Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000
60-second summary
Bitcoin Bancorp acquires thousands of defunct Bitcoin Depot ATMs for $620,000, representing just over a quarter of the network’s 9,200 kiosks sold for under $1 million each, according to court filings. The low‑cost bulk purchase expands Bancorp’s hardware footprint, potentially boosting its transaction volume and positioning it to capture market share as ATM demand rebounds.
Just over a quarter of Bitcoin Depot’s more than 9,200 kiosks have been sold for less than $1 million, court records show.