Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000
Court filings show Bitcoin Bancorp purchased thousands of decommissioned Bitcoin Depot kiosks for $620,000. The machines account for just over a quarter of Bitcoin Depot’s fleet of more than 9,200 kiosks, and the transaction totaled under $1 million.
Why It Matters
The deal highlights how large portions of a major kiosk network can change hands for relatively little money, underlining the low resale value for decommissioned cryptocurrency ATMs and concentrating physical assets with a new owner. The sale also offers a concrete measure of asset disposition recorded in court documents.
Key Facts
- Buyer: Bitcoin Bancorp
- Seller/Origin of machines: Bitcoin Depot
- Price paid: $620,000
- Portion of fleet sold: Just over a quarter of the company’s kiosks
- Size of original fleet: More than 9,200 kiosks total at Bitcoin Depot’s peak, per court records},{
Bitcoin Bancorp has acquired thousands of decommissioned Bitcoin Depot kiosks in a transaction recorded in court documents. The company paid $620,000 for the machines, court records show.
Those kiosks represent just over a quarter of Bitcoin Depot’s reported fleet of more than 9,200 kiosks. The filings note the staggered sale came in for less than $1 million in total proceeds.
The machines involved in the purchase were described as defunct in the filings, and the transfer moved a substantial slice of Bitcoin Depot’s physical ATM network to Bitcoin Bancorp. Court records are the source for the transaction details and the fleet-size figures.
The sale provides a documented example of how large numbers of cryptocurrency kiosks can be transferred between operators at relatively low aggregate prices, with a single buyer taking control of a sizable portion of an existing network.
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