Bitcoin Depot plans to list on the Nasdaq under the ticker symbol ‘BTM’ in the first quarter of 2023

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Last Updated on August 26, 2022 by Bitfinsider

According to a press release issued on Thursday, Bitcoin Depot, the world’s largest provider of bitcoin ATMs according to Coin ATM Radar data, will go public on the Nasdaq through a $885 million deal with a special-purpose acquisition company (SPAC).

Bitcoin Depot currently operates over 7,000 ATMs across North America, allowing customers to easily convert fiat currency into bitcoin and other cryptocurrencies.

Following the acquisition’s completion, which is expected in the first quarter of 2023,

Bitcoin Depot will merge with GSR II Meteora Acquisition Corp (GSRM) to form Bitcoin Depot Inc., which will trade on the Nasdaq US stock exchange under the ticker symbol BTM.

According to the release, “we are always looking to expand our reach so that as many people as possible can access cryptocurrency to control their own money and conduct easier and simpler financial transactions.”

According to the release, Bitcoin Depot has generated over $623 million in revenue over the last year, with a net income of more than $6 million. While the company’s Bitcoin ATMs are already present in over 40% of the United States’ population through its 7,000 locations, the release mentions that the company has a pending application to enter New York state to expand its market reach.

“Since our inception, we’ve expanded our BTM footprint across North America, signed strategic partnerships with major retailers, and enhanced our services to provide convenient access to cryptocurrency as we aim to become a digital asset economy on-ramp destination for users to efficiently convert cash into crypto,” Mintz added.


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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