The US-based Bitcoin [BTC] ATM operator, Bitcoin Depot, has initiated a voluntary Chapter 11.
Additionally, Capital B paid €13.0 million to purchase an additional 192 BTC. At the same time, retail investor activity in Bitcoin reached record lows.
Here’s a detailed look at what happened in crypto today.
Bitcoin Depot initiates Chapter 11
In an effort to carry out a smooth wind-down of its business operations and enable the sale of its assets, Bitcoin Depot Explained on May 18 that it had initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas.
The company also expects to initiate restructuring proceedings in Canada in due course, and its Canadian entities are part of the US court-supervised process. Under applicable foreign law, the Company’s other non-U.S. entities will also be closed.
Capital B Bitcoin ownership increases
On the same day, Capital B, a Bitcoin Treasury company, added another 192 Bitcoin, bringing its total holdings to 3,135 Bitcoin. On average, the company paid $90,451 for each Bitcoin it owns.
Furthermore, a BTC YTD return of 1.82% typically indicates that the company has increased the amount of Bitcoin backing each stock by 1.82% since the start of 2026.
The activity of private investors in Bitcoin
But despite this optimism, CryptoQuant revealed that retail investor activity for Bitcoin has fallen to a record low.
The biggest indication of this is the fact that, compared to previous years, very little Bitcoin is being transferred to Binance by retail investors. According to the chart, only about 314 BTC is deposited by retail investors every month.
This is the lowest compared to the peak of 5,400 BTC deposited in 2018. After that, 2,600 BTC was deposited at the 2021 peak, 1,200 BTC in March 2024, and about 1,000 BTC in January 2024.
This indicates that the Bitcoin market is gradually shifting from a retail-driven market to a more institutional market.
The CLARITY Act is moving forward
Finally, after months of deliberation, the CLARITY Act has secured bipartisan support at the markup and is ready to reach the President’s desk. As expected, Senator Cynthia Lummis put it best when she said:
I promise you that beyond today and before this bill hits the floor, we will continue to work hard to address that perhaps 1 percent of remaining issues that did not come to fruition before today, despite our around-the-clock negotiations.
Final summary
- Bitcoin Depot has initiated plans to close, while Capital B has added an additional 192 BTC to its coffers.
- While Bitcoin retail activity is at an all-time low, the CLARITY Act is about to reach the President’s desk for final signing.