Bitcoin Depot Initiates Voluntary Chapter 11 Process to Facilitate an Orderly Wind-Down and Sale of the Company’s Assets
Bitcoin Depot, a leading U.S.-based Bitcoin ATM operator, has initiated voluntary Chapter 11 bankruptcy proceedings to enable an orderly wind-down of operations and a sale of its assets. Regulatory pressures, including increased compliance obligations, transaction limits, and litigation risks, have made the company's current business model unsustai…