World’s largest crypto ATM operator Bitcoin Depot debuts on Nasdaq after SPAC merger

Bitcoin Depot, the world’s largest crypto ATM operator, has debuted on the Nasdaq following a merger with special purpose acquisition company (SPAC) GSR II Meteora (GSRM) that was valued at $885 million in August.

Shares of Bitcoin Depot has more than doubled on Monday.

Bitcoin Depot, trading under the ticker “BTM,” is the first crypto ATM operator to list on a major U.S. stock market.

Bitcoin Depot operates over 6,000 such machines, representing a 20% market share of ATMs in the U.S. and a 17.6% global share.

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