Bitcoin Depot (NASDAQ: BTM), once the largest Bitcoin ATM operator in North America, filed for voluntary Chapter 11 bankruptcy protection on Monday in the U.S. Bankruptcy Court for the Southern District of Texas. The Atlanta-based fintech company said it intends to wind down all operations and pursue a sale of its assets — marking one of the most visible collapses in the retail cryptocurrency sector to date.

The company’s stock cratered on the news, falling from $3 to around $0.75 on the news.

As part of the filing, Bitcoin Depot took its entire network of Bitcoin ATM kiosks offline. The company operated over 9,000 kiosk locations worldwide as of August 2025, with machines…

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