{"id":963804,"date":"2026-05-18T00:17:23","date_gmt":"2026-05-18T04:17:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-depot-initiates-voluntary-chapter-11-process-to-facilitate-an-orderly-wind-down-and-sale-of-the-companys-assets\/"},"modified":"2026-05-18T00:17:23","modified_gmt":"2026-05-18T04:17:23","slug":"bitcoin-depot-initiates-voluntary-chapter-11-process-to-facilitate-an-orderly-wind-down-and-sale-of-the-companys-assets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-depot-initiates-voluntary-chapter-11-process-to-facilitate-an-orderly-wind-down-and-sale-of-the-companys-assets\/","title":{"rendered":"Bitcoin Depot Initiates Voluntary Chapter 11 Process to Facilitate an Orderly Wind-Down and Sale of the Company\u2019s Assets"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">ATLANTA, May  18, 2026  (GLOBE NEWSWIRE) &#8212; Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (\u201cBTM\u201d) operator and leading fintech company, today announced that it has initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas to effect an orderly wind-down of the Company\u2019s operations and facilitate a sale of its assets.<\/p>\n<p>\u201cOver time, the Company has continued to strengthen its protocols and procedures to combat fraud and protect the customers who use its BTMs, including enhanced identity verification, customer fraud warnings, and its more recent adoption of lower transaction limits for its customers,\u201d said Alex Holmes, CEO of Bitcoin Depot. \u201cNevertheless, the regulatory environment for BTM operators has shifted significantly: states have imposed increasingly stringent compliance obligations, including new transaction limits, and in some jurisdictions, outright restrictions or bans on BTM operations; and operators have faced increasing litigation and regulatory enforcement. These developments have materially affected Bitcoin Depot\u2019s business and financial position. Under these circumstances, the Company\u2019s current business model is unsustainable.\u201d<\/p>\n<p>Holmes continued, \u201cAfter evaluating all options, we determined to initiate this court-supervised process to facilitate an orderly wind-down of operations and a sale of the Company\u2019s assets. We are grateful to our customers, suppliers, and business partners for their support. I also want to thank our employees across the globe for their continued hard work and dedication.\u201d<\/p>\n<p>The Company\u2019s network of BTMs has been taken offline. Bitcoin Depot has filed a number of customary \u201cfirst day\u201d motions with the Court.<\/p>\n<p>The Company\u2019s Canadian entities are included in the U.S. Court-supervised process and it expects to commence restructuring proceedings in Canada in due course. The Company\u2019s other non-U.S. entities will be winding down under applicable foreign law.<\/p>\n<p>Court filings and other information related to the proceedings are available through the Company\u2019s claims agent at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Wc5Pz_DT-OQp7aWX8QWqUPaLsb_sjDmEnLk4N8ZcGUWMH0_gQJwcFsK-UAhp870pYSUKHWaPOqEUFqPgvW1csAYhm9DblWhBKpPTkJGs6qAsZY-viHVyT-sT0TN2FFycdrAYESqQydB4UYzyaXBIwRzlbTXi2p9lY0nxeGPEfPV4UjihT132oGtQsPQG3G7IFhHaVkdUIdCzgaumuMU4JnBC-t8r8Z9jLPl8cFWhkPs=\" rel=\"nofollow\" target=\"_blank\">https:\/\/restructuring.ra.kroll.com\/bitcoindepot<\/a>, by calling the restructuring hotline at (844) 339-4117 (Toll-Free US\/Canada) \/ + 1 (332) 232-7827 (International) or emailing <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GB1y5WlA-R8ulog9wn7iEGXzX8Lo0q-mrx6ElGs4qPS_UjGSVnVtDz-qxuDO2KSKl3jcAq38x2uK8opi4XZwk9KWLyT6c2ufOLjHhrvP0nhfaW5GKE-5vZjvd2gxkUOV\" rel=\"nofollow\" target=\"_blank\">BitcoinDepotInfo@ra.kroll.com<\/a>.<\/p>\n<p>Vinson &amp; Elkins LLP is serving as legal advisor, Portage Point Partners is serving as restructuring advisor, and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to Bitcoin Depot.