Bitcoin Depot Inc. (BTM, BTMWW), on Tuesday, announced that Chief Executive Officer Scott Buchanan has stepped down, effective immediately, to pursue another opportunity.
The company appointed Alex Holmes as Chief Executive Officer and Chairman, effective immediately.
Holmes most recently served as Chairman and CEO of MoneyGram International and brings extensive experience in global payments and fintech leadership.
The company said that the founder, Brandon Mintz will transition from Executive Chair to a non-executive board member and will serve as an advisor to the CEO.
The transition comes as the company expands beyond its core Bitcoin ATM network into a broader suite of fintech and digital asset products.
In the pre-market trading, Bitcoin Depot is 2.16% higher at $3.3405 on the Nasdaq.
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