Bitcoin Depot Initiates Voluntary Chapter 11 Bankruptcy Process
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 18 2026
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Bitcoin Depot announced that it has initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas to effect an orderly wind-down of the company's operations and facilitate a sale of its assets. The company's network of BTMs has been taken offline. Bitcoin Depot has filed a number of customary "first day" motions with the Court. The company's Canadian entities are included in the U.S. Court-supervised process and it expects to commence restructuring proceedings in Canada in due course. The company's other non-U.S. entities will be winding down under applicable foreign law.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