<\/p>\n<p>\n        <strong>About Bitcoin Depot <\/strong>\n      <\/p>\n<p>Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The Company has the largest market share in North America and operates over 9,000 kiosk locations globally as of August 2025. Learn more at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vUAISEbUM4rJrcANgYNk8ZdeSINN9Y3tP7D7Bu_eZC_8Fn_Fda7pHlrvz6WblnYqaMwFkIwApNcGWbLdwLWYWxwFSID6sVlnJWxD3ISWg6Q=\" rel=\"nofollow\" target=\"_blank\">www.bitcoindepot.com<\/a>.<\/p>\n<p>\n        <strong>Contacts<\/strong>\n      <\/p>\n<p>\n        <strong><br \/>\n          <em>Investors<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>Gateway Group, Inc.\u00a0<br \/>949-574-3860\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jqqTnnOIwOcRYGTxO76fkP7hLW-S4IshL_V-h0RjI0PZwF_B99mD_HztKnFWzjQca3PbGO8yThmGvu_eCPIolOOGKAlUI7XTpTNPSYqW-u21DvZMG2ROmCo6f3dTCLPM_dnLb7kxS7DvAKoeV-cpAV_dxpTyLywqFKIFbjhX9IZhwxl3pAvkXeE4RuD9DLIpMGYJEWUImiTp8BN2-vgCqZbdwwFvBrZudlftL0LM7SwIhLgycVgS3i3UtJtjdRDEkup_-6WihcjTajV6AjjadYKwoGchV_NPwkOYDX8s4dOrLK8ZxIyB8nYe2hl9RZdOVMMCGfm32fXeMKfP0rJ3sr9jVB7MB9w98Vo3tphTNyUYs-1s9xPKTNgyIqXDwYg4Bp1rVNhJo0_XXGYot5abOtM7XJ1TH3pIziKcta9gCs0Bh4rwbfzRRMe0r1H4CxJlAsujINbL6ZXiRxMtLLSP0Qr5yLqanoeUuFhOfBhdJmxcevdvnUsgp2y4053GGyPIYexZuLqDAs_NqxyjvWlfqofxMC8UGJAD4pIUy7KxhhsUo268uFyHGk9I3tIWztlg2Got6FDXsR7_sam1ElvmUW-PoEMylRynBmcPYEgHGz5PC2dv0t1B_v8EUD_DlL2SgsfXDFfWfael1ad6PmrKXiLVWntzvGZefaBZAWRvx3kdhjYR9mu7tvwIV4QIzfsaNXozPtQBuLxCQLIN3yQdt6OEELM4-O3n0cjj-DTqSJAfepddddkuL_-x5_uhuOkCbIDtZyqJNc3syEOQkwhYQmFKt83MWJZE5RI9xpaUarw=\" rel=\"nofollow\" target=\"_blank\">BTM@gateway-grp.com<\/a><\/p>\n<p>\n        <strong><br \/>\n          <em>Media<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>Michael Freitag \/ Aaron Palash<br \/>Joele Frank, Wilkinson Brimmer Katcher<br \/>(212) 355-4449<\/p>\n<p>Gateway Group, Inc.\u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jqqTnnOIwOcRYGTxO76fkHYmWXJnuue4WiQFOQrIyYWElSkW1EWghJ56BycDhkUruNogfGD2zkZH6xWbkS-i37SxSxbfef9HXlcZr0e_cSxoaen6hLNz9hajD-LK6lfO31M0ceDJaO2GiY1g_vtYgGDSlsejDnjTrhA-oZMvaDBlIjGH9HUIr9F4EoJGSjUqDln9kzD4NLslG5_D11jAlV4vsAT1CW9euvyOeyFlet_7cl9XXLtXmIaWt5mLnu-kpgjRSkdMkUWeRBFyfHaMwcrxb8Adh4IB6siyDDMkCiCkqSgmBd0iFTLpBLVraga3VGxecqlfENZGEe7kyNoRvcIlUpEnGldsCJYR5YoUif6COrVV1sJwB4zCBfC0htWaFpFcxu2SN5MfiiIGPEoJWLj9o-KvLQQvl5-lKQWViXbhzYgIrWqAQg8vQL840Oev-WXkCx2oqErKourCPt6zmAL6LIKFt4xNPPscaRs_IUWIqmwIcsvdavs6ojw1EansVpvrfpabai9dfH0_kbgBXILLOZqUxVTQnFFooOfdhINjmA2Z7NtJNId2vE571XDbyzRO_dgoiMetQPGvjljf0OLlhzF5aUi6dcMankL6IGVi37TwOZfazb86w9UVUCUZnFygqB_OGXz2sPWMu7DdOqx31g-64qrMSddKoengGW0IIcJszddDFBhywYyrKbIe2VezWPdhY6XQigt2qK8NFVebwixE4XP1bwJG76wer0mm8ZChtFWpIO33idqXJj63R32X3GmhGjhQuDaCTy1JlNcI74LLwNOOR4X5zlWVOfA=\" rel=\"nofollow\" target=\"_blank\">BTM@gateway-grp.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcyMTkxOCM3NjA3Nzk1IzIyNTg3OTg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MDlkMDA0MzgtOTY4Ni00ZTcwLWExMGQtZGEyZDQ0OTM3ZTQ4LTEyNzAzNDctMjAyNi0wNS0xOC1lbg==\/tiny\/Bitcoin-Depot-Operating-LLC.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA, May 18, 2026 (GLOBE NEWSWIRE) &#8212; Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (\u201cBTM\u201d) operator and leading fintech company, today announced that it has initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas to effect an orderly wind-down of the Company\u2019s operations and facilitate a sale of its assets. \u201cOver time, the Company has continued to strengthen its protocols and procedures to combat fraud and protect the customers who use its BTMs, including enhanced identity verification, customer fraud warnings, and its more recent adoption of lower transaction limits for its customers,\u201d said Alex Holmes, CEO of Bitcoin Depot. \u201cNevertheless, the regulatory environment for BTM operators has shifted significantly: states have &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bitcoin-depot-initiates-voluntary-chapter-11-process-to-facilitate-an-orderly-wind-down-and-sale-of-the-companys-assets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bitcoin Depot Initiates Voluntary Chapter 11 Process to Facilitate an Orderly Wind-Down and Sale of the Company\u2019s Assets&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-963804","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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