Bitcoin Depot, a Bitcoin ATM operator, has sold roughly a quarter of its more than 9,200 kiosks after filing for Chapter 11 bankruptcy protection in May. Publicly traded digital asset infrastructure company Bitcoin Bancorp (BCBC) won 2,547 ATMs for $620,750 and agreed to pay an additional $110,500 for related site agreements, intellectual property, trademarks, patents, and the BitcoinDepot.com domain. Before the filing, Bitcoin Depot reported a 49% year-over-year drop in first-quarter revenue, while profit swung from $12.2 million to a $9.5 million loss. In its last full financial report before bankruptcy, for the fourth quarter of 2025, the company valued all property and equipment at more than $26 million, with 98% tied to kiosks. Bitcoin Bancorp, based in Las Vegas and formerly known as Bullet Blockchain, trades at $0.04 on OTC Markets with a market capitalization of about $18.5 million. The company said the remaining closings are expected to be completed next quarter. The sale comes as regulators step up scrutiny of crypto ATMs, with 2025 scam losses reaching $389 million, up 58% year over year.
Roughly a quarter of Bitcoin Depot’s more than 9,200 self-service terminals have been sold after the Bitcoin ATM operator filed for bankruptcy.
Bitcoin Bancorp (BCBC), a publicly traded digital asset infrastructure company, acquired 2,547 of those ATMs for $620,750. It also agreed to pay an additional $110,500 for related site agreements, intellectual property, trademarks, patents, and the BitcoinDepot.com domain.
Bitcoin Depot filed for Chapter 11 bankruptcy protection in May this year. Before that, its first-quarter revenue had fallen 49% year over year, and profit swung from $12.2 million to a $9.5 million loss.
In the company’s last full financial report before bankruptcy, covering the fourth quarter of 2025, Bitcoin Depot valued its total property and equipment at more than $26 million. Of that amount, 98% was tied to self-service terminals.
Bitcoin Bancorp is headquartered in Las Vegas and was previously known as Bullet Blockchain. The company trades on OTC Markets at $0.04, with a market capitalization of about $18.5 million. That is well below Bitcoin Depot’s peak valuation of about $400 million when it was listed on Nasdaq.
Bitcoin Bancorp said the remaining closings are expected to be completed next quarter.
Data shows crypto ATM scam losses reached $389 million in 2025, up 58% from a year earlier. The UK Financial Conduct Authority has declared crypto ATMs illegal, while regulators in Australia, Canada, and other countries have also intensified enforcement.
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