Bitcoin Bancorp Named Successful Bidder for Key Bitcoin Depot Assets
https://www.globenewswire.com/news-release/20...ssets.html
LAS VEGAS, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Bitcoin Bancorp, Inc. (OTC: BCBC) (“Bitcoin Bancorp” or the “Company”), a diversified digital asset infrastructure and Banking-as-a-Service (BaaS) development company and holder of foundational U.S. patents related to Bitcoin ATMs, today announced that it has been designated as a successful bidder for certain key assets of Bitcoin Depot Inc. and its affiliated debtors in Chapter 11 proceedings pending before the U.S. Bankruptcy Court for the Southern District of Texas.
Under multiple agreements with Bitcoin Depot, Bitcoin Bancorp is acquiring assets that include approximately 2,446 Bitcoin ATM kiosks, associated floorspace agreements, parts inventory, intellectual property, trademarks, patents, the BitcoinDepot.com domain name and other related digital assets. The transactions were approved by the Bankruptcy Court pursuant to Section 363 of the U. S. Bankruptcy Code, under which the court-approved sales provide for acquired assets to be transferred free and clear of interests in such property, subject to the terms and conditions of the applicable Sale Order(s).
Certain portions of the transactions have already closed, and Bitcoin Bancorp is in the process of taking possession of acquired assets pursuant to the Court’s Sale Orders. Final closings remain subject to customary closing conditions. The Company currently expects the remaining closings to be completed during the upcoming quarter and expects the acquired assets to be reflected in future Company reports.
Bitcoin Depot, founded in 2016, developed into one of North America’s largest Bitcoin ATM operators and among the largest globally. According to Bitcoin Depot Inc.’s Form 10-K for the year ended December 31, 2025, Bitcoin Depot operated approximately 9,700 owned and leased kiosks across 48 U.S. states, 10 Canadian provinces and six Australian states, in addition to its BDCheckout product at approximately 16,300 retail locations. From its inception in July 2016 through December 31, 2025, Bitcoin Depot reported completing more than 4.0 million user transactions representing approximately $3.4 billion in total transaction value.
Bitcoin Bancorp believes the acquired assets could accelerate the expansion of its Bitcoin ATM infrastructure while adding technology, intellectual property and digital brand assets that complement its existing portfolio. The acquired intellectual property is expected to complement Bitcoin Bancorp’s subsidiary’s existing U.S. patents, identified as US9135787B1 and US10332205B1, while the BitcoinDepot.com domain and related digital properties would expand the Company’s online presence and customer reach.
The addition of 2,446 kiosks and related agreements could also provide Bitcoin Bancorp with a more capital-efficient path to expanding its physical infrastructure than deploying an equivalent footprint entirely through organic development. The Company believes this approach could shorten the time required to expand its network while reducing the capital and operational resources that would otherwise be required to build comparable infrastructure from the ground up.
“These transactions represent an important inflection point for Bitcoin Bancorp,” said Eric Noveshen, Executive Vice-President of Bitcoin Bancorp. “Acquiring established Bitcoin ATM infrastructure, intellectual property and digital assets through the bankruptcy process could materially accelerate our business strategy compared with building an equivalent platform entirely through organic expansion. We believe this provides Bitcoin Bancorp with an opportunity to shorten the company’s developmental timeline, the ability to deploy capital more efficiently and strengthen both the scale of the physical network and digital presence as we integrate these assets.”
Bitcoin Bancorp expects the acquired assets, once integrated, to support broader geographic access to Bitcoin ATM services, additional infrastructure for cash-to-Bitcoin transactions, technology and operational improvements, and longer-term product development connecting physical retail infrastructure with digital asset services. The Company intends to maintain its focus on compliant, transparent and user-friendly access to Bitcoin and other digital assets.
