Highbridge Capital Amends Bitcoin Depot Stake (SC 13G/A)

TL;DR

**Highbridge Capital still owns a chunk of Bitcoin Depot, signaling continued institutional interest.**

AI Summary

Highbridge Capital Management LLC, a New York-based investment firm, filed an amended Schedule 13G/A on January 19, 2024, indicating its ownership of Class A Common Stock in Bitcoin Depot Inc. as of December 31, 2023. This amendment updates their previous filing, showing their continued significant, though passive, stake in the cryptocurrency ATM operator. This matters to investors because it signals that a major institutional investor maintains a position in Bitcoin Depot, potentially indicating confidence in the company's long-term prospects, even if their ownership percentage has changed slightly.

Why It Matters

This filing shows that a large institutional investor, Highbridge Capital Management LLC, continues to hold shares in Bitcoin Depot Inc., which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This is an amendment to a passive ownership filing, indicating no immediate change in company control or strategy.

Analyst Insight

An investor should note that a significant institutional investor like Highbridge Capital Management LLC maintains a position in Bitcoin Depot Inc. This suggests continued institutional interest, but without specific details on the percentage change in ownership (which is not provided in this excerpt), it's difficult to gauge the exact sentiment. Further investigation into the updated ownership percentage would be prudent.

Key Players & Entities

• Highbridge Capital Management LLC (company) — the entity filing the SC 13G/A, reporting its ownership in Bitcoin Depot Inc.
• Bitcoin Depot Inc. (company) — the subject company whose Class A Common Stock is being reported on
• GSR II Meteora Acquisition Corp. (company) — Bitcoin Depot Inc.'s former name
• December 31, 2023 (date) — the date of the event requiring this filing
• January 19, 2024 (date) — the date the SC 13G/A was filed

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• p24-0184sc13ga.htm (SC 13G/A) — 49KB
• 0000902664-24-000380.txt ( ) — 51KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Bitcoin Depot Inc. (formerly known as GSR II Meteora Acquisition Corp.) (the “ Company ”).

(b)

Item 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES: The Company’s principal executive offices are located at 3343 Peachtree Road NE, Suite 750, Atlanta, GA 30326.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Highbridge Capital Management, LLC (“ Highbridge ” or the “ Reporting Person ”), a Delaware limited liability company and the investment adviser to certain funds and accounts (the “ Highbridge Funds ”), with respect to the shares of Class A Common Stock (as defined in Item 2(d) below) that were directly held by the Highbridge Funds.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of Reporting Person is 277 Park Avenue, 23rd Floor, New York, New York 10172.

(c)

Item 2(c). CITIZENSHIP: Highbridge is a Delaware limited liability company.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $0.0001 per share (the “ Class A Common Stock ”).

(e)

Item 2(e). CUSIP NUMBER: 09174P105 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) Broker or dealer registered under Section 15 of the Act, (b) Bank as defined in Section 3(a)(6) of the Act, (c) Insurance Company as defined in Section 3(a)(19) of the Act, (d) Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E), CUSIP No. 09174P105 13G/A Page 4 of 6 Pages (f) Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act, (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:________________________________________ Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page of the Reporting Person and is incorporated herein by reference. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Item 6. Not applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not applicable. Item 8. IDENTIFIC

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: January 19, 2024 HIGHBRIDGE CAPITAL MANAGEMENT, LLC By: /s/ Kirk Rule Name: Kirk Rule Title: Executive Director

View Full Filing

View this SC 13G/A filing on SEC EDGAR