Dossier
Alex Holmes
Coverage of Alex Holmes in the Nexus archive.
Bitcoin Depotorganization2crypto ATMstopic1compliance obligationstopic1Massachusettsplace1FBIorganization1Trump administrationorganization1scamstopic1U.S. Bankruptcy Court for the Southern District of Texasplace1NASDAQorganization1Federal Bureau of Investigation (FBI)organization1Securities and Exchange Commission (SEC)organization1
- Crypto ATM operator Bitcoin Depot files for bankruptcy
Bitcoin Depot, the former largest crypto ATM operator with 9,700 kiosks, filed for bankruptcy due to stringent compliance obligations and restrictions. The company cited challenges from increased regulations and investigations into scams facilitated by crypto ATMs, which led to $389 million in consumer losses reported to the FBI in 2025.
- 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.