Popular American ATM operator files for Chapter 11 bankruptcy

It has hardly been a pleasant play for the integer assets manufacture arsenic aggregate companies person filed for Chapter 11 bankruptcy oregon unopen down implicit the past fewer months.

In February, a large crypto firm, Archblock LLC, filed for bankruptcy aft reporting implicit $100 cardinal successful liabilities against $10 cardinal successful assets.

Related: Popular crypto institution shuts down arsenic Bitcoin crashes

In March, the crypto trading and lending steadfast Blockfills besides filed for bankruptcy pursuing a liquidity crisis.

The aforesaid month, the crypto concern steadfast Goliath Ventures, allegedly progressive successful a Ponzi scheme, filed for bankruptcy.

Now, different crypto institution has filed for bankruptcy.

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Bitcoin Depot files for Chapter 11 bankruptcy

Founded successful 2016, Bitcoin Depot (Nasdaq: BTM) is simply a fashionable American Bitcoin (BTC) ATM operator. Such an ATM lets a lawsuit convert cash into Bitcoin astatine its kiosk successful retail locations.

As of Sep. 30, 2025, Bitcoin Depot operated much than 9,000 Bitcoin ATMs in retail locations passim the United States, Canada and Australia. The institution claims to maintain a starring presumption among cash-to-Bitcoin ATM operators successful the U.S. and Canada.

But the slump successful Bitcoin's terms implicit the past months has the full manufacture struggling.

When Bitcoin Depot reported its preliminary Q1 2026 net report, the institution said it was navigating an progressively challenging regulatory environment.

It said the quarterly gross fell by 49% connected a year-over-year (YoY) basis. Worse, its nett net of $12.2 cardinal successful Q1 2025 fell to a nett nonaccomplishment of $9.5 cardinal successful Q1 2026.

The institution attributed the worsening show to the pursuing factors:

• Regulations banning oregon restricting Bitcoin ATMs

• Regulations capping fees and limiting transaction sizes

• Company's enhanced Know-Your-Customer (KYC) and different compliance measures to combat fraud

On May 18, Bitcoin Depot filed for a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas.

Chapter 11 bankruptcy is simply a court-supervised restructuring process that allows crypto firms to stabilize operations, intermission lawsuit withdrawals, and repay creditors alternatively than instantly liquidating assets.

The extremity is to efficaciously upwind down the company's operations and facilitate a merchantability of its assets, Bitcoin Depot said.