Cryptocurrency Stock Surges Following Bullish Price Target Update

By: Dylan Sikes – AllPennyStocks.com News

Friday, May 16, 2025

A cryptocurrency company based out of Pennsylvania found a way to finish the week off on a good note after it was recently announced that B. Riley raised the stock’s price target from $4.70 to $5.50/share, maintaining their buy rating.

Seeing that the company closed at just $2.09 yesterday, it’s no wonder that traders rushed to get their hands on shares of Bitcoin Depot Inc Com (Nasdaq:BTM), pushing the small cap up to $2.87/share (+37.32%) at the early session high. This move is a strong continuation of the success this stock has had over the last few weeks.

Bitcoin Depot Inc. operates multi-crypto currency automated teller machine (ATM) network, which provides users to buy and sell Bitcoin, Litecoin, and Ethereum, and bitcoin cash. Bitcoin Depot Inc. was incorporated in 2016 and is based in Atlanta, Georgia. Bitcoin Depot Inc. operates as a subsidiary of BT Assets.

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