Bitcoin Depot dips on stock offering to raise $15M

* Bitcoin Depot (NASDAQ:BTM [https://seekingalpha.com/symbol/BTM]) has entered into definitive agreements to sell 4.28M shares of its Class A common stock at a purchase price of $3.50 per share.
* The offering [https://seekingalpha.com/pr/20256835-bitcoin-depot-announces-15-million-registered-direct-offering-of-class-a-common-stock]is expected to close around October 8, 2025, subject to the satisfaction of customary closing conditions. Proceeds of around $15 million will be used for general corporate purposes.
* BTM -11.4% premarket.

MORE ON BITCOIN DEPOT

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* Bitcoin Depot Inc. 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4812704-bitcoin-depot-inc-2025-q2-results-earnings-call-presentation]
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* Bitcoin Depot anticipates high single-digit revenue growth for Q3 2025 while strengthening international presence [https://seekingalpha.com/news/4484068-bitcoin-depot-anticipates-high-single-digit-revenue-growth-for-q3-2025-while-strengthening]