[Bitcoin Depot Files for Bankruptcy and Liquidates Assets] According to The Block, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot (BTM) filed for Chapter 11 bankruptcy protection on the 18th in the Southern District Court of Texas, announcing an orderly liquidation and sale of assets. The company's CEO, Alex Holmes, stated that increasingly stringent compliance requirements across states, transaction limit restrictions, and operational bans in certain regions have made the current business model unsustainable. In April 2026, the company suffered a $3.7 million loss due to a security breach; revenue in the first quarter of 2026 declined by 49.2% year-over-year, with a net loss of $95 million. Currently, all of Bitcoin Depot's more than 9,000 Bitcoin ATMs worldwide have been taken offline, and overseas entities, including those in Canada, will also be shut down.