Bitcoin ATM Operator Bitcoin Depot Files for Bankruptcy Protection
Bitcoin ATM Operator Bitcoin Depot Files for Bankruptcy Protection
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Bitcoin Depot Inc., a significant operator of Bitcoin ATMs with over 9,000 machines, has filed for bankruptcy protection. The company's stock experienced a dramatic decline, losing more than 40% in the week leading up to the announcement and an additional 20% overnight, bringing its year-to-date loss to 67%.
BREAKING – Bitcoin Depot, Operator Of 9,000+ ATMs, Files For Bankruptcy Protection
Bitcoin Depot Inc, once the largest operator of Bitcoin ATMs in the world, watched its stock lose more than 40% in the week before Monday's bankruptcy announcement, dragging the year-to-date loss to 67%. When the filing became public, the company's shares, BTM, dropped an additional 20% in overnight trading. The NASDAQ-listed company had built its [...]