Bitcoin Depot
BTM was delisted on the 22nd of May, 2026.
60 hedge funds and large institutions have $313M invested in Bitcoin Depot in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 13 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
7% more capital invested
Capital invested by funds: $294M → $313M (+$19.3M)
5% more funds holding
Funds holding: 57 → 60 (+3)
0.61% more ownership
Funds ownership: 13.11% → 13.72% (+0.61%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$12.6M |
| 2 |
RL
RPO LLC
Stamford,
Connecticut
|
+$12.1M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$4.9M |
| 4 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$3.35M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$3.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$6.9M |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
-$6.34M |
| 3 |
CCM
Context Capital Management
Lajolla,
California
|
-$5.11M |
| 4 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$4.72M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$3.11M |
BTM Hedge Fund Activity: Q1 2023 in Review
60 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Bitcoin Depot (BTM) for Q1 2023, worth a combined $313M — up 6.6% from $294M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new BTM positions and 13 closed out — a net gain of 3 holders — while 10 added to existing stakes and 9 trimmed.
The largest buyer was Westchester Capital Management (New York), opening a new position worth an estimated $12.6M. The largest seller was Two Sigma Investments, exiting entirely with an estimated $6.9M sold.
- 60 institutional investors held Bitcoin Depot (BTM) as of Q1 2023, up from 57 in Q4 2022.
- Funds reported $313M of Bitcoin Depot stock for Q1 2023, up 6.6% quarter-over-quarter.
- 16 funds opened new Bitcoin Depot positions in Q1 2023 and 13 closed out, a net change of +3 holders.
- The largest Bitcoin Depot buyer in Q1 2023 was Westchester Capital Management (New York), an estimated $12.6M added.
- The largest Bitcoin Depot seller in Q1 2023 was Two Sigma Investments, an estimated $6.9M sold.
Based on aggregated 13F filings for Q1 2023.