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Christopher Scott Buchanan, the Chief Operating Officer of Bitcoin Depot Inc. (NASDAQ:BTM), executed a stock sale on April 1, 2025. Buchanan sold 29,524 shares of Class A common stock, yielding a total of $42,476. The sale price per share ranged from $1.41 to $1.48, with a weighted average of $1.4387. The stock currently trades at $1.33, with InvestingPro analysis indicating the company is undervalued despite its modest $30.12M market capitalization. Following this transaction, Buchanan holds 189,752 shares directly. The sale was conducted under a Rule 10b5-1 trading plan initiated on August 16, 2023, providing a pre-determined schedule for selling shares. While the stock has seen significant price declines over the past five years, analysts maintain optimistic targets ranging from $3.25 to $7.00 per share. InvestingPro subscribers can access 7 additional key insights about BTM’s valuation and growth prospects through the comprehensive Pro Research Report.
In other recent news, Bitcoin Depot reported a decline in revenue for the fourth quarter of 2024, with earnings falling to $136.8 million from $148.4 million in the same quarter the previous year. Despite this decline, the company achieved significant gains in adjusted gross profit, which increased by 18% to $25.4 million, and adjusted EBITDA, which rose by 34% to $12 million. Bitcoin Depot also announced the appointment of David Gray as its new Chief Financial Officer. Gray, who brings over two decades of financial leadership experience, previously served as CFO at Aviat Networks (NASDAQ:AVNW) and played a key role in increasing its revenue significantly.
Brandon Mintz, CEO of Bitcoin Depot, expressed confidence in Gray’s ability to enhance the company’s financial strategy. The company plans to expand internationally, with a focus on entering the Australian market in 2025, and aims to pay down $9 million of its term loan. In analyst news, firms like H.S.C. Wainwright and Northland Securities have shown interest in Bitcoin Depot’s growth strategy and regulatory environment, particularly regarding the company’s expansion plans and the impact of potential legislation. Bitcoin Depot’s strategic focus on operational efficiency and international expansion continues to be a central theme in its growth strategy.
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