Bitcoin Depot
BTM was delisted on the 22nd of May, 2026.
57 hedge funds and large institutions have $294M invested in Bitcoin Depot in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
20% more capital invested
Capital invested by funds: $246M → $294M (+$48.5M)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
12% more funds holding
Funds holding: 51 → 57 (+6)
1.95% more ownership
Funds ownership: 11.16% → 13.11% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$27.4M |
| 2 |
Calamos Advisors
Naperville,
Illinois
|
+$9.97M |
| 3 |
LP
LMR Partners
London,
United Kingdom
|
+$4.99M |
| 4 |
RL
RPO LLC
Stamford,
Connecticut
|
+$3.13M |
| 5 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$2.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$3.73M |
| 2 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$3.26M |
| 3 |
JP Morgan Chase
New York
|
-$2.48M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$1.59M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$669K |
BTM Hedge Fund Activity: Q4 2022 in Review
57 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Bitcoin Depot (BTM) for Q4 2022, worth a combined $294M — up 20% from $246M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BTM positions and 6 closed out — a net gain of 6 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was HGC Investment Management, adding an estimated $27.4M. The largest seller was Parallax Volatility Advisers, exiting entirely with an estimated $3.73M sold.
- 57 institutional investors held Bitcoin Depot (BTM) as of Q4 2022, up from 51 in Q3 2022.
- Funds reported $294M of Bitcoin Depot stock for Q4 2022, up 20% quarter-over-quarter.
- 12 funds opened new Bitcoin Depot positions in Q4 2022 and 6 closed out, a net change of +6 holders.
- The largest Bitcoin Depot buyer in Q4 2022 was HGC Investment Management, an estimated $27.4M added.
- The largest Bitcoin Depot seller in Q4 2022 was Parallax Volatility Advisers, an estimated $3.73M sold.
Based on aggregated 13F filings for Q4 2022.