Bitcoin Depot Inc. 8-K

What Happened

• On December 19, 2025, subsidiaries of Bitcoin Depot Inc. entered into Amendment No. 2 to the Second Amended and Restated Credit Agreement with Silverview Credit Partners, LP (Administrative Agent) and the lenders. The amendment was reported in an 8-K filed December 29, 2025.
• Under the Amendment, the borrower (Kiosk HoldCo LLC) paid $7,000,000 to the Administrative Agent for the benefit of the lenders. That amount was applied as a principal paydown of the term loans: $3,500,000 to Tranche A and $3,500,000 to Tranche B. The Amendment also changed the remaining amortization schedule.

Key Details

• Payment amount: $7,000,000 total principal paydown.
• Allocation: $3,500,000 applied to Tranche A Term Loans; $3,500,000 applied to Tranche B Term Loans.
• Amendment date / filing date: Amendment executed December 19, 2025; 8-K filed December 29, 2025.
• Default threshold change: Section 8.01(h) amended to raise the monetary-judgment threshold that can trigger an Event of Default to $3,500,000 and to provide an exception for certain existing matters.
• Parties: Administrative Agent — Silverview Credit Partners, LP; Borrower — Kiosk HoldCo LLC; Holdings — BT HoldCo LLC; subsidiary guarantors.

Why It Matters

• The $7.0M principal payment immediately reduces the company’s outstanding term loan balances and alters future amortization (i.e., future scheduled principal payments). That can lower near-term interest and principal burden for the company.
• Raising the judgment threshold to $3.5M reduces the risk that a monetary judgment below that amount would trigger an Event of Default under the credit agreement, potentially giving the company more flexibility to manage disputes or legacy liabilities.
• Investors should review the full Amendment (Exhibit 10.1) for complete terms and any other covenant changes, since the 8-K notes the Amendment alters the amortization schedule and default mechanics.