SCHEDULE: LMR Partners Discloses 8.6% Stake in Bitcoin Depot

LMR Partners and its affiliates have reported a beneficial ownership of 8.6% in Bitcoin Depot Inc.'s Class A Common Stock, totaling 2,522,266 shares.

Summary

• LMR Partners and its affiliated entities, including LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG, LMR Partners (DIFC) Limited, and LMR Partners (Ireland) Limited, along with individuals Ben Levine and Stefan Renold, collectively reported beneficial ownership of 2,522,266 shares of Bitcoin Depot Inc.'s Class A Common Stock.
• This aggregate ownership represents 8.6% of the outstanding Class A Common Stock.
• The shares are directly held by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, with each fund holding 1,261,133 shares.
• The reported shares include 1,250,633 shares of Class A Common Stock issuable upon the exercise of warrants.
• The percentage of class is based on 26,888,604 shares outstanding as of August 11, 2025, as reported in the Issuer's Form 10-Q/A filed on September 2, 2025, plus shares acquirable by the Reporting Persons within 60 days.
• The Reporting Persons have shared voting and dispositive power over all 2,522,266 shares.
• The filing certifies that 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: 7

Explanation: The disclosure of a significant 8.6% stake by a reputable institutional investor like LMR Partners is generally viewed positively as a vote of confidence in Bitcoin Depot Inc. However, it is a passive filing and does not provide operational or financial updates.

Positives

• A significant institutional investor, LMR Partners, has disclosed an 8.6% stake in Bitcoin Depot Inc., indicating a notable investment interest.
• The investment is held by diversified funds (LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd), suggesting a strategic allocation.

Negatives

• No specific negative information about Bitcoin Depot Inc. is contained within this beneficial ownership report.

Risks

• This filing does not detail specific risks related to Bitcoin Depot Inc.'s operations or financial health; it is a disclosure of ownership.

Future Outlook

NA

Industry Context

LMR Partners, a global investment management firm, has taken a significant stake in Bitcoin Depot Inc., a company operating in the cryptocurrency ATM sector. This indicates continued institutional interest in companies providing infrastructure for digital assets, despite the inherent volatility of the crypto market.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by LMR Partners may be perceived as a positive signal, potentially increasing investor confidence and liquidity for Bitcoin Depot Inc.'s Class A Common Stock.

Key Dates

Recommendation

The filing indicates a significant institutional investment, which can be a positive signal. However, as a Schedule 13G, it provides no operational or financial performance data for Bitcoin Depot Inc. to warrant a 'buy' or 'sell' recommendation. The 'hold' recommendation reflects the neutral information provided, with the institutional interest potentially supporting the stock, but without new fundamental data.

Keywords

Bitcoin Depot, LMR Partners, Beneficial Ownership, Class A Common Stock, SEC Filing, Schedule 13G, Institutional Investment, Cryptocurrency ATM, Investment Adviser