Christopher Scott Buchanan Sells 20,000 Shares of Bitcoin Depot Inc. (NASDAQ:BTM) Stock

Bitcoin Depot Inc. (NASDAQ:BTM) COO Christopher Scott Buchanan sold 20,000 shares of Bitcoin Depot stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $1.56, for a total transaction of $31,200.00. Following the sale, the chief operating officer now owns 241,276 shares of the company’s stock, valued at $376,390.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Christopher Scott Buchanan also recently made the following trade(s):

• On Friday, August 2nd, Christopher Scott Buchanan sold 10,229 shares of Bitcoin Depot stock. The stock was sold at an average price of $1.60, for a total transaction of $16,366.40.
• On Friday, July 5th, Christopher Scott Buchanan sold 4,103 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.68, for a total transaction of $6,893.04.
• On Tuesday, July 2nd, Christopher Scott Buchanan sold 8,443 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.70, for a total value of $14,353.10.

Bitcoin Depot Stock Performance

Shares of NASDAQ BTM opened at $1.57 on Friday. The company has a market capitalization of $93.60 million, a PE ratio of -0.84 and a beta of -0.35. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.16 and a current ratio of 1.16. The company’s fifty day moving average price is $1.66 and its 200 day moving average price is $1.89. Bitcoin Depot Inc. has a 1 year low of $1.33 and a 1 year high of $3.70.

Analyst Upgrades and Downgrades

Separately, HC Wainwright dropped their target price on Bitcoin Depot from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, August 15th.

Institutional Investors Weigh In On Bitcoin Depot

Institutional investors have recently modified their holdings of the business. Cohanzick Management LLC increased its holdings in Bitcoin Depot by 54.4% in the 4th quarter. Cohanzick Management LLC now owns 602,000 shares of the company’s stock worth $1,944,000 after acquiring an additional 212,000 shares in the last quarter. Owl Creek Asset Management L.P. purchased a new position in Bitcoin Depot in the 4th quarter valued at about $68,000. Privium Fund Management UK Ltd purchased a new stake in Bitcoin Depot during the 1st quarter worth approximately $60,000. Shaolin Capital Management LLC raised its holdings in shares of Bitcoin Depot by 7.6% during the first quarter. Shaolin Capital Management LLC now owns 699,600 shares of the company’s stock valued at $1,326,000 after acquiring an additional 49,600 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Bitcoin Depot by 122.1% in the second quarter. Renaissance Technologies LLC now owns 47,300 shares of the company’s stock valued at $85,000 after acquiring an additional 26,000 shares in the last quarter. 9.18% of the stock is currently owned by institutional investors and hedge funds.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.