Bitcoin Depot Completes $885M Merger, Goes Public on Nasdaq

Bitcoin Depot Goes Public, Allowing Investors Exposure to Crypto

Bitcoin Depot, a major cryptocurrency ATM firm in the US, has completed a merger deal with special purpose acquisition company GSR II Meteora Acquisition Corporation. The deal, costing $885 million, allows Bitcoin Depot to go public and provides investors with exposure to the company's common stock on the Nasdaq starting July 3. The merger aims to support growth opportunities and promote Bitcoin adoption in North America. Bitcoin Depot operates over 9,130 crypto ATMs across the continent. The announcement comes at a time when regulatory scrutiny of crypto firms in the US is increasing.