What is BTM's dilution risk score?

BTM currently has a DilutionScore of 53/100, indicating high dilution risk. DilutionWatch monitors BTM SEC filings in real-time, scanning EDGAR every 60 seconds for shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals.

What SEC filings does DilutionWatch track for BTM?

DilutionWatch tracks 25 SEC filing types for BTM including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect BTM shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For BTM, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for BTM tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for BTM. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

BTM Dilution Risk Score: 53/100 (HIGH)

📊 Score Breakdown

📋 Offering Ability

62

💰 Cash Runway

0

📊 Float Risk

40

⚠️ Warrant Exposure

70

🔄Convertible Debt—

🌦️ Dilution Forecast

🌥️

Advisory

Moderate dilution signals present

24%

📜 Warrant Exercise 40%

• Significant warrants: 28% of shares outstanding

• Elevated warrant risk score (70/100)

🔄 Reverse Split 15%

• 52-week low $0.15 has breached $1

🔔 Track BTM — Get forecast alerts →

💹 Market Data

Market Cap$5.58M

Shares Outstanding7.15M

Float5.17M

Cash$65.63M

Debt$60.49M

Short InterestN/A

🏛 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 →

📉 Short Interest

Short Interest263.7K

Days to Cover1.0

% of Float5.1%

FINRA data as of May 15, 2026

👤 Insider Buy/Sell Ratio

📁 Recent SEC Activity

xbrl XBRL WARRANT Dec 31, 2025

xbrl XBRL CONVERTIBLE Jun 30, 2025

424B3 ATM Apr 13, 2026

EFFECT EFFECT Apr 10, 2026

S-1/A SHELF Apr 10, 2026

Full SEC filing analysis available with free account →

📰 Recent News

No recent news

📋 What This Means for BTM Shareholders

Bitcoin Depot Inc. (BTM) has a DilutionScore of 53/100, placing it in the High dilution risk tier. This score reflects at least one active dilution mechanism — a shelf registration, ATM program, outstanding warrants, or limited cash runway — that could materially increase the share count over the next 12–18 months. Score as of July 14, 2026, updated from SEC EDGAR data.

DilutionWatch tracks 2.0M outstanding warrants for BTM. Warrants become dilutive when exercised — converting to common shares at the strike price. Warrants near or in-the-money deserve particular attention since exercise can add materially to the outstanding share count within a short window.

DilutionWatch tracks over 25 SEC filing types for BTM in real-time, scanning EDGAR every 60 seconds. A recent S-3 or registration statement filing appears in BTM's filing history — this warrants monitoring for subsequent prospectus supplements (Form 424B), which indicate active capital raising. The DilutionWatch screener shows real-time score changes for BTM alongside comparable high-risk stocks. Not financial advice — this analysis is for informational purposes only.

Warrants Explained →