Bitcoin Depot Inc., North America's largest Bitcoin ATM operator, has appointed Alex Holmes, former CEO of MoneyGram, as its new CEO following the resignation of Scott Buchanan. This leadership change comes amid projected revenue declines of 30% to 40% in 2026, attributed to regulatory challenges, including a suspension of operations in Connecticut due to excessive fees and failure to refund defrauded customers. Brandon Mintz, co-founder of Bitcoin Depot, has also stepped down as executive chairman to join the board of directors. The company recorded over $150 million in revenue in the first three quarters of 2025, but faced a $50 million decline in the fourth quarter. The stock price of Bitcoin Depot has been trending downward, currently at $2.62, and has lost its correlation with Bitcoin's price, with a negative correlation coefficient of 0.30.