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Grab Your Share of the 300 USDT Prize Pool!HTX Creation Challenge — Post and Win 1,500U 💥 What happened in crypto today: Bitcoin Depot enters Chapter 11, Capital B adds 192 BTC & more The U.S.-based B

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What happened in crypto today: Bitcoin Depot enters Chapter 11, Capital B adds 192 BTC & more

The U.S.-based Bitcoin [BTC] ATM operator, Bitcoin Depot, has initiated a voluntary Chapter 11.

Additionally, Capital B paid €13.0 million to purchase an extra 192 BTC. At the same time, retail investor activity in Bitcoin reached a record low.

Here is a detailed look at what happened in crypto today. 

In an effort to conduct a smooth wind-down of its business operations and enable the sale of its assets, Bitcoin Depot declared on the 18th of May that it had started a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas.

The company also expects to start restructuring proceedings in Canada in due course, and its Canadian entities are part of the process overseen by the U.S. Court. Under applicable foreign law, the company’s other non-U.S. entities will also be shut down.



What happened in crypto today: Bitcoin Depot enter

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