Bitcoin Depot Inc., the largest Bitcoin ATM operator in the US, filed for Chapter 11 bankruptcy on May 18, 2026, and shut down its entire network of more than 9,000 ATMs. The company's stock had lost over 40% in the week before the announcement. Stricter state compliance rules, transaction limits, lawsuits, and enforcement actions made the business model increasingly unsustainable, prompting voluntary proceedings to wind down operations and sell assets.
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