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Bitcoin Bancorp acquires defunct Bitcoin Depot ATMs for $620,000

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Bitcoin Bancorp has purchased a large batch of decommissioned Bitcoin Depot ATM kiosks for $620,000, according to court records. The acquired machines represent just over a quarter of Bitcoin Depot's total fleet of more than 9,200 kiosks. The sale price of under $1 million underscores the deeply discounted valuation of the defunct hardware. The transaction was recorded in court filings, suggesting the deal may be linked to insolvency or restructuring proceedings involving Bitcoin Depot.

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Bitcoin Bancorp acquires defunct Bitcoin Depot ATMs for $620,000 · ShortSingh