# Bitcoin Depot

> Bitcoin Depot Inc. built a retail cash-to-bitcoin business through self-service kiosks, the Bitcoin Depot app and BDCheckout cashier transactions. Founded by Brandon Mintz in 2016, it reported about 9,700 owned and leased kiosks at year-end 2025 and $614.9 million in 2025 revenue. It filed for Chapter 11 in May 2026, took its ATM network offline and began winding down and selling assets.

- **Founded:** 2016
- **Headquarters:** Sandy Springs, United States
- **Founders:** Brandon Mintz (Founder; former CEO and executive chairman)
- **Products:** Bitcoin Depot kiosks, BDCheckout, Bitcoin Depot app, BitAccess, Kutt
- **Notable:** Completed a business combination June 30, 2023; Nasdaq trading began July 3, 2023., Converted roughly 7,000 kiosks to BitAccess software by February 2023, eliminating more than $3 million in prior annual licensing costs., Reported approximately 9,700 owned and leased kiosks at December 31, 2025.

## Products & services

- **Bitcoin Depot kiosks** — Historical self-service cash-to-bitcoin terminals in retail locations; the network was taken offline in May 2026.
- **BDCheckout** — Launched with InComm Payments: app-generated barcodes enabled cash loading at participating retail checkout counters for bitcoin purchases.
- **Bitcoin Depot app** — Mobile wallet and transaction interface supporting bitcoin purchases and BDCheckout; described as a historical offering during the wind-down.
- **BitAccess** — Kiosk software and transaction processing, including compliance and cash-management functions, used internally and supplied to other operators. Full fleet conversion was announced in 2023.
- **Kutt** — Peer-to-peer social betting platform acquired February 27, 2026 for a disclosed $4.5 million purchase price; not an ATM product.
- **ReadyBucks** — Standalone business advance platform launched March 2026 for small businesses, gig workers and independent contractors.

## Achievements

- Completed a business combination June 30, 2023; Nasdaq trading began July 3, 2023.
- Converted roughly 7,000 kiosks to BitAccess software by February 2023, eliminating more than $3 million in prior annual licensing costs.
- Reported approximately 9,700 owned and leased kiosks at December 31, 2025.
- Reported more than 4 million cumulative transactions representing about $3.4 billion through December 2025.

## Latest updates

- **2026-02** — Announced phased ID verification for every U.S. kiosk transaction; acquired Kutt on February 27.
- **2026-03** — Reported $614.9 million 2025 revenue; launched ReadyBucks; announced Alex Holmes as chairman and CEO on March 24.
- **2026-05** — Filed Chapter 11 petitions May 17 to wind down operations and sell assets; May 18 announcement confirmed the ATM network was offline.
- **2026-07** — Georgia regulator announced voluntary surrender of Bitcoin Depot Operating LLC’s money transmitter license.
- **2026-09** — Bitcoin Bancorp announced court-approved acquisitions covering approximately 2,446 kiosks and other assets; remaining closings were conditional.

## Links

- Website: https://www.bitcoindepot.com/
- LinkedIn: https://www.linkedin.com/company/bitcoin-depot/
- Twitter/X: https://twitter.com/Bitcoin_Depot
- Instagram: https://www.instagram.com/bitcoindepot/
- Facebook: https://www.facebook.com/BitcoinDepot/

---

Profile page: https://yespress.io/bitcoin-depot
Published by YesPress — https://yespress.io
Last updated: 2026-10-25