Bitcoin Depot files for voluntary Chapter 11 to wind down and sell assets

Bitcoin Depot says it has entered a voluntary Chapter 11 process to facilitate an orderly wind-down and sale of its assets, marking a major retreat for one of the best-known bitcoin ATM operators.

The company announced the filing on May 18, 2026, and said the move was driven by a significantly more difficult regulatory environment for bitcoin ATM businesses. Reuters-syndicated coverage and other reports said Bitcoin Depot’s ATM network has been taken offline as part of the shutdown.

Bitcoin Depot’s press release framed the bankruptcy process as a step toward an organized exit rather than an ongoing restructuring. The company said it expects the court process to support the sale of assets.

The filing comes amid broader scrutiny of crypto ATMs, which have drawn attention from regulators and law enforcement in multiple markets over concerns about fraud, compliance, and consumer protection.

What happens next

The company has not yet publicly detailed which assets will be sold or how the court process will affect creditors and customers. Further disclosures are likely to come through court filings and creditor notices.

For now, the key development is that Bitcoin Depot has moved from operations to wind-down, and its ATM network appears to be offline while the bankruptcy process begins.