BTM and BTMWW securities are likely to be delisted from Nasdaq and will trade only on OTC markets during the Chapter 11 process. Common stock and warrants are expected to be worthless — any remaining trading is speculative with no recovery expected for equity holders. Monitor the Section 363 asset sale process for potential creditor recoveries, but equity holders should expect zero recovery.
Price Chart
Executive Summary
Bitcoin Depot Inc. and 15 affiliated entities filed voluntary Chapter 11 petitions on May 17, 2026, to effect an orderly wind-down and sale of assets. The company's BTM network has been taken offline, all employees received WARN Act termination notices with an anticipated effective date of July 17, 2026, and the filing triggered an automatic default and acceleration of obligations under its Term Loan Credit Agreement with Silverview Credit Partners. The company explicitly warns that holders of Class A common stock could experience a significant or complete loss on their investment.
Key Facts
- Bitcoin Depot and 16 debtor entities filed voluntary Chapter 11 petitions on May 17, 2026, in the Southern District of Texas
- The Chapter 11 filing is intended to facilitate an orderly wind-down and sale of assets
- The company's network of Bitcoin ATMs has been taken offline
- All employees received 60-day WARN Act termination notices; executive officer terminations anticipated effective July 17, 2026
- The filing triggered an event of default that automatically accelerated obligations under the Term Loan Credit Agreement with Silverview Credit Partners
- Ivona Smith was appointed to the Board on May 13, 2026, and to the newly formed Restructuring Committee on May 14, 2026
- The company expects holders of Class A common stock could experience a significant or complete loss on their investment
Financial Impact
Total liabilities and assets not disclosed in the filing. The company explicitly states common stockholders face significant or complete loss. The Term Loan Credit Agreement obligations were automatically accelerated upon the Chapter 11 filing.
Risk Factors
- Complete loss of equity value — common stock and warrants expected to be worthless
- Delisting from Nasdaq following the bankruptcy filing
- Potential for litigation or contested creditor claims in the Chapter 11 process
- Uncertainty around the timing and outcome of the asset sale process
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-227832 |
| Document: d130621dex991.htm | 0001193125-26-227832 |
| Document: 0001193125-26-227832-index-headers.html | 0001193125-26-227832 |
| Document: 0001193125-26-227832-index.html | 0001193125-26-227832 |
| Document: 0001193125-26-227832.txt | 0001193125-26-227832 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 19, 2026 23w ago | 8-K | $0.0475 $0.0475 | · 0.00% | ▲ +1.00% | — |
May 18, 2026 23w ago | 8-K | $0.0475 $0.0475 | · 0.00% | ▲ +1.58% | — |
Apr 13, 2026 28w ago | EFFECT | $0.0475 $0.0475 | · 0.00% | ▲ +7.73% | — |
Apr 10, 2026 28w ago | S-1/A | $0.0475 $0.0475 | · 0.00% | ▲ +8.53% | — |
Apr 8, 2026 28w ago | 8-K | $0.0475 $0.0475 | · 0.00% | ▲ +7.57% | — |
US Market Status
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