Payments

Bitcoin Depot set to go public

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August 25, 2022

Bitcoin Depot, a U.S.-based bitcoin ATM operator and fintech company, has teamed with a special purpose acquisition company — GSR II Meteora Acquisition Corp. — to take the company public, according to a press release.

Upon closing of the transaction, the combined company will be named Bitcoin Depot Inc. and trade on the NASDAQ under the new ticker symbol "BTM."

Bitcoin Depot enables users to convert cash into bitcoin, Ethereum and Litecoin at more than 7,000 kiosk locations in 47 U.S. states and nine Canadian provinces.

Through its BDCheckout offering, users can fund their Bitcoin Depot account with cash at more than 8,000 additional retail locations.

Bitcoin Depot's mobile app allows users to locate nearby kiosks and manage their crypto wallet.