Tag
Alex Holmes
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Bitcoin Depot Chapter 11, Revenue Down 49%
Bitcoin Depot filed voluntary Chapter 11 on May 18, 2026, after revenue fell 49% YoY to $83.4 million and gross margin collapsed to 5.4%.
CEO Alex Holmes called the crypto‑ATM model “unsustainable” am
Bitcoin Depot Chapter 11, Revenue Down 49%
Bitcoin Depot filed voluntary Chapter 11 bankruptcy on May 18, 2026, after operating over 9,000 crypto ATM kiosks worldwide.
Q1 revenue dropped 49% YoY to $83.4 million and gross margin fell to 5.4% f