Bitcoin Depot
BTM was delisted on the 22nd of May, 2026.
50 hedge funds and large institutions have $13.5M invested in Bitcoin Depot in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 20 closing their positions.
3,088% more call options, than puts
Call options by funds: $829K | Put options by funds: $26K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.2% less ownership
Funds ownership: 4.42% → 4.23% (-0.2%)
9% less funds holding
Funds holding: 55 → 50 (-5)
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
47% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 19
49% less capital invested
Capital invested by funds: $26.7M → $13.5M (-$13.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Owl Creek Asset Management
New York
|
+$3.29M |
| 2 |
SM
Sabby Management
Miami Beach,
Florida
|
+$2.19M |
| 3 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$1.51M |
| 4 |
Renaissance Technologies
New York
|
+$370K |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$356K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$897K |
| 2 |
Two Sigma Advisers
New York
|
-$648K |
| 3 |
Two Sigma Investments
New York
|
-$570K |
| 4 |
SSA
Sierra Summit Advisors
Incline Village,
Nevada
|
-$514K |
| 5 |
JP Morgan Chase
New York
|
-$477K |
BTM Hedge Fund Activity: Q4 2025 in Review
50 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Bitcoin Depot (BTM) for Q4 2025, worth a combined $13.5M — down 49% from $26.7M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BTM and 16 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 10 added.
The largest buyer was Owl Creek Asset Management, opening a new position worth an estimated $3.29M. The largest seller was Morgan Stanley, cutting an estimated $897K.
- 50 institutional investors held Bitcoin Depot (BTM) as of Q4 2025, down from 55 in Q3 2025.
- Funds reported $13.5M of Bitcoin Depot stock for Q4 2025, down 49% quarter-over-quarter.
- 16 funds opened new Bitcoin Depot positions in Q4 2025 and 20 closed out, a net change of -4 holders.
- The largest Bitcoin Depot buyer in Q4 2025 was Owl Creek Asset Management, an estimated $3.29M added.
- The largest Bitcoin Depot seller in Q4 2025 was Morgan Stanley, an estimated $897K sold.
Based on aggregated 13F filings for Q4 2025.