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Bitcoin Depot will be listed on the Nasdaq under the ticker BTM early next year.
US-based cryptocurrency ATM provider Bitcoin Depot plans to go public in the US by early 2023, according to details shared by the company. news release.
Bitcoin Depot’s next stage of growth comes after inking a deal with special purpose acquisition company GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) for an estimated $885 million equity value.
The company’s deal with Blankcheck will see it listed on the Nasdaq as Bitcoin Depot Inc., trading under the ticker symbol ‘BTM’.
Brandon Mintz, CEO and founder of Bitcoin Depot, said the announcement marks another milestone for the ATM provider as it allows more people to access and purchase Bitcoin and other cryptocurrencies. I’m here.
“We are always looking to expand our reach so that as many people as possible can access cryptocurrencies to manage their money and make financial transactions easier and simpler.,” he added.
Bitcoin Depot, the largest Bitcoin cash machine operator in North America, was founded in 2016.
The company has expanded over the years and now counts over 7,000 crypto ATM kiosks in the US and Canada. Partnerships with major retailers in the region have allowed customers to buy Bitcoin at over 8,000 locations.
Users can find ATM kiosks using the company’s mobile app. This also allows you to process transactions seamlessly and link these to your crypto wallet.
The companies expect to complete the transaction by the first quarter of 2023, subject to regulatory and shareholder approval.
