• Bitcoin Depot initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas to wind down operations, pursue a sale of assets.
• The Bitcoin ATM network has been taken offline.
• The filing follows a sharp tightening in state-level compliance requirements, including transaction limits, restrictions, bans, litigation, regulatory enforcement that management said made the business model unsustainable.
• Canadian entities are included in the U.S. court-supervised process, with restructuring proceedings in Canada expected to begin in due course.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitcoin Depot Inc. published the original content used to generate this news brief on May 18, 2026, and is solely responsible for the information contained therein.