Bitcoin Depot (BTM)

• Bitcoin Depot (BTM) began a phased rollout in February 2026 of a new compliance policy requiring customers to provide identification for every transaction at its kiosks.
• This initiative enhances the company's Know Your Customer (KYC) standards, aiming to strengthen safeguards against fraud, account sharing, and identity theft.
• Bitcoin Depot is the first major operator in the industry to implement per-transaction ID collection, extending identity checks beyond initial onboarding.

• Bitcoin Depot Inc. (BTM) will effect a one-for-seven (1:7) reverse stock split of its Common Stock, becoming effective on February 23, 2026, at 12:01 a.m., Eastern time.
• The Class A Common Stock will commence trading on a split-adjusted basis on The Nasdaq Capital Market on February 23, 2026, retaining its "BTM" trading symbol.
• The reverse stock split will reduce outstanding Class A Common Stock from 35,495,968 shares to approximately 5,070,852 shares and Class M Common Stock from 37,846,102 shares to approximately 5,406,586 shares.
• Stockholders entitled to fractional shares will receive a cash payment based on the volume weighted average price of Class A Common Stock for the five trading days prior to the effective time.
• The exercise price for warrants will be adjusted from $11.50 to $80.50, with other outstanding securities and equity-based awards also undergoing proportionate adjustments.

• Bitcoin Depot (BTM) is effecting a one-for-seven (1:7) reverse stock split which became effective today, February 23, 2026, at 12:01 a.m. Eastern time, with trading on a split-adjusted basis beginning when the market opens today.
• The Company's Class A Common Stock will continue to trade on Nasdaq under the symbol "BTM", and the new CUSIP number will be 09174P 303.
• Publicly traded warrants (BTMWW) will continue to trade under their existing symbol, but the exercise price per share will be adjusted to $80.50 from $11.50, with every seven pre-split shares representing one post-split share.
• No fractional shares will be issued; stockholders entitled to a fractional share will instead receive a cash payment.

• Bitcoin Depot (BTM) announced the acquisition of Instant Coin Bank, a regional Bitcoin ATM (BTM) operator, on January 13, 2026.
• This acquisition strengthens Bitcoin Depot’s footprint in the South-Central United States, specifically in Texas and Oklahoma.
• The transaction supports Bitcoin Depot’s long-term growth strategy and will integrate Instant Coin Bank’s ATM network into Bitcoin Depot’s platform.
• The financial terms of the acquisition were not disclosed.

• Bitcoin Depot Inc. (BTM) announced an Amendment No. 2 to its Second Amended and Restated Credit Agreement, dated December 19, 2025.
• The amendment establishes financial covenants for the company, including a maximum Consolidated Total Leverage Ratio and a minimum Consolidated Cash Balance.
• The threshold for judgments or orders for payment of money that could trigger an event of default was increased from $1,000,000 to $3,500,000, and the stay of enforcement period for such judgments was extended from 30 days to 60 days.

The financial covenants are detailed as follows:

• On November 21, 2025, Bitcoin Depot Inc. announced a leadership transition, with Scott Buchanan appointed as Chief Executive Officer, Brandon Mintz transitioning to Executive Chairman, and Elizabeth Simer appointed as Chief Operating Officer.
• These changes are effective January 1, 2026.
• As CEO, Scott Buchanan will receive an annual base salary of $850,000 and an annual cash incentive bonus of 75% of base salary at target, along with a time-based restricted stock unit award valued at $1,000,000 on November 21, 2025.
• As Executive Chairman, Brandon Mintz will receive a base salary of $765,000, a target annual bonus of 75% of base salary, and an annual long-term equity incentive award with a target value of $850,000.

• Bitcoin Depot reported Q3 2025 revenue of $162.482 million, with Adjusted EBITDA of $16.058 million and Free Cash Flow of $19.1 million.
• The company operates approximately 9,267 kiosks across North America and Australia as of September 30, 2025, holding a 28% market share in the U.S..
• Bitcoin Depot has established significant retail partnerships, including being Circle K's exclusive BTM provider and agreements allowing crypto purchases at over 16,000 retail locations.
• As of Q3 2025, the company's balance sheet shows $59.266 million in cash and cash equivalents and $13.634 million in crypto assets.

• Bitcoin Depot reported strong Q3 2025 financial results, with revenue increasing 20% to $162.5 million and Adjusted EBITDA rising 75% to $16.1 million. GAAP net income grew 139% to $5.5 million, leading to $0.08 EPS.
• Operationally, the company ended Q3 with approximately 9,300 active machines and saw a 40% year-over-year increase in median transaction size to $350. Strategic growth includes the acquisition of National Bitcoin ATM, adding over 500 kiosks, and international expansion into Australia and Hong Kong.
• For Q4 2025, the company anticipates revenue between $112 million and $115 million and Adjusted EBITDA in the low single-digit millions. This guidance reflects impacts from typical seasonality, recent state regulations imposing transaction/fee caps, and enhanced compliance standards.

• Bitcoin Depot Inc. reported a 20% year-over-year increase in revenue for the third quarter of 2025, reaching $162.5 million.
• Net income for Q3 2025 surged 139% year-over-year to $5.5 million, with Adjusted EBITDA growing 75% to $16.1 million. Net income attributable to common stockholders was $5.544 million, or $0.08 per share, compared to a net loss of $(0.939) million, or $(0.05) per share, in the prior year's third quarter.
• As of September 30, 2025, the company's cash, cash equivalents, and cryptocurrencies totaled $72.9 million.
• For the fourth quarter of 2025, the company projects revenue between $112 million and $115 million and Adjusted EBITDA in the low single digit millions, citing typical seasonality, recently enacted state regulations, and enhanced compliance standards as contributing factors.

• Bitcoin Depot Inc. entered into definitive agreements to sell 4,285,716 shares of its Class A common stock at a purchase price of $3.50 per share in a registered direct offering.
• The offering is expected to generate approximately $15 million in aggregate gross proceeds and approximately $13.8 million in net proceeds for the company.
• The net proceeds from the offering are intended for general corporate purposes and working capital purposes.
• H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering, receiving a cash fee equal to 6.0% of the gross proceeds.
• The closing of the offering is anticipated to occur on or about October 8, 2025.