---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-227832"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2026-05-18T10:10:27+00:00"
generated_at: "2026-05-18T10:15:29.096146+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Bitcoin Depot files Chapter 11 to wind down; common stock likely worthless

## Summary
- Voluntary Chapter 11 petitions filed May 17, 2026, to wind down operations and facilitate asset sale.
- Regulatory environment for Bitcoin ATMs deemed unsustainable; network taken offline.
- All employees given 60-day WARN notice; executive officer terminations expected July 17, 2026.
- Ivona Smith appointed to board May 13, 2026; will serve on newly formed Restructuring Committee.
- Company warns holders of Class A common stock could experience significant or complete loss.

## SEC filing metadata
- accession: 0001193125-26-227832
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2026-05-18T10:10:27+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 2.04, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901799/000119312526227832/0001193125-26-227832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000119312526227832/d130621d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-227832
- JSON: https://secwatch.observer/filing/0001193125-26-227832.json
- Plain text: https://secwatch.observer/filing/0001193125-26-227832.txt

## Key facts
- Debt Financings
  Bitcoin Depot Inc. faced acceleration on term loan with Silverview Credit Partners, LP.
  - Instrument: term loan
  - Counterparty: Silverview Credit Partners, LP
  - Event: acceleration
  source text: The filing of the Chapter 11 Cases constitutes an event of default that automatically accelerated and increased certain obligations under the Second Amended and Restated Credit Agreement, dated as of November 1, 2024 (as amended by that certain Amendment No. 1 to Second Amended and Restated Credit Agreement, dated as of March 14, 2025, and as further amended by that certain Amendment No. 2 to Second Amended and Restated Credit Agreement, dated as of December 19, 2025, the “Term Loan Credit Agreement”), by and among Silverview Credit Partners, LP (f/k/a Silverpeak Credit Partners, LP), a Delaware limited partnership, as administrative agent, the lenders party thereto from time to time, Kiosk HoldCo LLC, a Delaware limited liability company and subsidiary of the Company, as the borrower, BT HoldCo LLC, a Delaware limited liability company and subsidiary of the Company, as holding company, and the subsidiary guarantors party thereto from time to time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901799/000119312526227832/0001193125-26-227832-index.htm
- Distress & Bankruptcy
  Bitcoin Depot Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2026-05-17).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas
  - Petition: 2026-05-17
  source text: On May 17, 2026, Bitcoin Depot Inc. (the “Company”), BCD Merger Sub LLC, BitAccess Inc., Bitcoin Depot Operating LLC, BT HoldCo LLC, BTM International Holdings 1 LLC, BTM International Holdings II LLC, Cash Ramp LLC, Digital Gold Ventures Inc., Express Vending Inc., Intuitive Software LLC, Kiosk HoldCo LLC, Kiosk Technicians, LLC, Kutt, Inc., Lux Vending Kiosk, LLC, MCA Services Group, LLC, and Mintz Assets Inc. (together with the Company, the “Debtors”) each filed voluntary petitions for relief (the “Chapter 11 Cases”) under chapter 11 (“Chapter 11”) of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to effect an orderly wind-down of the Company’s operations and facilitate a sale of its assets.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901799/000119312526227832/0001193125-26-227832-index.htm
- Executive change
  Ivona Smith was appointed as Director at Bitcoin Depot Inc..
  - Action: appointed
  - Role: Director
  source text: On May 13, 2026, the Board of Directors (the “Board”) of the Company, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Ivona Smith to the Board, effective May 13, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901799/000119312526227832/0001193125-26-227832-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.