---
title: "Bitcoin Depot's stock plummets 71% premarket post filing Chapter 11. Plans asset sale in Texas due to regulatory issues."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286793578.md"
description: "A bitcoin company, Bitcoin Depot, headquartered in Texas, has filed for Chapter 11 bankruptcy. The company intends to sell off its assets and close down operations due to regulatory challenges. This decision comes as a result of mounting pressure from regulators, leading to the shutdown of its Bitcoin ATM network."
datetime: "2026-05-18T15:12:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286793578.md)
  - [en](https://longbridge.com/en/news/286793578.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286793578.md)
---

# Bitcoin Depot's stock plummets 71% premarket post filing Chapter 11. Plans asset sale in Texas due to regulatory issues.

A bitcoin company, Bitcoin Depot, headquartered in Texas, has filed for Chapter 11 bankruptcy. The company intends to sell off its assets and close down operations due to regulatory challenges. This decision comes as a result of mounting pressure from regulators, leading to the shutdown of its Bitcoin ATM network.

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