A common stock. This represents 4.6% of the class as of the event date 12/31/2025.
Welch Capital reports sole power to vote and dispose of all 1,627,423 shares, with no shared voting or dispositive power. The firm certifies the holdings were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Bitcoin Depot.
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation report owning 1,534,631 shares of Bitcoin Depot Inc. Class A common stock, representing 4.34% of the class. This beneficial ownership relates to securities held as of December 31, 2025.
The firms have sole voting and dispositive power over these shares, with no shared power reported. Certain funds managed by Renaissance Technologies LLC have the right to receive dividends and sale proceeds. The stake is certified as held in the ordinary course of business, not for the purpose of influencing control of Bitcoin Depot.
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation report owning 1,534,631 shares of Bitcoin Depot Inc. Class A common stock, representing 4.34% of the class. This beneficial ownership relates to securities held as of December 31, 2025.
The firms have sole voting and dispositive power over these shares, with no shared power reported. Certain funds managed by Renaissance Technologies LLC have the right to receive dividends and sale proceeds. The stake is certified as held in the ordinary course of business, not for the purpose of influencing control of Bitcoin Depot.
Bank of Montreal and its affiliates report that they no longer beneficially own any Bitcoin Depot Inc. Class A common stock. As of 12/31/2025, Bank of Montreal, Bank of Montreal Holding Inc., and BMO Nesbitt Burns Inc. each report 0 shares with 0% of the class, and no sole or shared voting or dispositive power.
The filing states they own 5 percent or less of the class and that any securities were acquired and held in the ordinary course of business, not to change or influence control of Bitcoin Depot Inc.
Bank of Montreal and its affiliates report that they no longer beneficially own any Bitcoin Depot Inc. Class A common stock. As of 12/31/2025, Bank of Montreal, Bank of Montreal Holding Inc., and BMO Nesbitt Burns Inc. each report 0 shares with 0% of the class, and no sole or shared voting or dispositive power.
The filing states they own 5 percent or less of the class and that any securities were acquired and held in the ordinary course of business, not to change or influence control of Bitcoin Depot Inc.