Bitcoin Bancorp buys 2,300+ defunct Bitcoin Depot ATMs for $620K

Bitcoin Bancorp acquired just over a quarter of Bitcoin Depot's ~9,200 bitcoin ATMs out of the bankrupt company's estate for $620,000, according to court records (reported as under $1 million). The deal moves thousands of kiosks to a new operator at a fraction of their former value.

• The purchase covers a little over a quarter of Bitcoin Depot's fleet of more than 9,200 machines.
• Court filings show the sale went through for less than $1 million.
• No details were disclosed on where the kiosks are located or how Bitcoin Bancorp plans to operate them.