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Bitcoin Depot ( (BTM) ) just unveiled an announcement.
On October 6, 2025, Bitcoin Depot Inc. entered into a securities purchase agreement with institutional investors to sell 4,285,716 shares of its Class A common stock at $3.50 per share in a registered direct offering, expected to close around October 8, 2025. The company anticipates net proceeds of approximately $13.8 million, which will be used for general corporate purposes, potentially impacting its operational capabilities and market positioning.
The most recent analyst rating on (BTM) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Bitcoin Depot stock, see the BTM Stock Forecast page.
Spark’s Take on BTM Stock
According to Spark, TipRanks’ AI Analyst, BTM is a Neutral.
Bitcoin Depot’s overall stock score reflects strong revenue growth and operational improvements, as highlighted in the earnings call. However, significant financial risks due to high leverage and a negative P/E ratio weigh heavily on the score. Technical indicators suggest bearish momentum, further impacting the stock’s attractiveness.
To see Spark’s full report on BTM stock, click here.
More about Bitcoin Depot
Bitcoin Depot Inc. (Nasdaq: BTM), founded in 2016, is a U.S.-based Bitcoin ATM operator that connects cash users to the digital financial system. The company offers services for converting cash into Bitcoin, which can be used for payments, spending, and investing. With over 9,000 kiosk locations, Bitcoin Depot holds the largest market share in North America.
Average Trading Volume: 1,290,975
Technical Sentiment Signal: Buy
Current Market Cap: $298.9M
Find detailed analytics on BTM stock on TipRanks’ Stock Analysis page.