Bitcoin Depot said it has entered voluntary Chapter 11 proceedings in Texas to wind down operations and sell its assets, with its BTMs taken offline and non-U.S. entities also set for restructuring or wind-down.
Bitcoin Depot said on May 18, 2026, that it has entered a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas to facilitate an orderly wind-down and sale of the company’s assets.
The company said its network of bitcoin teller machines, or BTMs, has been taken offline. It also said Canadian and other non-U.S. entities will be wound down or restructured as part of the process.
The filing marks a sharp turn for one of the better-known crypto ATM operators as the sector faces growing regulatory and litigation pressure. The company’s announcement is the initial public signal of the bankruptcy process, and Reuters and PYMNTS both separately reported the same wind-down plan.
What happens next will depend on the bankruptcy proceedings and whether the company can find a buyer for any of its assets. The filing also raises open questions for creditors, customers and shareholders, as well as for the non-U.S. entities the company said would be addressed separately.
Bitcoin Depot did not provide additional detail in the announcement about the assets it expects to sell or any timeline for the court process.
Revision note
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