Intel stock spikes after report of possible US government stake
Bitcoin Depot Inc. (NASDAQ:BTM), a cryptocurrency ATM operator with a market capitalization of $72.36 million, recently reported a stock transaction by its Chief Compliance Officer, Mark James Smalley. According to a Form 4 filing with the Securities and Exchange Commission, Smalley sold 1,109 shares of Class A common stock on March 3, 2025. The shares were sold at a weighted average price of approximately $1.1251, with prices ranging from $1.11 to $1.142. The stock has since recovered, showing a significant 17.31% gain over the past week, trading at $1.25. This transaction was executed under a Rule 10b5-1 trading plan, which Smalley entered into on May 17, 2024. Following the sale, Smalley retains ownership of 77,518 shares directly. With the company’s next earnings report due on March 26, InvestingPro subscribers can access comprehensive insider trading analysis and 11 additional investment tips to make informed decisions about BTM’s current undervalued status.
In other recent news, Bitcoin Depot Inc. held its Annual Meeting of Stockholders, where shareholders elected seven directors to the company’s Board of Directors. The directors elected include Brandon Mintz, Scott Buchanan, Dan Gardner, Teri G. Fontenot, Daniel Stabile, Bradley Strock, and Tim Vanderham. Additionally, the shareholders ratified the appointment of Wolf & Company, P.C. as the independent auditors for the fiscal year ending December 31, 2024. These decisions reflect strong shareholder support, as evidenced by the significant majority of votes in favor of both proposals.
In a related development, Bitcoin Depot announced that Tim Vanderham intends to resign from the Board and Audit Committee in the first quarter of 2025. Vanderham’s resignation is not due to any disagreement with the company, and he will continue his duties until his departure. The company plans to appoint a new Audit Committee member from its existing directors to maintain compliance with Nasdaq’s requirements. Bitcoin Depot has not yet disclosed further details about potential candidates to replace Vanderham.
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