₿$71,029.45▼ 2.57%
Bitcoin Depot Inc.
BTM🇺🇸Equity
Bitcoin Depot operates the largest Bitcoin ATM network in North America with over 8,500 kiosk locations. The company began accumulating BTC for its corporate treasury in June 2024, using cash generated from ATM operations.
BTC Holdings
107.93 BTC
Insufficient history
Stock Price
$2.63
180d
Total financing
57.39M USD
180d
mNAV
3.82x
180d
Leverage
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
970
180d
Mkt cap
29.27M USD
Shares
11.13M
Fiat reserve
65.60M USD
Total reserve
73.27M USD
Dilution
0.0%
Coverage
2.9 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$130.6M▲63.0%
Total Liabilities$119.2M▲23.4%
Stockholders' Equity$11.4M▲169.3%
Cash & Equivalents$65.6M▲122.7%
Total Debt$18.4M▼44.7%
Digital Assets$10.9M▲623.6%
Income Statement
Revenue$614.9M▲7.2%
Operating Income$41.2M▲70.2%
Net Income$6.2M▼47.1%
Interest Expense$14.4M▲1.5%
Cash Flow
Operating Cash Flow$34M▲50.7%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | BTC Rating |
|---|---|---|---|---|---|
| BTM-CrAg | Dec '20 – Dec '27 | 17% | 35.60M USD | 15.34M USD | >10x |
| BTM-KskFr | Feb '24 – Aug '33 | — | 36.50M USD | 42.06M USD | >10x |
| Total | 57.39M USD | ||||
Recent Changes
Sun, Feb 22, 2026
Shares Outstanding
10.4M→11.1M+698.1K(+6.7%)
Form 10-K (2025)
Wed, Dec 31, 2025
Shares Outstanding
9.4M→10.4M+1.1M(+11.3%)
Post-split. Class A 5,024,293 + Class M 5,406,586.
Q4 2025 earnings releaseDebt OutstandingRepaymentBTM-CrAg
33.3M→15.3M-18.0M(-54.0%)
Plus $3,098K exit fee due upon repayment; $5M early repayment in Q2 2025 and $7M prepayment in Dec 2025
Form 10-K (2025)Debt OutstandingIssuanceBTM-KskFr
19.8M→42.1M+22.3M(+112.4%)
Includes kiosk franchise arrangements and equipment financing
Form 10-K (2025)Fiat Reserve
59.3M→65.6M+6.3M(+10.7%)USD
Q4 2025 earnings release