cyber
confidence high
sentiment negative
materiality 0.75
Bitcoin Depot loses ~50.9 BTC ($3.7M) in cybersecurity incident; deems event material
Bitcoin Depot Inc.
- Unauthorized actor transferred 50.903 Bitcoin (~$3.665M) from company wallets on or around March 23, 2026.
- Incident confined to corporate environment; no evidence customer data accessed or customer platforms affected.
- Preliminary loss estimate of $3.665M recorded; investigation ongoing with external cybersecurity experts.
- Company maintains insurance but no assurance coverage will be sufficient; full financial impact undetermined.
- Deemed material on April 6, 2026 due to potential reputational, legal, regulatory and response costs.
item 1.05item 9.01