{"id":583008,"date":"2026-03-27T06:30:30","date_gmt":"2026-03-27T01:00:30","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=583008"},"modified":"2026-03-26T18:08:29","modified_gmt":"2026-03-26T12:38:29","slug":"bitcoin-depot-names-new-ceo-as-revenue-faces-40-drop-risk","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-depot-names-new-ceo-as-revenue-faces-40-drop-risk\/","title":{"rendered":"Bitcoin Depot names new CEO as revenue faces 40% drop risk"},"content":{"rendered":"

Bitcoin Depot Inc. [Nasdaq: BTM] is North America’s largest operator of Bitcoin ATMs, with over 9,000 machines across the United States and Canada. However, the company recently announced changes to its executive team.<\/p>\n

Amidst continuous regulatory concerns for Bitcoin Depot, Scott Buchanan resigned, and Alex Holmes, a former CEO of MoneyGram, was named the new CEO. Holmes emphasized that he wanted to improve operations and make sure that rules were followed.<\/p>\n

In addition, Brandon Mintz, a co-founder, resigned from his position as executive chairman to serve on the board of directors. They implemented the changes in accordance with an earlier plan from November 2025.<\/p>\n

What’s fueling the 30% revenue decline projection?<\/h2>\n

However, Yahoo Finance’s analysis estimates a 30% to 40% decline in revenue in 2026 due to regulatory issues. For instance, Connecticut suspended BTM operations in the state. The suspension was a result of excessive fees and failure to refund those defrauded.<\/p>\n

In the first three quarters of 2025, BTM managed to record more than $150 million, but the fourth quarter earnings declined by about $50 million. Notably, earnings per share for Q1 2026 were estimated at negative 0.69.<\/p>\n

\"Bitcoin<\/a>
Source: Yahoo Finance<\/figcaption><\/figure>\n

To be specific, BTM’s average estimate for Q1 2026 ranged between $98 million and $133 million. The continuous loss of revenue since the end of the third quarter in 2025 has contributed to the decline in price of BTM since mid-June.<\/p>\n

BTM stock losing correlation with BTC price<\/strong><\/h2>\n

The price action of Bitcoin Depot stock has been trending down a channel for more than nine months. BTM stock was at $2.62 as of writing.<\/p>\n

The stock has lost its correlation with the Bitcoin [BTC]<\/a> price, with the coefficient at negative 0.30. This explains why the Bitcoin price has been rising recently while the firm’s stock has been declining.<\/p>\n

\"BTMBitcoin<\/a>
Source: BTM\/USD on TradingView<\/figcaption><\/figure>\n

Every time BTM has hit the resistance of the channel, it has resulted in a lower low, though it has been bouncing off its slanting support level. For the price to be bullish, the stock has to break and stay above the descending channel.<\/p>\n

\n

Final Summary\u00a0<\/strong><\/h2>\n
    \n
  • Bitcoin Depot has changed its top executives following a memo dated November 2025. <\/em><\/li>\n
  • BTM projects a decline of 30% in revenue, which has been evident in its stock price.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Assessing if the changes in Bitcoin Depot executive could streamline its ongoing regulatory issues. <\/p>\n","protected":false},"author":98,"featured_media":583026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,4,20],"tags":[6427],"class_list":["post-583008","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"\nBitcoin Depot names new CEO as revenue faces 40% drop risk - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Amid ongoing regulatory issues for Bitcoin Depot, the firm announced Scott Buchanan's resignation and his replacement by ex-MoneyGram CEO Alex Holmes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bitcoin-depot-names-new-ceo-as-revenue-faces-40-drop-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Depot names new CEO as revenue faces 40% drop risk - 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