Bitcoin Depot
BTM was delisted on the 22nd of May, 2026.
55 hedge funds and large institutions have $26.7M invested in Bitcoin Depot in 2025 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 14 closing their positions.
1,148% more call options, than puts
Call options by funds: $3.76M | Put options by funds: $301K
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
8% more funds holding
Funds holding: 51 → 55 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.38% less ownership
Funds ownership: 4.81% → 4.42% (-0.38%)
32% less capital invested
Capital invested by funds: $39.4M → $26.7M (-$12.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$1.95M |
| 2 |
GGI
Galaxy Group Investments
New York
|
+$1.79M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.51M |
| 4 |
Man Group
London,
United Kingdom
|
+$1.34M |
| 5 |
WCP
Welch Capital Partners
Harrison,
New York
|
+$824K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$3.1M |
| 2 |
OCAM
Owl Creek Asset Management
New York
|
-$1.7M |
| 3 |
Lazard Asset Management
New York
|
-$1.15M |
| 4 |
TI
Trexquant Investment
Stamford,
Connecticut
|
-$633K |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$507K |
BTM Hedge Fund Activity: Q3 2025 in Review
55 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Bitcoin Depot (BTM) for Q3 2025, worth a combined $26.7M — down 32% from $39.4M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BTM positions and 14 closed out — a net gain of 4 holders — while 19 added to existing stakes and 13 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $1.95M. The largest seller was Marshall Wace, cutting an estimated $3.1M.
- 55 institutional investors held Bitcoin Depot (BTM) as of Q3 2025, up from 51 in Q2 2025.
- Funds reported $26.7M of Bitcoin Depot stock for Q3 2025, down 32% quarter-over-quarter.
- 18 funds opened new Bitcoin Depot positions in Q3 2025 and 14 closed out, a net change of +4 holders.
- The largest Bitcoin Depot buyer in Q3 2025 was Renaissance Technologies, an estimated $1.95M added.
- The largest Bitcoin Depot seller in Q3 2025 was Marshall Wace, an estimated $3.1M sold.
Based on aggregated 13F filings for Q3 2025.