Bitcoin Depot names Scott Buchanan as CEO, Elizabeth Simer as COO

Bitcoin Depot Inc. (NASDAQ: BTM) announced that Scott Buchanan will become chief executive officer effective January 1, 2026. Buchanan currently serves as president and chief operating officer of the Bitcoin ATM operator.

Brandon Mintz, who founded the company and has served as CEO since its inception, will transition to executive chairman. In his new role, Mintz will focus on strategic vision, growth opportunities, and mergers and acquisitions evaluation.

Buchanan joined Bitcoin Depot in 2019 and has held senior leadership positions throughout the company's growth as a public entity. He became president in August 2025 and has served as COO and board member since March 2022, including a period as acting chief financial officer.

The company also appointed Elizabeth Simer as chief operating officer. Simer brings over 15 years of operational, financial, and strategic leadership experience from roles at Slickdeals, Square, Intuit, and Opportunity Financial. She will oversee kiosk footprint expansion, product development, and operational scaling initiatives.

"This leadership evolution positions us to capitalize on the significant strategic, operational, and M&A opportunities ahead," Mintz said in a statement.

Bitcoin Depot operates over 9,000 kiosk locations as of August 2025, providing users with cash-to-bitcoin conversion services at locations in 47 states. The company also offers its BDCheckout product at retail locations in 31 states.

The leadership changes are designed to support the company's long-term strategy, operational scaling, and acquisition objectives, according to the press release announcement.

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