SCHEDULE: LMR Partners Discloses 6.6% Stake in Bitcoin Depot

LMR Partners and its affiliates have filed an amended Schedule 13G, reporting a 6.6% beneficial ownership stake in Bitcoin Depot Inc. as of December 31, 2025.

Summary

• LMR Partners LLP, along with its affiliated investment managers (LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited, and LMR Partners (Ireland) Limited) and control persons Ben Levine and Stefan Renold, collectively reported beneficial ownership of Bitcoin Depot Inc. Class A Common Stock.
• The aggregate amount beneficially owned by the Reporting Persons is 2,501,266 shares.
• This ownership represents 6.6% of the outstanding Class A Common Stock of Bitcoin Depot Inc.
• The shares are held directly by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, with each fund holding 1,250,633 shares.
• These shares are issuable upon the exercise of warrants.
• The percentage is calculated based on 35,360,672 shares outstanding as of November 14, 2025, plus shares acquirable within 60 days by the Reporting Persons.
• The Reporting Persons have shared voting and dispositive power over all 2,501,266 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development, as it confirms a significant institutional investor's continued stake in Bitcoin Depot Inc., suggesting ongoing confidence without indicating any immediate operational changes or new strategic initiatives.

Positives

• A significant institutional investor, LMR Partners, maintains a substantial stake, potentially indicating confidence in Bitcoin Depot Inc.'s long-term prospects.
• The filing confirms the investment is for ordinary course of business, not for control-influencing purposes, suggesting a passive investment strategy.

Negatives

• No specific negative information is contained within this ownership disclosure filing.

Risks

• The shares are issuable upon the exercise of warrants, which could lead to dilution if a large number of warrants are exercised, increasing the total outstanding shares.

Future Outlook

This filing does not contain any forward-looking statements or guidance from Bitcoin Depot Inc. or the reporting entity regarding the issuer's future performance.

Industry Context

StockSavvy.ai notes that significant ownership disclosures like this Schedule 13G provide transparency into institutional investor interest in companies within the cryptocurrency and digital asset sector. Bitcoin Depot operates in the rapidly evolving Bitcoin ATM market, and a 6.6% stake by a multi-strategy investment firm like LMR Partners suggests continued institutional attention to companies providing infrastructure for crypto access. This type of filing is a routine compliance requirement for investors crossing certain ownership thresholds.

Comparison to Industry Standards

• This filing is a standard Schedule 13G amendment, a common regulatory disclosure for institutional investors holding more than 5% of a company's stock. It aligns with typical reporting practices for such ownership stakes.
• The beneficial ownership of 6.6% is a notable position, placing LMR Partners among the significant institutional holders of Bitcoin Depot Inc. While specific comparable companies' institutional ownership structures are not detailed in the filing, a 6.6% stake is generally considered a material position for an investment manager.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder can provide a sense of stability and institutional backing for the stock. The potential exercise of warrants could lead to minor dilution.
• Employees, Customers, Suppliers, Creditors: This filing is unlikely to have a direct impact on these stakeholders as it pertains solely to an ownership stake and not operational or strategic changes.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of an existing ownership stake by an institutional investor. It does not contain new information regarding the company's financial performance, strategic direction, or operational outlook that would warrant a change in investment recommendation. The continued significant stake by LMR Partners is a neutral to slightly positive signal, suggesting a 'hold' recommendation for investors awaiting more fundamental company-specific news.

Keywords

Bitcoin Depot Inc., LMR Partners, Schedule 13G, Ownership Disclosure, Class A Common Stock, Beneficial Ownership, Investment Managers, Warrants, Cryptocurrency, Bitcoin ATM