{"id":93279,"date":"2026-05-18T11:31:35","date_gmt":"2026-05-18T11:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=93279"},"modified":"2026-05-18T11:31:35","modified_gmt":"2026-05-18T11:31:35","slug":"bitcoin-depot-shares-crash-70-pre-market-after-nasdaq-listed-firm-files-for-chapter-11-bankruptcy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=93279","title":{"rendered":"Bitcoin Depot Shares Crash 70% Pre-Market After Nasdaq-Listed Firm Files For Chapter 11 Bankruptcy"},"content":{"rendered":"<div>\n<p><strong>Bitcoin Depot<\/strong>\u00a0<a class=\"ticker-link\" data-ticker=\"BTM\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/BTM\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BTM\">BTM<\/a>), one of the world\u2019s largest operators of <strong>Bitcoin <\/strong><a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) ATMs, said on Monday it has initiated a voluntary Chapter 11 process to wind down operations and sell off its assets.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin Depot To Close Down<\/h2>\n<p>Bitcoin Depot filed the proceedings in the U.S. Bankruptcy Court\u00a0for the Southern District of\u00a0Texas, adding that all of its network of ATMs has been taken offline.<\/p>\n<p>The firm added that its Canadian subsidiaries are included in the U.S. court process and that it will begin formal restructuring in Canada at the appropriate time.<\/p>\n<p>Bitcoin Depot CEO <strong>Alex Holmes<\/strong> stated that \u201cstringent compliance obligations\u201d imposed by states, including new transaction\u00a0limits and,\u00a0in some jurisdictions, outright restrictions\u00a0or bans on Bitcoin ATM operations, rendered the business economically \u201cunsustainable.\u201d<\/p>\n<div class=\"bz-read-next-block\"><\/div>\n<p>     data-variant=&#8221;card&#8221;<br \/>\n    &#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Depot\u00a0(NASDAQ:BTM), one of the world\u2019s largest operators of Bitcoin (CRYPTO: BTC) ATMs, said on Monday it has initiated a voluntary Chapter 11 process to wind down operations and sell off its assets. Bitcoin Depot To Close Down Bitcoin Depot filed the proceedings in the U.S. Bankruptcy Court\u00a0for the Southern District of\u00a0Texas, adding that all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-93279","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93279"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93279\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}