Bitcoin Depot announced plans to become a publicly traded company on August of 2022, and on June 30, the Bitcoin ATM operator completed a merger with SPAC GSR II Meteora Acquisition Corp., which was reported in a press release.
The $885 million deal saw Bitcoin Depot be renamed to Bitcoin Depot.Inc and the new shares and public warrants obtained the tickers BTM and BTMWW, respectively, trading on the Nasdaq starting on July 3.
According to Coin ATM Radar, of the 35,065 total cryptocurrency ATMs around the world, 6381 are operated by Bitcoin Depot, 6166 of which are in the US.
About 84.7% of Bitcoin ATMs are located in the US, with Canada in second with 7.6% and Australia third at 1.3%. In February 2023, Bitcoin ATM operator Coin Cloud sadly filed for bankruptcy, with liabilities to ~10,000 counterparties estimated to be anywhere between $100 million to $500 million.
