SCHEDULE 13G/A: LMR Partners Discloses 9.8% Stake in Bitcoin Depot Inc.
Beneficial Ownership Report (Schedule 13G)
LMR Partners and its affiliated entities have disclosed a significant beneficial ownership stake of 9.8% in Bitcoin Depot Inc., holding 2,354,452 shares of Class A Common Stock.
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 controlling individuals (Ben Levine and Stefan Renold), collectively reported beneficial ownership of 2,354,452 shares of Bitcoin Depot Inc.'s Class A Common Stock.
- This aggregate holding represents 9.8% of the outstanding Class A Common Stock of Bitcoin Depot Inc., based on 21,670,569 shares outstanding as of March 20, 2025, plus shares acquirable within 60 days.
- The shares are held directly by LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, with LMR Investment Managers serving as their investment managers.
- The beneficial ownership includes warrants to purchase 1,250,633 shares for each fund, currently exercisable for 1,117,226 shares each due to beneficial ownership limitations.
- All reporting persons share both voting and dispositive power over the 2,354,452 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive as a significant institutional investment can be viewed as a vote of confidence in the company, although the filing itself is purely factual and does not contain forward-looking statements or performance data.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional investment in Bitcoin Depot Inc., a company operating in the cryptocurrency ATM and broader digital asset sector. Such an investment by a multi-strategy investment manager like LMR Partners suggests a potential belief in the long-term prospects of the company or the sector, amidst the evolving regulatory and market landscape for cryptocurrencies.
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by an institutional investor like LMR Partners may be perceived positively, potentially signaling confidence in Bitcoin Depot Inc.'s future prospects and attracting further institutional interest.
Key Dates
| Date | Description |
|---|---|
| 2025-03-20 | Date as of which Bitcoin Depot Inc. reported 21,670,569 shares of Class A Common Stock outstanding in its Form 10-K/A. |
| 2025-03-31 | Date of event which required the filing of this Schedule 13G statement. |
| 2025-04-10 | Date Bitcoin Depot Inc. filed its Form 10-K/A with the SEC. |
| 2025-05-15 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
Bitcoin Depot Inc., LMR Partners, Beneficial Ownership, Schedule 13G, Class A Common Stock, Investment Management, Institutional Investor, Equity Stake, SEC Filing
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