Bitcoin Depot Files Chapter 11, Shuts 9,000 ATMs as BTC Holds Near $76K

On May 18, 2026, Bitcoin Depot filed for voluntary Chapter 11 bankruptcy in the Southern District of Texas and immediately took its global network of over 9,000 Bitcoin ATMs offline to pursue an orderly wind-down and asset sale. The filing follows mounting state regulatory pressures, a March security breach that stole $3.7 million, and Q1 2026 results showing a 49.2% revenue decline with a $9.5 million net loss. Earlier on May 11, affiliate Bitcoin Bancorp engaged a PCAOB-registered auditor to prepare SEC filings and pursue an OTCQB-to-Nasdaq uplisting. With the shutdown reducing retail on-ramps, short-term sentiment for BTCUSD faces mild negative pressure as Bitcoin slid into the $76k range.