Bitcoin Depot, Inc.

Bitcoin Depot, the largest Bitcoin ATM operator in North America, filed for Chapter 11 bankruptcy, will wind down operations and sell assets, and has taken its entire ATM network offline. The company reported a 49% year-over-year revenue decline in Q1, swinging from a $12.2m profit to a $9.5m loss, and cited regulatory burdens. Bitcoin Depot faces lawsuits from Massachusetts and Iowa over alleged facilitation of crypto scams amid rising crypto ATM fraud, and its stock plunged about 74% on the bankruptcy news. » More on finance.yahoo.com

Scott Buchanan resigned as CEO; Alex Holmes becomes CEO and chairman of Bitcoin Depot with immediate effect. The stock trades near its 52-week low and the market capitalization is around $36.39 million. The company most recently reported revenue of $614.85 million and, according to an analysis, has more liquid assets than debt. Founder Brandon Mintz moves to a non-executive board seat. Holmes aims to drive operational stability, regulatory progress and diversification into a broader fintech platform. Analysts see a possible return to profit in 2026 (expected EPS $0.25). » More on de.investing.com

Elizabeth Simer resigned as Chief Operating Officer of Bitcoin Depot effective March 11, the company said in an 8‑K filing with the SEC. The filing gave no reasons or succession plans. The notice comes against the backdrop of a steep share price decline (16% last week, 58% year to date) and a market capitalization of about $42.2 million. Bitcoin Depot recently reported mixed results for Q4 2025, and Noble Capital cut its price target from $40 to $13 while keeping its rating at "Outperform". » More on de.investing.com