What happened in crypto today: Bitcoin Depot enters Chapter 11, Capital B adds 192 BTC & more
Capital B adds more Bitcoin as Bitcoin Depot has announced plans to shut down, and Bitcoin retail activity has also hit a record low.
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.
Bitcoin Depot initiates Chapter 11
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.
Capital B Bitcoin holdings increase
The same day, Capital B, a Bitcoin treasury company, added 192 more Bitcoin, bringing its total holdings to 3,135 Bitcoin. On average, the business paid €90,451 for each Bitcoin it possesses.
Additionally, a 1.82% BTC Yield YTD typically indicates that since the beginning of 2026, the company has raised the amount of Bitcoin supporting each share by 1.82%.
Bitcoin’s retail investors activity
Yet, despite this optimism, CryptoQuant revealed that the retail investor activity for Bitcoin has fallen to a record low.
The largest indication of this is the fact that, in comparison to prior years, very little Bitcoin is being transferred to Binance by small investors. According to the chart, only around 314 BTC is deposited monthly by small investors.
This is the lowest compared to the peak of 5,400 BTC deposited in 2018. Following that, 2600 BTC was deposited at the peak of 2021, 1200 BTC in March 2024, and roughly 1,000 BTC in January 2024.
This indicates that the market for Bitcoin is gradually shifting from being retail-driven to being more institutional.
The CLARITY Act advances
Finally, after months of deliberation, the CLARITY Act has secured bipartisan support at the markup and is prepared to reach the president’s desk. As expected, Senator Cynthia Lummis put it best when she said,
I pledge to you we will continue to work hard together after today and before this bill hits the floor to address that maybe 1% of the remaining issues that didn’t come to fruition before today in spite of our round-the-clock negotiations.
Final Summary
- Bitcoin Depot has initiated plans to shut down, while Capital B has added an extra 192 BTC to its treasury.
- While Bitcoin’s retail activity has hit an all-time low, the CLARITY Act is all set to reach the president’s desk for final signature.
