The GSRM SPAC reportedly has over $320 million that Bitcoin Depot could use to accelerate its growth.
The CEO also added that the company plans to pursue acquisition after going public. We’re actually doing fantastic right now regardless of the market. Bitcoin Depot CEO Brandon Mintz says that despite the ongoing cryptocurrency bear market, the company has thrived as a growing number of use cases for crypto-like payments persist. and Canada with a market share of 19.1%.Īccording to data firm Coin ATM Radar, there are about 38,000 crypto ATMs installed in almost 80 countries. Bitcoin Depot has a network of over 7,000 locations across the U.S. The ATMs allow users to purchase cryptocurrencies with cash or debit cards and wire the tokens directly to a wallet of their choice without the need of having to go through a crypto exchange. The deal is expected to close by the first quarter of 2023. The merger would result in Bitcoin Depot becoming a publicly listed company that will trade on the Nasdaq under the ticker BTM. US-based cryptocurrency ATM provider, Bitcoin Depot, announced today that it has reached an agreement to merge with the SPAC GSRM in an $885 million deal to go public. Cryptocurrency ATM provider Bitcoin Depot announced that it plans to go public following a merger with the special-purpose acquisition company (SPAC) GSR II Meteora (GSRM) in a deal valued at $885 million.
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