Filing Alert: Bitcoin Depot Chapter 11
Bitcoin Depot Inc., a Sandy Springs, GA-based operator of a network of Bitcoin ATMs, filed for Chapter 11 protection on May 18, 2026, in the U.S. Bankruptcy ...
Bitcoin Depot Inc. (fka GSR II Meteora Acquisition Corp.) and its debtor affiliates⁽¹⁾, a Sandy Springs, GA-based operator of a network of Bitcoin ATMs, filed for Chapter 11 protection on May 18 in the U.S. Bankruptcy Court for the Southern District of Texas.
The company reports $11.3 million in assets and $26.9 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-90528.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Paul E. Heath
Vinson & Elkins LLP
Email: pheath@velaw.com
Financial Advisor:
- Portage Point
Signatories:
- W. Alexander Holmes – Director
Claims Agent:
- Kroll Restructuring Administration LLC
Equity Security Holders:
- BD Investment Holdings II LLC – 100% (Class M)
- Cede & Co. – 87.496% (Class A)