Crypto Shares Sink. Bitcoin Depot Tumbles 74%; Upexi, Strategy Down 7%; BitMine, SBET Down About 5%; Bit Digital, MARA Down over 4%

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Crypto shares sank on Monday. Bitcoin Depot tumbled 74%; Upexi, Strategy down 7%; BitMine, SBET down about 5%; Bit Digital, MARA down over 4%.

Bitcoin Depot Inc., once the largest operator of crypto ATMs in North America, filed for bankruptcy on Monday, marking the latest major blow for a niche segment of the digital asset industry that has been in decline for several years.

Calling its business model “unsustainable,” Bitcoin Depot CEO Alex Holmes said the company would begin selling assets and winding down operations. It has already taken its network of thousands of “BTMs” that buy, sell, send, and receive Bitcoin offline.

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Bitcoin Depot Tumbles 74%; Upexi, Strategy Down 7%; BitMine, SBET Down About 5%; Bit Digital, MARA Down over 4%","media":"Tiger Newspress","content":"<html><head></head><body><p>Crypto shares sank on Monday. Bitcoin Depot tumbled 74%; Upexi, Strategy down 7%; BitMine, SBET down about 5%; Bit Digital, MARA down over 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e10a0f333272caa650bcdcfed660802\" tg-width=\"873\" tg-height=\"639\"/></p><p><a href=\"https://laohu8.com/S/BTM\">Bitcoin Depot Inc.</a>, once the largest operator of crypto ATMs in North America, filed for bankruptcy on Monday, marking the latest major blow for a niche segment of the digital asset industry that has been in decline for several years.</p><p style=\"text-align: start;\">Calling its business model “unsustainable,” Bitcoin Depot CEO Alex Holmes said the company would begin selling assets and winding down operations. It has already taken its network of thousands of “BTMs” that buy, sell, send, and receive Bitcoin offline.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Shares Sink. 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Bitcoin Depot Tumbles 74%; Upexi, Strategy Down 7%; BitMine, SBET Down About 5%; Bit Digital, MARA Down over 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-05-18 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Crypto shares sank on Monday. Bitcoin Depot tumbled 74%; Upexi, Strategy down 7%; BitMine, SBET down about 5%; Bit Digital, MARA down over 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e10a0f333272caa650bcdcfed660802\" tg-width=\"873\" tg-height=\"639\"/></p><p><a href=\"https://laohu8.com/S/BTM\">Bitcoin Depot Inc.</a>, once the largest operator of crypto ATMs in North America, filed for bankruptcy on Monday, marking the latest major blow for a niche segment of the digital asset industry that has been in decline for several years.</p><p style=\"text-align: start;\">Calling its business model “unsustainable,” Bitcoin Depot CEO Alex Holmes said the company would begin selling assets and winding down operations. It has already taken its network of thousands of “BTMs” that buy, sell, send, and receive Bitcoin offline.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MST","symbol_name":"做多杠杆+收益MSTR ETF-Defiance","start_time":0,"source_url":"","article_id":"1158681655","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158681655","pubTimestamp":1779111936,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Crypto shares sank on Monday. 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shares sank on Monday. Bitcoin Depot tumbled 74%; Upexi, Strategy down 7%; BitMine, SBET down about 5%; Bit Digital, MARA down over 4%.Bitcoin Depot Inc., once the largest operator of crypto ATMs in North America, filed for bankruptcy on Monday, marking the latest major blow for a niche segment of the digital asset industry that has been in decline for several years.Calling its business model “unsustainable,” Bitcoin Depot CEO Alex Holmes said the company would begin selling assets and winding down operations. It has already taken its network of thousands of “BTMs” that buy, sell, send, and receive Bitcoin offline.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}