BITCOIN DEPOT FILES FOR BANKRUPTCY — THE CRYPTO ATM ERA UNDER PRESSURE Bitcoin Depot, once the largest crypto ATM operator in the U.S., has filed for bankruptcy, marking a major turning point for the industry. At its peak, the company operated over 9,000 machines across the United States, but recent performance has sharply deteriorated: • Q1 revenue down 49% • $9.5M loss reported • Stock down over 80% in the past year Beyond market conditions, the sector has been heavily impacted by misuse and scams: The FBI reported crypto ATM-related fraud losses reaching $389M in 2025, up 58% year-over-year, with elderly victims often targeted and tricked into depositing cash via machines. Additional pressure factors: • High transaction fees (10–20%) • Strong competition from online exchanges • Increasing regulatory scrutiny and lawsuits from U.S. states The bigger picture: What was once seen as a key onboarding bridge into crypto is now facing structural decline, as fraud risks and regulatory pressure outweigh the business model’s sustainability. #DailyOrbit $BTC