{"id":66298,"date":"2022-08-25T15:38:02","date_gmt":"2022-08-25T12:38:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66298"},"modified":"2025-09-07T00:37:12","modified_gmt":"2025-09-06T21:37:12","slug":"bitcoin-atm-operator-to-go-public-with-885-million-valuation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-atm-operator-to-go-public-with-885-million-valuation\/","title":{"rendered":"Bitcoin ATM operator to go public with $885 million valuation"},"content":{"rendered":"<p>The largest cryptocurrency ATM operator in North America, Bitcoin Depot, plans to go public with a valuation of $885 million through a merger with SPAC GSR II Meteora Acquisition Corp. <a href=\"https:\/\/www.wsj.com\/articles\/crypto-atm-firm-bitcoin-depot-strikes-885-million-spac-deal-to-go-public-11661418001\"> The Wall Street Journal<\/a> reports.<\/p>\n<p>According to Coin ATM Radar, the firm operates 6,915 ATMs worldwide. In the United States the company accounts for 19.7% of the market, running 6,714 ATMs. The nearest competitor \u2014 CoinCloud \u2014 has 5,261 crypto ATMs (15.5%).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"349\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-08-25_153550773-1024x349.png\" alt=\"\u041e\u043f\u0435\u0440\u0430\u0442\u043e\u0440 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u0431\u0430\u043d\u043a\u043e\u043c\u0430\u0442\u043e\u0432 \u0432\u044b\u0439\u0434\u0435\u0442 \u043d\u0430 \u0444\u043e\u043d\u0434\u043e\u0432\u044b\u0439 \u0440\u044b\u043d\u043e\u043a \u0441 \u043e\u0446\u0435\u043d\u043a\u043e\u0439 \u0432 $885 \u043c\u043b\u043d\" class=\"wp-image-182861\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-08-25_153550773-1024x349.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-08-25_153550773-300x102.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-08-25_153550773-768x261.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/izobrazhenie_2022-08-25_153550773.png 1134w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>\u0414\u0430\u043d\u043d\u044b\u0435: Coin ATM Radar.<\/figcaption><\/figure>\n<p>Bitcoin Depot ATMs allow connecting to a wallet and, after verification, exchanging fiat for Bitcoin, Litecoin or Ethereum. The company has also launched a service for acquiring digital assets via a mobile app.<\/p>\n<p>Bitcoin Depot has introduced a multi-layer regulatory-compliance system that requires disclosure of additional information for large transactions.<\/p>\n<p>According to CEO Brandon Mintz, after going public the firm may consider acquiring competitors.<\/p>\n<p>Earlier in August, online broker Robinhood <a href=\"https:\/\/forklog.news\/robinhood-dobilsya-58-skidki-pri-pogloshenii-finansovogo-prilozheniya-ziglu\/\"> \u0434\u043e\u0433\u043e\u0432\u043e\u0440\u0438\u043b\u0441\u044f \u043e \u0441\u043d\u0438\u0436\u0435\u043d\u0438\u0438 \u043d\u0430 58%<\/a> price for acquiring Ziglu due to deteriorating market conditions.<\/p>\n<p>Earlier, Galaxy Digital<a href=\"https:\/\/forklog.news\/galaxy-digital-otkazalsya-ot-pokupki-kastodiana-bitgo\/\"> \u043e\u0442\u043a\u0430\u0437\u0430\u043b\u0441\u044f<\/a> from completing the BitGo acquisition.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest cryptocurrency ATM operator in North America, Bitcoin Depot, plans to go public with an $885 million valuation via a merger with SPAC GSR II Meteora Acquisition Corp, according to The Wall Street Journal.<\/p>\n","protected":false},"author":1,"featured_media":66299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1189,1211],"class_list":["post-66298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptomats","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66298"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66298\/revisions"}],"predecessor-version":[{"id":66300,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66298\/revisions\/66300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66299"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}