Internal selling of Bitcoin Warehouse (BTM): Impact on investor sentiment and stock valuation

In 2025, Bitcoin Warehouse (NASDAQ:BTM) experienced a massive insider sell-off, CEO Brandon Taylor Mintz sold $1.19 million in stock, and COO Christopher Scott Buchanan made multiple deals. Insiders sold a total of 3.41 million shares in 24 months, with a total value of $5.96 million. Although revenue in the second quarter of 2025 rose 6% year-on-year to $172.1 million and net profit soared 183% to $12.3 million, the stock fell 14.28% in pre-market trading. These sell-offs planned under the 10b5-1 rule have raised questions about company executive confidence amid doubts about market growth sustainability and regulatory pressures.