Bitcoin Depot Inc. Bankruptcy Case

Bitcoin Depot Inc., the Atlanta-based Bitcoin ATM operator that ran more than 9,000 kiosks and reported $614.9 million of 2025 revenue, is executing a court-approved sale of substantially all assets to Bitcoin Bancorp, Inc. while its First Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation moves toward a combined approval hearing adjourned to August 10, 2026 Notice of AdjournmentDkt. 470. The Debtors filed under Chapter 11 in the Southern District of Texas on May 18, 2026 (Case No. 26-90528) to wind down operations after regulatory challenges and declining revenues, pursuing recovery concurrently through a Hilco-led disposition process and a plan that channels remaining value into a Liquidation Trust.

Postpetition liquidity rests on cash-collateral authority rather than DIP financing: no debtor-in-possession loan, new-money facility, or roll-up has been sought or approved. The operative instrument is the Fourth Interim Cash Collateral Order, signed July 8, 2026, which carries forward authority to use the Term Loan Secured Parties' cash collateral under a budget with a 20% permitted variance, preserves a $17.22 million segregated Adequate Protection Account at People First Bank, and schedules a final cash-collateral hearing for July 17, 2026 Fourth Interim Cash Collateral OrderDkt. 454. Adequate protection runs to Silverview Credit Partners LP, as agent for the approximately $13.3 million, 17.00% prepetition Term Loan Facility maturing December 15, 2027, and to equipment financiers VFS LLC and NFS Leasing.

On the asset side, the court approved the sale of substantially all assets to Bitcoin Bancorp free and clear of liens under section 363(f), with consideration of $751,600 in cash, $182,150 in promissory notes, and a $73,390 earnest money deposit, following a June 29, 2026 auction . Hilco Trading, LLC serves as exclusive disposition agent under a separate engagement carrying a $300,000 work fee plus 15% and 20% disposition commissions on equipment and intangible-asset sales .

The court approved sales to four winning bidders for aggregate disclosed fixed consideration of $1.43 million, plus assumed liabilities and cure costs. Bitcoin Bancorp will pay $751,600 in cash and deliver $182,150 of promissory notes under the Bitcoin Bancorp sale order. The other approved buyers are Coin Connection, with a $69,000 cash payment under its sale order; Digital Gaming Worlds Enterprises, with a $350,000 cash payment under its sale order; and Kalbas, with a $73,750 cash payment under its sale order.

Each transaction transfers its designated tangible and intangible assets, assigned contracts and related deposits and rights free and clear, subject to assumed liabilities and permitted encumbrances. Money-transmitter licenses and kiosk-derived customer identity information remain excluded. The orders authorize closing without delay but do not establish that closing has occurred. Approval moves the case beyond auction risk to transaction closing, contract cures and the conversion of the operating asset packages into proceeds available for the estates’ next restructuring phase.

Bitcoin Depot Inc.

Bitcoin Depot Inc.

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Court approves four winning bids for Bitcoin Depot asset packages

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