Bitcoin Depot Initiates Voluntary Chapter 11 Process to Facilitate an Orderly Wind-Down and Sale of the Company’s Assets

ATLANTA, Might 18, 2026 (GLOBE NEWSWIRE) — Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and main fintech firm, right this moment introduced that it has initiated a voluntary Chapter 11 course of in the U.S. Chapter Court docket for the Southern District of Texas to impact an orderly wind-down of the Company’s operations and facilitate a sale of its property.(*11*)

“Over time, the Firm has continued to strengthen its protocols and procedures to fight fraud and shield the prospects who use its BTMs, together with enhanced identification verification, buyer fraud warnings, and its more moderen adoption of decrease transaction limits for its prospects,” stated Alex Holmes, CEO of Bitcoin Depot. “Nonetheless, the regulatory surroundings for BTM operators has shifted considerably: states have imposed more and more stringent compliance obligations, together with new transaction limits, and in some jurisdictions, outright restrictions or bans on BTM operations; and operators have confronted rising litigation and regulatory enforcement. These developments have materially affected Bitcoin Depot’s enterprise and monetary place. Below these circumstances, the Company’s present enterprise mannequin is unsustainable.”(*11*)

Holmes continued, “After evaluating all choices, we decided to provoke this court-supervised course of to facilitate an orderly wind-down of operations and a sale of the Company’s property. We’re grateful to our prospects, suppliers, and enterprise companions for his or her help. I additionally need to thank our workers throughout the globe for his or her continued exhausting work and dedication.”(*11*)

The Company’s community of BTMs has been taken offline. Bitcoin Depot has filed a quantity of customary “first day” motions with the Court docket.(*11*)

The Company’s Canadian entities are included in the U.S. Court docket-supervised course of and it expects to start restructuring proceedings in Canada in the end. The Company’s different non-U.S. entities shall be winding down beneath relevant international legislation.(*11*)

Court docket filings and different info associated to the proceedings can be found via the Company’s claims agent at https://restructuring.ra.kroll.com/bitcoindepot, by calling the restructuring hotline at (844) 339-4117 (Toll-Free US/Canada) / + 1 (332) 232-7827 (Worldwide) or emailing BitcoinDepotInfo@ra.kroll.com.(*11*)

Vinson & Elkins LLP is serving as authorized advisor, Portage Level Companions is serving as restructuring advisor, and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to Bitcoin Depot.(*11*)

About Bitcoin Depot (*11*)

Bitcoin Depot Inc. (Nasdaq: BTM) was based in 2016 with the mission to join those that choose to use money to the broader, digital monetary system. Bitcoin Depot supplies its customers with easy, environment friendly and intuitive means of changing money into Bitcoin, which customers can deploy in the funds, spending and investing house. Customers can convert money to bitcoin at Bitcoin Depot kiosks in 47 states and at 1000’s of name-brand retail places in 31 states via its BDCheckout product. The Firm has the largest market share in North America and operates over 9,000 kiosk places globally as of August 2025. Be taught extra at www.bitcoindepot.com.(*11*)

Contacts(*11*)

Buyers(*11*)

Gateway Group, Inc. 
949-574-3860 
BTM@gateway-grp.com(*11*)

Media(*11*)

Michael Freitag / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449(*11*)

Gateway Group, Inc. 
BTM@gateway-grp.com(*11*)