Bitcoin Depot Inc. (NASDAQ:BTM), a $404 million market cap company that has seen its stock surge over 184% in the past six months, reported that Chief Executive Officer Brandon Taylor Mintz, indirectly and directly, sold shares of the company’s Class A common stock totaling $1.19 million, according to a Form 4 filing with the Securities and Exchange Commission.
The sales occurred on September 5, 8, and 9, 2025, with prices ranging from $3.4869 to $3.66 per share. Specifically, on September 5, Mintz sold 74,857 shares. On September 8, Mintz sold 68,116 shares. On September 9, Mintz sold 187,990 shares. According to InvestingPro data, BTM currently trades at a P/E ratio of 28.5, with analysts maintaining a strong buy consensus.
On September 9, Mintz also acquired 188,000 shares of Class A common stock through the conversion of Class M Common Stock, at a price of $0. BTM maintains a FAIR financial health score, and detailed analysis of the company’s valuation and growth prospects is available in the comprehensive Pro Research Report on InvestingPro.
In other recent news, Bitcoin Depot Inc. announced the appointment of Scott Buchanan as president, effective August 28, 2025. Buchanan will also continue in his roles as chief operating officer and director. Additionally, the company disclosed that it had previously omitted necessary disclosures about executive trading plans in its quarterly report for the period ending June 30, 2025. CEO Brandon Mintz and entities owned by him adopted a Rule 10b5-1 trading plan that allows for the sale of up to 8 million shares of the company’s Class A Common Stock, set to expire by May 31, 2026, or upon the sale of all shares.
Bitcoin Depot also appointed Alex Holmes to its board of directors and audit committee, filling a vacancy left by Tim Vanderham. Holmes, the former CEO of MoneyGram International, brings extensive experience in payments and blockchain innovation. In terms of financial outlook, H.C. Wainwright raised its price target for Bitcoin Depot to $6.50, maintaining a Buy rating. However, the firm slightly reduced its 2025 revenue estimate to $630.0 million from $633.7 million, citing marginally lower kiosk transaction revenues.
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