Bitcoin Depot Inc. (NASDAQ: BTM) announced that Scott Buchanan stepped down as chief executive officer to pursue opportunities outside the company. The board appointed Alex Holmes as chairman and CEO, effective immediately, according to a company statement.

Holmes previously served as chairman and CEO of MoneyGram International from 2016 to 2024, where he led operations across more than 200 countries. He held executive roles including CFO and COO during his 16-year tenure at MoneyGram. Most recently, Holmes served as executive vice chairman of United Texas Bank.

Bitcoin Depot founder Brandon Mintz will transition from executive chair to a non-executive board member and advisor to the CEO. Mintz remains a long-term shareholder in the company he founded.

"My priorities are operational stability, regulatory progress, and accelerating the Company's evolution into a more diversified fintech platform," Holmes said in the statement.

The leadership change occurs as Bitcoin Depot expands beyond its Bitcoin ATM network into additional fintech and digital asset products. The Atlanta-based company operates over 9,000 kiosk locations globally as of August 2025 and provides services in 47 states through its ATMs and 31 states through retail locations via its BDCheckout product.

Lead independent director Bradley Strock cited Holmes' experience in regulated global businesses and blockchain technology integration as qualifications for the role.