Bitcoin Depot, formerly North America’s largest CRYPTO ATM operator, has filed for Chapter 11 bankruptcy and taken its network of approximately 9,700 kiosks offline. CEO Alex Holmes cited increasingly stringent compliance obligations, transaction limits, and outright bans in some jurisdictions as making the business model unsustainable. This view is reinforced by a 49.2% year-over-year revenue decline in Q1 2026. The collapse reflects broader regulatory pressure on crypto ATM operators, as the FBI reported $389 million in consumer losses tied to crypto ATM fraud in 2025.
Crypto ATM Operator Bitcoin Depot Files for Bankruptcy
