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45 /100
MEDIUM RISK
Score updated Oct 13, 2026

BTM — Bitcoin Depot Inc. Dilution Risk Tracker

Track BTM dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Bitcoin Depot Inc. (BTM) has a DilutionWatch DilutionScore of 45/100, rated MEDIUM dilution risk. Bitcoin Depot Inc. has a market capitalization of $5.58M, 7.15M shares outstanding, 4 institutional holders tracked. Stored dilution-related fields include 6.26M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
42
💰Cash Runway—
📊 Float Risk
45
⚠️ Warrant Exposure
90
🔄 Convertible Debt
40

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 34%
📜 Warrant Exercise model 60%
• Massive warrant overhang: 88% of shares outstanding
• Warrant risk score very high (90/100)
🔄 Reverse Split model est. 15%
• 52-week low $0.15 has breached $1
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Market Data

Market Cap$5.58M
Shares Outstanding7.15M
Float5.17M
Cash$65.63M
Debt$60.49M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore45/100DilutionWatch score record
Shares Outstanding7.15MVerified float table or market cache
Public Float5.17MVerified float table or market cache
Market Cap$5.58MMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding Warrants6.26MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 2, 424B3 1, EFFECT 1, S-1/A 1, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↓ 91.5% shares (2026Q1 vs prior)
4 institutional holders · 925.7K shares
#1 MORGAN STANLEY 431.3K shares
#2 Galaxy Group Investments LLC 400.0K shares
#3 PEAK6 LLC 50.0K shares
+ 1 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

No current FINRA short-interest record is available for this ticker.

Recent SEC Activity

xbrl XBRL WARRANT 2026-03-18
xbrl XBRL CONVERTIBLE 2025-08-12
424B3 ATM 2026-04-13
EFFECT EFFECT 2026-04-10
S-1/A SHELF 2026-04-10
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual BTM Dilution Snapshot

Bitcoin Depot Inc. (BTM) has a DilutionScore of 45/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

BTM's DilutionScore is currently 45/100 (Medium risk), with 4 score changes tracked over 89 days. The score deteriorated from 57/100 (High risk).

Period Score Risk Level Duration
Oct 04 – Oct 13, 202645/100MEDIUM10 days
Oct 01 – Oct 03, 202657/100HIGH3 days
Aug 22 – Sep 30, 202653/100HIGH40 days
Aug 14 – Aug 21, 202647/100MEDIUM7 days
Jul 16 – Aug 13, 202653/100HIGH29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

BTM shares outstanding have increased 9.9% from 5.41M (Mar 2026) to 5.94M (Apr 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
Apr 26, 20265.94M5.17M▲ 0.18%
Apr 24, 20265.94M5.16M▲ 0.19%
Apr 11, 20265.72M5.15M▼ 1.50%
Apr 07, 20265.72M5.23M▼ 0.40%
Mar 23, 20265.07M5.25M▲ 7.48%
Mar 22, 20265.07M4.89M▲ 6.22%
Mar 20, 20265.07M4.60M▲ 0.45%
Mar 17, 20265.41M4.58M▲ 0.22%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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