Bitcoin Depot
BTM was delisted on the 22nd of May, 2026.
31 hedge funds and large institutions have $10.6M invested in Bitcoin Depot in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
11% more funds holding
Funds holding: 28 → 31 (+3)
1.7% less ownership
Funds ownership: 5.69% → 3.99% (-1.7%)
18% less capital invested
Capital invested by funds: $12.9M → $10.6M (-$2.32M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Cohanzick Management
Pleasantville,
New York
|
+$531K |
| 2 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
+$276K |
| 3 |
SOA
Sea Otter Advisors
Miami,
Florida
|
+$263K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$262K |
| 5 |
Jane Street
New York
|
+$69.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$819K |
| 2 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
-$703K |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$656K |
| 4 |
QL
Quarry LP
New York
|
-$634K |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$525K |
BTM Hedge Fund Activity: Q4 2023 in Review
31 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Bitcoin Depot (BTM) for Q4 2023, worth a combined $10.6M — down 18% from $12.9M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BTM positions and 8 closed out — a net gain of 3 holders — while 8 added to existing stakes and 7 trimmed.
The largest buyer was Cohanzick Management, adding an estimated $531K. The largest seller was Meteora Capital, cutting an estimated $819K.
- 31 institutional investors held Bitcoin Depot (BTM) as of Q4 2023, up from 28 in Q3 2023.
- Funds reported $10.6M of Bitcoin Depot stock for Q4 2023, down 18% quarter-over-quarter.
- 11 funds opened new Bitcoin Depot positions in Q4 2023 and 8 closed out, a net change of +3 holders.
- The largest Bitcoin Depot buyer in Q4 2023 was Cohanzick Management, an estimated $531K added.
- The largest Bitcoin Depot seller in Q4 2023 was Meteora Capital, an estimated $819K sold.
Based on aggregated 13F filings for Q4 2023.