While the broader Bitcoin ATM and cryptocurrency industry continues to evolve amid increasing regulatory oversight and industry consolidation, Bitcoin Bancorp continues to believe that those conditions may create opportunities for operators with infrastructure, intellectual property, compliance capabilities and efficient cost structures. The Company intends to continue evaluating opportunities that support scalable Bitcoin ATM infrastructure and complimentary business opportunities while maintaining its focus on regulatory adherence and shareholder value.
https://www.globenewswire.com/news-release/20...ssets.html
LAS VEGAS, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Bitcoin Bancorp, Inc. (OTC: BCBC) (“Bitcoin Bancorp” or the “Company”), a diversified digital asset infrastructure and Banking-as-a-Service (BaaS) development company and holder of foundational U.S. patents related to Bitcoin ATMs, today announced that it has been designated as a successful bidder for certain key assets of Bitcoin Depot Inc. and its affiliated debtors in Chapter 11 proceedings pending before the U.S. Bankruptcy Court for the Southern District of Texas.
Under multiple agreements with Bitcoin Depot, Bitcoin Bancorp is acquiring assets that include approximately 2,446 Bitcoin ATM kiosks, associated floorspace agreements, parts inventory, intellectual property, trademarks, patents, the BitcoinDepot.com domain name and other related digital assets. The transactions were approved by the Bankruptcy Court pursuant to Section 363 of the U. S. Bankruptcy Code, under which the court-approved sales provide for acquired assets to be transferred free and clear of interests in such property, subject to the terms and conditions of the applicable Sale Order(s).
Certain portions of the transactions have already closed, and Bitcoin Bancorp is in the process of taking possession of acquired assets pursuant to the Court’s Sale Orders. Final closings remain subject to customary closing conditions. The Company currently expects the remaining closings to be completed during the upcoming quarter and expects the acquired assets to be reflected in future Company reports.
Bitcoin Depot, founded in 2016, developed into one of North America’s largest Bitcoin ATM operators and among the largest globally. According to Bitcoin Depot Inc.’s Form 10-K for the year ended December 31, 2025, Bitcoin Depot operated approximately 9,700 owned and leased kiosks across 48 U.S. states, 10 Canadian provinces and six Australian states, in addition to its BDCheckout product at approximately 16,300 retail locations. From its inception in July 2016 through December 31, 2025, Bitcoin Depot reported completing more than 4.0 million user transactions representing approximately $3.4 billion in total transaction value.
Bitcoin Bancorp believes the acquired assets could accelerate the expansion of its Bitcoin ATM infrastructure while adding technology, intellectual property and digital brand assets that complement its existing portfolio. The acquired intellectual property is expected to complement Bitcoin Bancorp’s subsidiary’s existing U.S. patents, identified as US9135787B1 and US10332205B1, while the BitcoinDepot.com domain and related digital properties would expand the Company’s online presence and customer reach.
The addition of 2,446 kiosks and related agreements could also provide Bitcoin Bancorp with a more capital-efficient path to expanding its physical infrastructure than deploying an equivalent footprint entirely through organic development. The Company believes this approach could shorten the time required to expand its network while reducing the capital and operational resources that would otherwise be required to build comparable infrastructure from the ground up.
“These transactions represent an important inflection point for Bitcoin Bancorp,” said Eric Noveshen, Executive Vice-President of Bitcoin Bancorp. “Acquiring established Bitcoin ATM infrastructure, intellectual property and digital assets through the bankruptcy process could materially accelerate our business strategy compared with building an equivalent platform entirely through organic expansion. We believe this provides Bitcoin Bancorp with an opportunity to shorten the company’s developmental timeline, the ability to deploy capital more efficiently and strengthen both the scale of the physical network and digital presence as we integrate these assets.”
Bitcoin Bancorp expects the acquired assets, once integrated, to support broader geographic access to Bitcoin ATM services, additional infrastructure for cash-to-Bitcoin transactions, technology and operational improvements, and longer-term product development connecting physical retail infrastructure with digital asset services. The Company intends to maintain its focus on compliant, transparent and user-friendly access to Bitcoin and other digital assets.
While the broader Bitcoin ATM and cryptocurrency industry continues to evolve amid increasing regulatory oversight and industry consolidation, Bitcoin Bancorp continues to believe that those conditions may create opportunities for operators with infrastructure, intellectual property, compliance capabilities and efficient cost structures. The Company intends to continue evaluating opportunities that support scalable Bitcoin ATM infrastructure and complimentary business opportunities while maintaining its focus on regulatory adherence and shareholder value.
