Bitcoin Depot Inc. (BTM) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BTM currently has 5.72M outstanding shares. with significant dilution risk as 65.2M authorized shares could dilute existing holders by 1140.2%. The company has significantly diluted shareholders by 76.05% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 10, 2026 |
S-1/A filing: This prospectus relates to the offering and resale by the selling stockholders identified herein of up to 651,786 shares of Class A common stock of Bitcoin Depot Inc. |
5.7M | 65M |
| Mar 18, 2026 |
10-K filing | 5.7M shares outstanding |
5.7M | 65M |
| Nov 13, 2025 |
10-Q filing | 35.0M shares outstanding |
35M | 65M |
| Aug 12, 2025 |
10-Q filing | 26.9M shares outstanding |
27M | 65M |
| Jun 20, 2025 |
S-3 filing: The filing is for a shelf registration of various securities, including Class A common stock and preferred stock, up to an aggregate amount of $100,000,000, and also includes an ATM offering of Class A common stock up to $50,000,000. |
23M | 65M |
| May 30, 2025 |
8-K filing: Bitcoin Depot Inc. entered into a merger agreement and issued 41,193,024 shares of Class M Common Stock to former stockholders of BT Assets in exchange for Class V Common Stock and BT HoldCo Common Units. |
21M | 56M |
| May 15, 2025 |
8-K filing: Bitcoin Depot, Inc. announced an agreement in principle for an Up-C Restructuring where BT Assets will merge with a subsidiary of the Company and receive 41,193,024 shares of the Company's Class M common stock, and all Class V Common Stock held by BT Assets will be cancelled. |
22M | 56M |
| May 15, 2025 |
10-Q filing | 21.4M shares outstanding |
21M | 56M |
| Mar 24, 2025 |
10-K filing | 21.7M shares outstanding |
22M | 56M |
| Nov 20, 2024 |
S-3 filing: This is an S-3 filing for a mixed shelf offering of Class A common stock and preferred stock with a total value of $25,000,000, of which only $13,083,550 is currently eligible for sale. It also specifies the common stock closing price and total shares outstanding. |
18M | 56M |
| Nov 14, 2024 |
10-Q filing | 18.1M shares outstanding |
18M | 51M |
| Aug 20, 2024 |
POS AM filing: This prospectus relates to the issuance of Class A common stock upon exercise of warrants and the resale of Class A common stock and warrants by selling securityholders. |
19M | 51M |
| Aug 15, 2024 |
10-Q filing | 19.4M shares outstanding |
19M | 51M |
| May 15, 2024 |
10-Q filing | 16.6M shares outstanding |
17M | 51M |
| Apr 29, 2024 |
POS AM filing: This is a POS AM filing for Bitcoin Depot Inc. relating to the issuance of up to 43,848,750 shares of Class A common stock upon exercise of warrants and the offer and sale of up to 83,747,027 shares of Class A common stock and up to 12,223,750 private placement warrants by selling securityholders. |
14M | 51M |
| Apr 15, 2024 |
10-K filing | 14.4M shares outstanding |
14M | 180M |
| Nov 14, 2023 |
10-Q filing | 13.3M shares outstanding |
13M | 180M |
| Aug 30, 2023 |
S-1/A filing: This S-1/A filing relates to the issuance of up to 43,848,750 shares of Class A common stock upon exercise of warrants and the offer and sale of up to 83,747,027 shares of Class A common stock by selling securityholders. |
12M | 180M |
| Aug 18, 2023 |
10-Q filing | 12.4M shares outstanding |
12M | 220M |
| Aug 04, 2023 |
S-1/A filing: This S-1/A filing details the offering of up to 83,747,027 shares of Class A common stock, up to 43,848,750 shares of Class A common stock underlying warrants, and up to 12,223,750 warrants to purchase Class A common stock by Bitcoin Depot Inc. and selling securityholders. |
12M | 220M |
| Jul 17, 2023 |
S-1 filing: This S-1 filing includes the issuance of Class A common stock upon exercise of warrants and offer/sale of Class A common stock by selling securityholders. |
12M | 180M |
| May 05, 2023 |
10-Q filing | 31.6M shares outstanding |
32M | 51M |
| Mar 30, 2023 |
10-K filing | 31.6M shares outstanding |
32M | 51M |
| Nov 14, 2022 |
10-Q filing | 31.6M shares outstanding |
32M | 51M |
| Aug 15, 2022 |
10-Q filing | 31.6M shares outstanding |
32M | 51M |
| May 16, 2022 |
10-Q filing | 31.6M shares outstanding |
32M | 51M |
| Feb 23, 2022 |
S-1/A filing: GSR II Meteora Acquisition Corp. is a blank check company offering 27,500,000 units at $10.00 per unit, each consisting of one share of Class A common stock, one-sixteenth of one right and one redeemable warrant. |
7.9M | 51M |
| Jan 03, 2022 |
S-1 filing: GLA II Meteora Acquisition Corp. is offering 22,000,000 units in an initial public offering, with each unit consisting of one share of Class A common stock, one-twentieth of one right and one-half of one redeemable warrant, at a price of $10.00 per unit. |
6.3M | 28M |