Bitcoin Depot has replaced its CEO less than three months after a planned handoff, turning to former MoneyGram chief Alex Holmes as pressure builds on its crypto ATM business.
Its founder, Brandon Mintz, likewise stepped down as executive chairman but will remain on the reduced six-member board and is expected to continue advising the CEO.
Holmes, a Bitcoin Depot director since August last year, brings more than 16 years of senior payments experience from across remittances, banking, and regulatory compliance.
In a statement, Holmes said his priorities would center on “operational stability, regulatory progress,” and pushing for the company’s “evolution into a more diversified fintech platform.”
Holmes previously served as CEO of the financial services firm MoneyGram from 2016 to 2024, during which he also served as chairman.
That structure lasted less than three months, a turnover that arrives as the company navigates tightening state oversight and lower expectations for its revenue.
Bitcoin remains the largest Bitcoin ATM operator in North America, 10 years after its founding. It operates over 9,000 kiosk locations globally.
Bitcoin Depot did not immediately respond to a request for comment.
