Bitcoin Depot's Stock Offering to Raise $15M Leads to Decline
Stock Offering Announcement: Bitcoin Depot has agreed to sell 4.28 million shares of its Class A common stock at $3.50 per share, with the offering expected to close around October 8, 2025.
Use of Proceeds: The company anticipates raising approximately $15 million from the stock sale, which will be allocated for general corporate purposes.
Trade with 70% Backtested Accuracy
Analyst Views on BTM
About BTM
About the author
Bitcoin Depot Acquires Instant Coin Bank to Expand Southern Market Presence
- Market Expansion: Bitcoin Depot announced the acquisition of regional Bitcoin ATM operator Instant Coin Bank, further expanding its footprint in Texas and Oklahoma, thereby enhancing its influence in the south-central United States.
- Brand Integration: The ATM network of Instant Coin Bank will be integrated into the Bitcoin Depot platform in the coming weeks, with all locations transitioning to Bitcoin Depot branding, ensuring no disruption in customer service.
- Functionality Enhancement: Existing ATM machines will retain their core functionality while gaining access to Bitcoin Depot's 24/7 customer support, compliance programs, and technology systems, thereby improving the user experience.
- Strategic Significance: This acquisition aligns with Bitcoin Depot's strategy to consolidate the fragmented Bitcoin ATM market, further solidifying its market position in Texas and surrounding states.
FBI Reports Over $300 Million Lost to Bitcoin ATM Scams in 2025
- Surge in Fraud Losses: The FBI reports that losses from Bitcoin ATM scams have reached $333.5 million in 2025, a significant increase from approximately $250 million in 2024, indicating a troubling trend that poses serious financial risks to investors and users alike.
- Common Scam Tactics: Scammers manipulate victims into using ATMs to convert cash into cryptocurrency, which is then sent directly to the scammer's wallet, leading to substantial losses for unsuspecting users and highlighting the urgent need for market regulation.
- Increased Legislative Attention: Senator Cynthia Lummis of Wyoming has expressed concerns over the surge in Bitcoin ATM scams and aims to address the issue through a cryptocurrency market structure bill, demonstrating lawmakers' commitment to consumer protection.
- Notable Victim Cases: Despite warnings from law enforcement and store staff, victims like a 71-year-old woman have lost thousands of dollars at Bitcoin ATMs, underscoring the vulnerability of the public to cryptocurrency scams and the necessity for enhanced education on the risks involved.
MSTR Takes a Backseat: Attention Shifts to 3 BTC-Related Stocks Experiencing Declining Momentum Amid Significant Bitcoin Drop
Bitcoin Price Pressure: Bitcoin is currently facing downward pressure below the $90,000 mark, with its price down over 30% from its all-time high in October.
Declining Momentum in Bitcoin-Linked Stocks: Key Bitcoin-related stocks, including Bitcoin Depot, Bakkt Holdings, and Bitdeer Technologies, have experienced significant declines in their momentum scores, reflecting investor concerns amid Bitcoin's price correction.
Bitcoin Depot Performance: Bitcoin Depot's momentum score plummeted from 75.33 to 8.88, with the stock down nearly 48% over the last month and 25% year-over-year.
Bakkt and Bitdeer Trends: Bakkt Holdings saw its momentum score drop from 91.42 to 22.56, while Bitdeer Technologies' score fell from 64.77 to 17.50, indicating a broader impact of Bitcoin's volatility on these companies.
Bitcoin Depot names Scott Buchanan as CEO and Elizabeth Simer as COO.
Leadership Transition: Bitcoin Depot has announced a leadership transition, appointing Scott Buchanan as CEO effective January 1, 2026, while current CEO Brandon Mintz will become Executive Chairman.
Operational Changes: Elizabeth Simer has been appointed as COO, bringing over 15 years of experience in operational and strategic leadership from notable companies.
Strategic Focus: Mintz will focus on shaping the company's strategic vision and exploring growth and M&A opportunities during the transition period.
Market Challenges: Bitcoin Depot is facing regulatory challenges and a declining revenue outlook, despite a strong performance in Q3.
Scott Buchanan named CEO of Bitcoin Depot
Leadership Change: Bitcoin Depot has appointed Scott Buchanan as the new CEO, effective January 1, 2026, while Brandon Mintz will transition to Executive Chairman.
Transition Period: Mintz and Buchanan will collaborate closely until the official transition to ensure a smooth handover of responsibilities.
Buchanan's Background: Scott Buchanan has been with Bitcoin Depot since 2019, holding various senior leadership roles, including President since August 2025 and COO since March 2022.
Company Performance: Bitcoin Depot anticipates Q4 revenue between $112M and $115M, despite facing regulatory challenges and pursuing international expansion.
Bitcoin Depot shares plummet following disappointing Q4 forecast and Q3 earnings shortfall.
Q4 Revenue Guidance: Bitcoin Depot expects Q4 revenue to be between $112M and $115M, significantly below the $143.5M average analyst estimate.
Q3 Performance: The company reported Q3 revenue of $162.5M, exceeding expectations but down from the previous quarter, with a GAAP EPS of $0.08, which also fell short of the consensus.
