Bitcoin Depot to go public via a SPAC deal

Atlanta-based crypto ATM company, Bitcoin Depot, is set to go public via a special acquisition vehicle (SPAC) at an $885 million valuation, the Wall Street Journal reports.

Founded in 2016, Bitcoin Depot boasts of more than 7,000 ATM kiosks claims in North America.

With Bitcoin Depot’s ATMs, users can receive BTC, LTC, or ETH in their wallets by inserting fiat money.

Bitcoin Depot will combine with the special acquisition company GSR II Meteora Acquisition Corp in a merger that will see Bitcoin Depot valued at $885 million.

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