NASDAQ:BTM

Bitcoin Depot bankruptcy puts 9,000 crypto ATMs offline as fraud expenses hit
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Bitcoin Depot bankruptcy puts 9,000 crypto ATMs offline as fraud expenses hit

Bitcoin Depot Inc. filed for bankruptcy and shut down its bitcoin ATM network, citing a 49% drop in first-quarter revenue and an $80.7 million decline from a year earlier. The company reported an $9.5 million net loss and warned of “substantial doubt” about its future. Shares last traded at 56.3 cents, valuing the company at $38 million. U.S. authorities have linked crypto ATMs to rising fraud and regulatory scrutiny.
May 20, 2026

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