Bitcoin Depot
BTM was delisted on the 22nd of May, 2026.
28 hedge funds and large institutions have $12.9M invested in Bitcoin Depot in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
65% more funds holding
Funds holding: 17 → 28 (+11)
3.49% more ownership
Funds ownership: 2.2% → 5.69% (+3.5%)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
65% less capital invested
Capital invested by funds: $37.5M → $12.9M (-$24.5M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIC
AWM Investment Company
New York
|
+$2.96M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$2.53M |
| 3 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
+$845K |
| 4 |
QL
Quarry LP
New York
|
+$762K |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$659K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$7.33M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$5.71M |
| 3 |
OCAM
Owl Creek Asset Management
New York
|
-$4.59M |
| 4 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
-$1.35M |
| 5 |
AC
Ayrton Capital
Westport,
Connecticut
|
-$1.05M |
BTM Hedge Fund Activity: Q3 2023 in Review
28 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Bitcoin Depot (BTM) for Q3 2023, worth a combined $12.9M — down 65% from $37.5M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BTM positions and 7 closed out — a net gain of 11 holders — while 5 added to existing stakes and 5 trimmed.
The largest buyer was AWM Investment Company, opening a new position worth an estimated $2.96M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $7.33M sold.
- 28 institutional investors held Bitcoin Depot (BTM) as of Q3 2023, up from 17 in Q2 2023.
- Funds reported $12.9M of Bitcoin Depot stock for Q3 2023, down 65% quarter-over-quarter.
- 18 funds opened new Bitcoin Depot positions in Q3 2023 and 7 closed out, a net change of +11 holders.
- The largest Bitcoin Depot buyer in Q3 2023 was AWM Investment Company, an estimated $2.96M added.
- The largest Bitcoin Depot seller in Q3 2023 was AQR Arbitrage, an estimated $7.33M sold.
Based on aggregated 13F filings for Q3 2023.