Bitcoin Depot’s chief compliance officer sells $12,688 in stock

ATLANTA—Mark James Smalley, the Chief Compliance Officer at Bitcoin Depot Inc. (NASDAQ:BTM), recently sold 3,188 shares of the company’s Class A common stock. The sale, which took place on June 2, 2025, was executed at a price of $3.98 per share, amounting to a total transaction value of $12,688.

The stock sale was conducted under a Rule 10b5-1 trading plan, which Smalley had entered into on May 17, 2024. This plan allowed him to sell shares acquired through previously vested restricted stock units (RSUs), as part of the company’s 2023 Omnibus Incentive Plan. The RSUs were granted on April 1, 2024, and are set to vest quarterly over the course of a year.

Following the transaction, Smalley retains ownership of 74,330 shares of Bitcoin Depot’s Class A common stock.

In other recent news, Bitcoin Depot has reported robust financial results for the first quarter of 2025, with a 19% year-over-year increase in revenue, reaching $164.2 million. The company also achieved a record net income of $12.2 million, reversing a loss from the previous year. Analysts from Northland and H.C. Wainwright have responded positively to these results, with both firms raising their price targets for Bitcoin Depot stock to $5.00. Northland noted the company’s revenue and adjusted EBITDA exceeded their expectations, while H.C. Wainwright highlighted the company’s optimistic revenue guidance for the second quarter.

Bitcoin Depot has also completed a corporate restructuring initiative, which is expected to bring significant financial benefits, including a reduction in cash tax rates and lower professional service costs. The restructuring involved a merger between BT Assets, Inc. and a subsidiary of Bitcoin Depot, resulting in a streamlined organizational structure. Additionally, the company has expanded its market presence, with 8,614 Bitcoin ATMs currently deployed, and plans to launch operations in two new countries within 2025.

The company’s strategic initiatives, such as optimizing kiosk operations and expanding internationally, are showing positive results. Bitcoin Depot’s strong operating cash flows and low capital expenditure requirements may lead to the initiation of a dividend in 2025. These developments indicate Bitcoin Depot’s focus on strengthening its market position and driving sustainable growth, as noted by CEO Brandon Mintz in recent communications.

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