My Review:#1415109
Well this will explain the erratic trading that was happening with this stock over the last few weeks.
And the 71% dump today:
BITCOIN DEPOT COLLAPSE: Bitcoin Depot in a press release. The company also issued WARN Act notices to all employees, and a court-supervised sale of assets is now underway. The collapse was driven by state-level compliance costs, proliferating transaction limits, and outright bans on bitcoin ATMs in several jurisdictions, . Bitcoin Depot’s wind-down marks the most visible failure yet of the physical crypto retail distribution model, a business that thrived on unbanked consumers but proved unable to absorb the sustained weight of fragmented, state-by-state regulation.
Damn!! Another one bites the dust! Will dump my shares cut my losses and find another Bitcoin company to invest in.
I feel like Bitcoin ATMs never made a whole lot of sense. It seems to have been targeting a population of users that you wouldn't expect to want bitcoin; or you wouldn't advise them to own bitcoin. It was like water and oil, so to speak.
Yeah but as nothing is more private than cash it would of been nice to see ATMs pay out cash when you deposit sats
ATMs were my first experience with Bitcoin. It was pretty cool to pay cash for Bitcoin. But they were already mostly starting to kyc. I think that's mostly what killed em off.
And lawsuits for BTC scams