• Bitcoin Depot – a US-based Bitcoin ATM provider – announced it will start trading on Nasdaq on July 3 after partnering with the fintech company GSR II Meteora Acquisition Corp.
• The agreement between the two entities is worth $885 million and the combined organization will be renamed Bitcoin Depot Inc.
• The common stock should begin trading on July 3, 2023, under the Nasdaq ticker symbol “BTM” and its public warrant is scheduled for the same day with the abbreviation “BTMWW.”
Bitcoin Depot to List on Nasdaq
Bitcoin Depot – a US-based Bitcoin ATM provider – has announced that it will start trading on Nasdaq this week, after entering into an agreement with fintech company GSR II Meteora Acquisition Corp. The merger of these two companies is estimated to have a total value of $885 million.
Trading Under ‘BTM’ Ticker Symbol
The combined organization will be known as Bitcoin Depot Inc., and will be managed by its current team. Its common stock should start trading on Nasdaq come July 3rd under the ticker symbol ‘BTM’, while its public warrant is scheduled to debut that same day under the abbreviation ‘BTMWW’.
CEO Comments On Milestone Moment
Brandon Mintz, CEO and founder of Bitcoin Depot, commented that this move was „an important milestone and incredibly proud moment“ for his team. He also added that thanks to this additional capital from this transaction, they are well positioned with the largest market share in North America allowing them to safely bring Bitcoin to more people around the world.
Gus Garcia Excited To Support Expansion Path
Gus Garcia, co-CEO and director of GSR II Meteora Acquisition Corp., said he was excited about supporting Bitcoin Deposit’s expansion path as they are now poised for continued momentum due to being in such a highly fragmented market segment like cryptocurrency ATMs.
Conclusion
In conclusion, Bitcoin Deposit’s listing on Nasdaq marks an important milestone both for their organization as well as for cryptocurrencies in general by helping raise awareness through increased visibility and accessibility.