Bitcoin Bancorp Buys Thousands of Defunct Bitcoin Depot ATMs for $620,000

Bitcoin Bancorp has acquired thousands of Bitcoin Depot’s former cryptocurrency ATMs for $620,000, according to information reported by CoinDesk. Court records show that just over a quarter of Bitcoin Depot’s more than 9,200 kiosks were sold for less than $1 million. The transaction covers a substantial portion of the company’s ATM network, although the supplied records do not specify the exact number of machines included in the sale. The deal concerns Bitcoin Depot kiosks and Bitcoin Bancorp, with the reported purchase price set at $620,000. The sale provides a market update on assets from the defunct Bitcoin Depot operation and may be relevant to investors tracking Bitcoin-related infrastructure. No further terms of the transaction were provided in the source material.