Bitcoin Depot
BTM was delisted on the 22nd of May, 2026.
17 hedge funds and large institutions have $37.5M invested in Bitcoin Depot in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 50 closing their positions.
11.52% less ownership
Funds ownership: 13.72% → 2.2% (-12%)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
72% less funds holding
Funds holding: 60 → 17 (-43)
86% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 50
88% less capital invested
Capital invested by funds: $313M → $37.5M (-$276M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DC
Diametric Capital
Boston,
Massachusetts
|
+$4.88M |
| 2 |
CM
Cohanzick Management
Pleasantville,
New York
|
+$4.74M |
| 3 |
OCAM
Owl Creek Asset Management
New York
|
+$4.28M |
| 4 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$3.88M |
| 5 |
SOA
Sea Otter Advisors
Miami,
Florida
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$28.9M |
| 2 |
SCM
Saba Capital Management
New York
|
-$22.2M |
| 3 |
HCM
Highbridge Capital Management
New York
|
-$18.6M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$17.9M |
| 5 |
RL
RPO LLC
Stamford,
Connecticut
|
-$15.5M |
BTM Hedge Fund Activity: Q2 2023 in Review
17 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Bitcoin Depot (BTM) for Q2 2023, worth a combined $37.5M — down 88% from $313M a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of BTM and 7 opened new positions — a net loss of 43 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Diametric Capital, opening a new position worth an estimated $4.88M. The largest seller was HGC Investment Management, exiting entirely with an estimated $28.9M sold.
- 17 institutional investors held Bitcoin Depot (BTM) as of Q2 2023, down from 60 in Q1 2023.
- Funds reported $37.5M of Bitcoin Depot stock for Q2 2023, down 88% quarter-over-quarter.
- 7 funds opened new Bitcoin Depot positions in Q2 2023 and 50 closed out, a net change of -43 holders.
- The largest Bitcoin Depot buyer in Q2 2023 was Diametric Capital, an estimated $4.88M added.
- The largest Bitcoin Depot seller in Q2 2023 was HGC Investment Management, an estimated $28.9M sold.
Based on aggregated 13F filings for Q2 2023.