Bitcoin Bancorp Snaps Up 2,500 Crypto ATMs for $620K

Bitcoin Bancorp has acquired over 2,500 cryptocurrency ATMs from Bitcoin Depot for $620,000 in a bankruptcy auction. The sale represents a significant markdown of the kiosks' value, which was listed at over $26 million on Bitcoin Depot's books as of Q4 2025.

Bitcoin Depot filed for Chapter 11 bankruptcy protection in May after experiencing a 49% drop in revenue in Q1. According to CEO Alex Holmes, increasing regulatory pressure played a central role in the downturn, rendering the company's operational approach 'unsustainable.'

The acquisition provides Bitcoin Bancorp with access to a ready-made physical distribution network, potentially accelerating growth initiatives without requiring ground-up infrastructure development.