Is BTDR or BTM more undervalued in 2026?

CirclFi compares Bitdeer Technologies Group (BTDR) and Bitcoin Depot Inc. (BTM) using 13 institutional-grade valuation models. BTDR has a Quality of Company score of 5.2/10 while BTM scores 7.7/10.

Which is a better buy — BTDR or BTM?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do BTDR and BTM valuations compare?

BTDR at $17.49 and BTM at $0.49 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BTDR vs BTM Valuation Comparison 2026 — Intrinsic Value Analysis

BTDR

Finance Services

Bitdeer Technologies Group

Quality

5.2

out of 10

Value Trap

—

Price

$17.49

Last close

Models

11/13

Active

BTM

Finance Services

Bitcoin Depot Inc.

Quality

7.7

out of 10

Value Trap

SAFE

Price

$0.49

Last close

Models

2/13

Active

Model-by-Model Comparison

Model	Type	BTDR Fair Value	BTDR Upside	BTM Fair Value	BTM Upside
Bayesian DCF	Intrinsic	$4.51	-74.2%	—	—
Earnings Power Value	Intrinsic	$3.33	-71.9%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$5.58	-53.7%	$1.17	+138.3%
ML-RIV	Intrinsic	$0.62	-96.5%	$2.04	-69.6%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for BTDR vs BTM — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

BTDR vs BTM — Which Stock Is More Undervalued?

BTM scores higher with a 7.7/10 quality rating vs BTDR's 5.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Bitdeer Technologies Group (BTDR) and Bitcoin Depot Inc. (BTM) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

BTDR currently trades at $17.49 with a QOC of 5.2/10, while BTM trades at $0.49 with a QOC of 7.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).