BUSINESSMay 18 · 13:38 UTCBITCOIN MAGAZINEMicah Zimmerman

Bitcoin Depot (BTM) Stock Falls 80% As Company Files for Chapter 11 Bankruptcy

Bitcoin Depot, a Bitcoin ATM operator, filed for Chapter 11 bankruptcy protection due to a hostile regulatory environment and financial deterioration. The company's stock fell 80% and it intends to wind down all operations and pursue a sale of its assets. Bitcoin Depot operated over 9,000 kiosk locations worldwide as of August 2025.

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Mentioned

Bitcoin DepotorganizationAlex HolmespersonU.S. Bankruptcy Court for the Southern District of TexasplaceNASDAQorganizationFederal Bureau of Investigation (FBI)organizationSecurities and Exchange Commission (SEC)organization

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