Bitcoin Depot bankruptcy sale: $26M in ATMs sold for just $620K

A once-dominant name in crypto infrastructure just changed hands for pocket change. Bitcoin Bancorp, a small digital asset company based in Las Vegas, has picked up more than 2,500 cryptocurrency ATMs through the Bitcoin Depot bankruptcy sale, paying just over $620,000 for machines that were valued at tens of millions of dollars only months earlier.

Key takeaways

• Bitcoin Bancorp acquired 2,547 Bitcoin Depot ATMs for $620,750 through the company’s Chapter 11 bankruptcy proceedings.
• Bitcoin Depot had valued its kiosks at over $26 million as recently as Q4 2025, making the sale price a steep discount.
• Bitcoin Depot filed for bankruptcy in May after revenue fell 49% in Q1, with CEO Alex Holmes blaming tighter regulation.
• Bitcoin Bancorp also paid $110,500 for intellectual property, trademarks, patents and the BitcoinDepot.com domain.
• Crypto ATM fraud losses hit $389 million in 2025, up 58% year over year, underscoring the sector’s ongoing risk profile.

Bitcoin Bancorp acquires Bitcoin Depot ATMs in bankruptcy sale

Bitcoin Bancorp won the bid for 2,547 of Bitcoin Depot’s crypto ATM kiosks, paying $620,750 through the bankruptcy court process. That price stands in sharp contrast to Bitcoin Depot’s own accounting: the company had listed its property and equipment at more than $26 million as recently as Q4 2025, meaning the machines sold for a small fraction of their last recorded book value.