Bitcoin Depot Shares Tumble Premarket on Bankruptcy Filing, Plans to Shut Down

Dow Jones05-18

By Colin Kellaher

Shares of Bitcoin Depot plummeted nearly 75% in premarket trading Monday after the Bitcoin ATM operator filed for chapter 11 bankruptcy with plans to wind down its operations and sell its assets.

Bitcoin Depot said its business model has become unsustainable given significant shifts in the regulatory environment for Bitcoin ATM operators.

The Atlanta company said states have imposed increasingly stringent compliance obligations, including new transaction limits, and, in some cases, outright restrictions or bans on Bitcoin ATM operations.

Bitcoin Depot said it has taken its network of Bitcoin ATMs offline, adding that its Canadian entities are included in the U.S. court-supervised process, and that it expects to commence restructuring proceedings in Canada in due course.

Shareholders are generally wiped out in bankruptcy cases, and Bitcoin Depot shares, which closed Friday at $2.93, were recently down 74% to 77 cents in premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

May 18, 2026 05:46 ET (09:46 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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plummeted nearly 75% in premarket trading Monday after the Bitcoin ATM operator filed for chapter 11 bankruptcy with plans to wind down its operations and sell its assets. \n\n\nBitcoin Depot said its business model has become unsustainable given significant shifts in the regulatory environment for Bitcoin ATM operators. \n\n\n  The Atlanta company said states have imposed increasingly stringent compliance obligations, including new transaction limits, and, in some cases, outright restrictions or bans on Bitcoin ATM operations. \n\n\n  Bitcoin Depot said it has taken its network of Bitcoin ATMs offline, adding that its Canadian entities are included in the U.S. court-supervised process, and that it expects to commence restructuring proceedings in Canada in due course. \n\n\n  Shareholders are generally wiped out in bankruptcy cases, and Bitcoin Depot shares, which closed Friday at $2.93, were recently down 74% to 77 cents in premarket trading. \n\n\n \n\n\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 18, 2026 05:46 ET (09:46 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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