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Bitcoin Depot files for Chapter 11 bankruptcy, takes 9,000 crypto ATMs offline
May 18, 2026
< 1 min read
by Opeyemi Olanrewaju
for CryptoPolitan
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Bitcoin Depot, once North America’s largest Bitcoin ATM operator and Nasdaq-listed under ticker BTM, has filed for Chapter 11 bankruptcy and shut down its entire ATM network. The Atlanta-based company blamed state regulations and an unsustainable business model for the collapse, a setback for crypto adoption and retail onramps that highlights regulatory and operational risks for Bitcoin ATM operators.
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Bitcoin Depot has gone from being North America’s largest Bitcoin ATM operator to filing for bankruptcy and shutting down its entire network of ATMs, citing state regulations and unsustainable business models as reasons. The Atlanta-based crypto company, listed on Nasdaq under the ticker BTM, has filed for Chapter 11 in the U.S. Bankruptcy Court in...
