Bitcoin Depot, a key U.S.-based operator of Bitcoin ATMs, launched a voluntary Chapter 11 bankruptcy filing to facilitate an orderly wind-down and asset sale. The filing was submitted to the U.S. Bankruptcy Court for the Southern District of Texas. Concurrently, the company plans to initiate restructuring proceedings in Canada, with Canadian operations integrated into the U.S. court’s oversight. Entities outside of North America are set to be dissolved under applicable foreign laws.
On the same day, Capital B, a firm focused on Bitcoin treasury management, acquired an additional 192 Bitcoins, raising its total holdings to 3,135 BTC. The company paid approximately €90,451 per Bitcoin on average. Capital B’s year-to-date Bitcoin yield stands at 1.82%, indicating a gradual increase in Bitcoin backing per share since the start of 2026.
Despite these corporate maneuvers, retail interest in Bitcoin continues to decline sharply. Data from CryptoQuant reveals that transfers of Bitcoin to the Binance exchange by small investors have plummeted to record lows. Monthly deposits from retail holders currently hover around 314 BTC—a steep drop compared to past peaks of 5,400 BTC in 2018, 2,600 BTC in 2021, and 1,200 BTC earlier in 2024. This trend suggests a shift from retail-driven trading toward greater institutional dominance within Bitcoin markets.
The regulatory landscape is also evolving, as the CLARITY Act, aimed at providing clearer regulatory guidelines for cryptocurrencies, has gained bipartisan support through committee markup. The bill now advances toward the president’s desk for signature, promising to resolve outstanding issues following months of intensive negotiation among lawmakers. A key advocate highlighted ongoing efforts to finalize details before the bill proceeds to the legislative floor.