Adjusted EBITDA Trends: Q3 adjusted EBITDA was $16.1M, a decrease from Q2 but a 20% increase year-over-year.
Market Reaction: Following the soft Q4 guidance, Bitcoin Depot shares dropped 18% in Thursday afternoon trading.
Bitcoin Depot Acquires Instant Coin Bank to Expand Southern Market Presence
- Market Expansion: Bitcoin Depot announced the acquisition of regional Bitcoin ATM operator Instant Coin Bank, further expanding its footprint in Texas and Oklahoma, thereby enhancing its influence in the south-central United States.
- Brand Integration: The ATM network of Instant Coin Bank will be integrated into the Bitcoin Depot platform in the coming weeks, with all locations transitioning to Bitcoin Depot branding, ensuring no disruption in customer service.
- Functionality Enhancement: Existing ATM machines will retain their core functionality while gaining access to Bitcoin Depot's 24/7 customer support, compliance programs, and technology systems, thereby improving the user experience.
- Strategic Significance: This acquisition aligns with Bitcoin Depot's strategy to consolidate the fragmented Bitcoin ATM market, further solidifying its market position in Texas and surrounding states.
FBI Reports Over $300 Million Lost to Bitcoin ATM Scams in 2025
- Surge in Fraud Losses: The FBI reports that losses from Bitcoin ATM scams have reached $333.5 million in 2025, a significant increase from approximately $250 million in 2024, indicating a troubling trend that poses serious financial risks to investors and users alike.
- Common Scam Tactics: Scammers manipulate victims into using ATMs to convert cash into cryptocurrency, which is then sent directly to the scammer's wallet, leading to substantial losses for unsuspecting users and highlighting the urgent need for market regulation.
- Increased Legislative Attention: Senator Cynthia Lummis of Wyoming has expressed concerns over the surge in Bitcoin ATM scams and aims to address the issue through a cryptocurrency market structure bill, demonstrating lawmakers' commitment to consumer protection.
- Notable Victim Cases: Despite warnings from law enforcement and store staff, victims like a 71-year-old woman have lost thousands of dollars at Bitcoin ATMs, underscoring the vulnerability of the public to cryptocurrency scams and the necessity for enhanced education on the risks involved.
MSTR Takes a Backseat: Attention Shifts to 3 BTC-Related Stocks Experiencing Declining Momentum Amid Significant Bitcoin Drop
Bitcoin Price Pressure: Bitcoin is currently facing downward pressure below the $90,000 mark, with its price down over 30% from its all-time high in October.
Declining Momentum in Bitcoin-Linked Stocks: Key Bitcoin-related stocks, including Bitcoin Depot, Bakkt Holdings, and Bitdeer Technologies, have experienced significant declines in their momentum scores, reflecting investor concerns amid Bitcoin's price correction.
Bitcoin Depot Performance: Bitcoin Depot's momentum score plummeted from 75.33 to 8.88, with the stock down nearly 48% over the last month and 25% year-over-year.
Bakkt and Bitdeer Trends: Bakkt Holdings saw its momentum score drop from 91.42 to 22.56, while Bitdeer Technologies' score fell from 64.77 to 17.50, indicating a broader impact of Bitcoin's volatility on these companies.
Bitcoin Depot names Scott Buchanan as CEO and Elizabeth Simer as COO.
Leadership Transition: Bitcoin Depot has announced a leadership transition, appointing Scott Buchanan as CEO effective January 1, 2026, while current CEO Brandon Mintz will become Executive Chairman.
Operational Changes: Elizabeth Simer has been appointed as COO, bringing over 15 years of experience in operational and strategic leadership from notable companies.
Strategic Focus: Mintz will focus on shaping the company's strategic vision and exploring growth and M&A opportunities during the transition period.
Market Challenges: Bitcoin Depot is facing regulatory challenges and a declining revenue outlook, despite a strong performance in Q3.
Scott Buchanan named CEO of Bitcoin Depot
Leadership Change: Bitcoin Depot has appointed Scott Buchanan as the new CEO, effective January 1, 2026, while Brandon Mintz will transition to Executive Chairman.
Transition Period: Mintz and Buchanan will collaborate closely until the official transition to ensure a smooth handover of responsibilities.
Buchanan's Background: Scott Buchanan has been with Bitcoin Depot since 2019, holding various senior leadership roles, including President since August 2025 and COO since March 2022.
Company Performance: Bitcoin Depot anticipates Q4 revenue between $112M and $115M, despite facing regulatory challenges and pursuing international expansion.
Bitcoin Depot shares plummet following disappointing Q4 forecast and Q3 earnings shortfall.
Q4 Revenue Guidance: Bitcoin Depot expects Q4 revenue to be between $112M and $115M, significantly below the $143.5M average analyst estimate.
Q3 Performance: The company reported Q3 revenue of $162.5M, exceeding expectations but down from the previous quarter, with a GAAP EPS of $0.08, which also fell short of the consensus.
Adjusted EBITDA Trends: Q3 adjusted EBITDA was $16.1M, a decrease from Q2 but a 20% increase year-over-year.
Market Reaction: Following the soft Q4 guidance, Bitcoin Depot shares dropped 18% in Thursday afternoon trading.
