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Bitcoin Depot Inc. NASDAQ:BTM Chief Executive Officer Brandon Taylor Mintz indirectly sold 1,740,524 shares of Class A Common Stock between October 6 and October 8, 2025, for approximately $6.4 million. The sales were executed at weighted average prices ranging from $3.35 to $4.41. The transactions come as the company, currently valued at $384.65 million, has seen its stock decline nearly 13% over the past week. According to InvestingPro analysis, BTM is currently trading below its Fair Value, despite trading at a P/E ratio of 28.5x.
The sales were conducted in three separate transactions. On October 6, 436,498 shares were sold at an average price of $4.41. The next day, October 7, 878,213 shares were sold at an average price of $3.49. On October 8, 425,813 shares were sold at an average price of $3.35. For comprehensive insider trading analysis and 11 additional key insights about BTM, visit InvestingPro.
The sales were executed indirectly through BD Investment Holdings II LLC, of which Mr. Mintz is the sole managing member. The transactions were made pursuant to a Rule 10b5-1 trading plan entered into on May 31, 2025.
In tandem with the sales, Mr. Mintz converted an equivalent number of Class M Common Stock into Class A Common Stock.
In other recent news, Bitcoin Depot Inc. has projected a significant 18% increase in revenue for the third quarter, expecting approximately $160 million compared to $135.3 million in the same period last year. The company also anticipates a notable 50% rise in adjusted EBITDA from the $9.2 million reported in the third quarter of 2024. Bitcoin Depot has entered into definitive agreements to sell 4.28 million shares of its Class A common stock at $3.50 per share in a registered direct offering, aiming to raise around $15 million in gross proceeds. The offering is expected to close around October 8, 2025, with proceeds intended for general corporate purposes.
In a strategic move, Bitcoin Depot has acquired the assets of Westcliff Technologies, operating as National Bitcoin ATM, adding over 500 kiosks across 27 states to its network. This acquisition boosts the company’s U.S. market share to approximately 30%, reinforcing its position as North America’s largest Bitcoin ATM operator. Additionally, Bitcoin Depot has implemented new compliance standards requiring universal ID verification for all transactions at its over 9,000 kiosks in 47 states, exceeding current federal mandates. These developments highlight Bitcoin Depot’s efforts to expand its footprint and enhance compliance in the rapidly evolving cryptocurrency market.
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