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Bitcoin Depot (BTCD) Declares Bankruptcy, Shutters 9,276 ATM Network Nationwide
Bitcoin Depot (BTCD), the Atlanta-headquartered firm that operated the largest Bitcoin ATM infrastructure across North America, has reached its end. The company submitted Chapter 11 bankruptcy documents to the U.S. Bankruptcy Court for the Southern District of Texas this Monday and has simultaneously deactivated its complete fleet of 9,276 cryptocurrency kiosks. Following its 2023 Nasdaq debut through a merger with GSR II Meteora Acquisition Corp., the firm will now liquidate its business through bankruptcy court oversight. The financial deterioration preceding the bankruptcy filing was severe. First-quarter revenues ... (full story)
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