Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000
Published . Updated .
Just over a quarter of Bitcoin Depot’s more than 9,200 kiosks have been sold for less than $1 million, court records show.
Directly affected
- TBBK Bancorp
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- BITB BITWISE BITCOIN ETF TR
GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITU PROSHARES ULTRA BITCOIN ETF
GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITX 2X BITCOIN STRATEGY ETF
GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- GBTC GRAYSCALE BITCOIN TRUST ETF
GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Just over a quarter of Bitcoin Depot’s more than 9,200 kiosks have been sold for less than $1 million, court records show.
Source: CoinDesk
How far Bitwise Bitcoin ETF (BITB) has moved since 12 Sep 2026
Since the first closing price after “Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000,” Bitwise Bitcoin ETF (BITB) is +7.52%. The S&P 500 fund (SPY) is +0.77% over the same days, a +6.75% difference versus the market.
Who gains and who loses around Bitwise Bitcoin ETF (BITB)
Companies carried with this story
- BITB Bitwise Bitcoin ETF
For “Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000.” Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
In “Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000,” 2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GBTC Grayscale Bitcoin Trust ETF
For “Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBIT iShares Bitcoin Trust ETF
iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000.” Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ARKB Ark 21Shares Bitcoin ETF
For “Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000,” Ark 21Shares Bitcoin ETF (ARKB) is linked, with no stored direction, medium confidence. Reason on file: GA selected ARKB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise Bitcoin ETF (BITB)
Bitwise Bitcoin ETF (BITB) is the company in “Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000,” the 12 Sep 2026 this story story.
Bitwise Bitcoin ETF (BITB) is on the page because GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Proshares Ultra Bitcoin Etf (BITU): GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Bitwise Bitcoin ETF (BITB)
BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.
How strong the case is around Bitwise Bitcoin ETF (BITB)
46 out of 100
“Bitcoin Bancorp snaps up thousands of defunct Bitcoin Depot ATMs for $620,000” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.