Bitcoin Depot
BTM was delisted on the 22nd of May, 2026.
28 hedge funds and large institutions have $7.65M invested in Bitcoin Depot in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 10 closing their positions.
0.67% more ownership
Funds ownership: 3.99% → 4.66% (+0.67%)
10% less funds holding
Funds holding: 31 → 28 (-3)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
28% less capital invested
Capital invested by funds: $10.6M → $7.65M (-$2.97M)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
+$893K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$516K |
| 3 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$389K |
| 4 |
SOA
Sea Otter Advisors
Miami,
Florida
|
+$181K |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$118K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Cohanzick Management
Pleasantville,
New York
|
-$602K |
| 2 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
-$355K |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
-$126K |
| 4 |
SCM
Saba Capital Management
New York
|
-$99.4K |
| 5 |
DC
Diametric Capital
Boston,
Massachusetts
|
-$95.1K |
BTM Hedge Fund Activity: Q1 2024 in Review
28 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Bitcoin Depot (BTM) for Q1 2024, worth a combined $7.65M — down 28% from $10.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BTM and 7 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was Boothbay Fund Management, opening a new position worth an estimated $893K. The largest seller was Cohanzick Management, exiting entirely with an estimated $602K sold.
- 28 institutional investors held Bitcoin Depot (BTM) as of Q1 2024, down from 31 in Q4 2023.
- Funds reported $7.65M of Bitcoin Depot stock for Q1 2024, down 28% quarter-over-quarter.
- 7 funds opened new Bitcoin Depot positions in Q1 2024 and 10 closed out, a net change of -3 holders.
- The largest Bitcoin Depot buyer in Q1 2024 was Boothbay Fund Management, an estimated $893K added.
- The largest Bitcoin Depot seller in Q1 2024 was Cohanzick Management, an estimated $602K sold.
Based on aggregated 13F filings for Q1 2024.