{"id":81101,"date":"2023-07-03T11:09:03","date_gmt":"2023-07-03T08:09:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81101"},"modified":"2025-09-11T20:56:09","modified_gmt":"2025-09-11T17:56:09","slug":"bitcoin-depot-makes-nasdaq-debut","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-depot-makes-nasdaq-debut\/","title":{"rendered":"Bitcoin Depot makes Nasdaq debut"},"content":{"rendered":"<p>On June 30, the operator of Bitcoin Depot ATMs announced the closing of its merger with <span data-descr=\"special purpose acquisition company\" class=\"old_tooltip\">SPAC<\/span> GSR II Meteora Acquisition Corp. This was <a href=\"https:\/\/www.globenewwire.com\/news-release\/2023\/06\/30\/2698079\/0\/en\/Bitcoin-Depot-and-GSR-II-Meteora-Acquisition-Corp-Announce-Closing-of-Business-Combination.html\">stated<\/a> in a press release.<\/p>\n<p>The deal value was $885 million. The company will be renamed Bitcoin Depot, Inc.; the existing management team will lead it. The stock and warrants under the tickers BTM and BTMWW, respectively, will begin trading on Nasdaq on July 3.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">July 3, 2023 | 17:20<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>On Nasdaq, Bitcoin Depot, Inc. shares began trading under the ticker BTM. At the peak, the price reached $6.60, after which it corrected to $3.41.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-07-03-v-17.19.24.webp\" alt=\"Snimok-ekrana-2023-07-03-v-17.19.24\" class=\"wp-image-210679\"\/><figcaption class=\"wp-element-caption\">Source: Nasdaq.<\/figcaption><\/figure>\n<\/div>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBitcoin Depot has a strong position with the largest market share in North America, and the additional capital from this deal will help support our growth opportunities, advancing our mission to safely and reliably promote Bitcoin to the masses\u201d<em>, \u2014 <\/em>said Brandon Mintz, CEO of Bitcoin Depot.<\/p>\n<\/blockquote>\n<p>Bitcoin Depot was founded in 2016. According to <a href=\"https:\/\/coinatmradar.com\/charts\/top-operators\/\">Coin ATM Radar<\/a>, the company currently operates 6,381 devices worldwide (17.6% of the total number of Bitcoin ATMs). Of these, 6,166 <a href=\"https:\/\/coinatmradar.com\/charts\/top-operators\/united-states\/\">are located<\/a> in the United States.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/cLBet9y2dgi5zJeaInDQy9PfUBhsf-OY8872dJt-595RZuSZj-tEznwt6tv3gOvX-1OQzstCS04H0O4mWkRefB8sVJRRcrvBikC1H2F0PbNgzwnZVSoZahiEX-wrZy2iVpIsbG1jXBlkZ1J3QNb2-Ks\" alt=\"Bitcoin Depot makes Nasdaq debut\"\/><figcaption class=\"wp-element-caption\">Source: Coin ATM Radar.<\/figcaption><\/figure>\n<p>In June it was reported that the number of cryptocurrency ATMs worldwide <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-atm-installation-pace-rebounds\">increased<\/a> to 35,065 units. Leading in installed Bitcoin ATMs remains the United States \u2014 30,014 (84.7%). In second place is Canada with 2,740 units or 7.6% of the total. In third place is Australia \u2014 463 (1.3%).<\/p>\n<p>In February 2023, the Coin Cloud Bitcoin ATM operator <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-atm-operator-coin-cloud-files-for-bankruptcy\">filed for bankruptcy<\/a>. The company\u2019s liabilities to around 10,000 counterparties are estimated to be between $100 million and $500 million.<\/p>\n<p>Bitcoin Depot <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-atm-operator-to-go-public-with-885-million-valuation\">announced<\/a> plans to go public in August 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 30, the operator of Bitcoin Depot ATMs announced the closing of its merger with SPAC GSR II Meteora Acquisition Corp.<\/p>\n","protected":false},"author":1,"featured_media":81102,"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-81101","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":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81101","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=81101"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81101\/revisions"}],"predecessor-version":[{"id":81103,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81101\/revisions\/81103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81102"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}