people · May 18, 2026
Bitcoin Depot Files for Chapter 11 Bankruptcy Amid Regulatory Pressure
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Bitcoin Depot filed for Chapter 11 bankruptcy protection on May 18, 2026, to facilitate an orderly wind-down and asset sale. The Nasdaq-listed operator of approximately 9,000 Bitcoin ATMs cited changing regulatory environment with state-imposed transaction limits and bans in some jurisdictions. The company took its entire BTM network offline as part of the process. Canadian entities are included in the U.S. court-supervised proceedings with restructuring expected in Canada.
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