Bitcoin Depot reshuffles leadership, projects 30% revenue drop in 2026

Bitcoin Depot (Nasdaq: BTM) has undergone significant leadership changes, with Scott Buchanan resigning as CEO and Brandon Mintz stepping down as executive chairman. Alex Holmes, formerly of MoneyGram International, has been appointed as the new CEO and chairman. This follows a previous leadership transition announced in November 2025. The company is also facing regulatory challenges, including a suspension of its money transmission license in Connecticut due to alleged fee violations. Looking ahead, Bitcoin Depot projects a substantial 30-40% decrease in core business revenue for 2026, attributing this decline to increasingly stringent state regulations regarding transaction size caps and compliance standards. The company's stock price has fallen significantly, dropping 14.37% on Tuesday and 88.8% over the past six months.

(Source：The Block)