Largest crypto ATM operator Bitcoin Depot debuts on Nasdaq after SPAC merger

2023-7-4 19:03

Bitcoin Depot has merged with special purpose acquisition company (SPAC) GSR II Meteora (GSRM). Bitcoin Depot went ahead to also debut on Nasdaq after the merger. Bitcoin Depot shares more than doubled after debut.

Following a merger with special purpose acquisition company (SPAC) GSR II Meteora (GSRM), which was valued at $885 million in August, shares of Bitcoin Depot, the largest crypto ATM operator in the world, more than doubled on their Nasdaq debut Monday.

Bitcoin Depot, situated in Atlanta, Georgia, and trading under the ticker “BTM,” is the first provider of cryptocurrency ATMs to be listed on a significant American stock exchange.

In pre-market trading, BTM shares climbed as high as $6.60, more than double GSRM’s closing price on Friday, before tumbling to $3.39, which is still up 5% from Friday’s price.

Bitcoin Depot controls a 20% market share of ATMs

According to information from Coin ATM Radar, Bitcoin Depot operates approximately 6,000 of these machines, holding a 20% market share of ATMs in the United States and a 17.6% global share.

There is a lot of space for consolidation in the cryptocurrency ATM business because it is “highly fragmented,” according to Bitcoin Depot CEO Brandon Mintz. The company is now focusing on this area.

According to Mintz, after installing crypto ATMs in more than 2,000 Circle K convenience stores over the last two years, Bitcoin Depot is pursuing analogous installation deals with other “household name retailers.”

With the help of crypto ATMs, customers purchase cryptocurrency with cash or debit cards and wire the tokens directly to a specific wallet without using a cryptocurrency exchange. However, scammers who advertise things on websites like eBay or Craigslist with instructions for buyers to pay by depositing actual cash at an ATM have also used them.

The post Largest crypto ATM operator Bitcoin Depot debuts on Nasdaq after SPAC merger appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62132.52 (+0.46%)
Объем 24H $26.414b
Изменеия 24h: -0.89 %, 7d: 5.15 %
Cегодня L: $60790.32 - H: $62576.48
Капитализация $1223.762b Rank 1
Цена в час новости $ 31119.48 (99.66%)

depot bitcoin nasdaq spac debut merger ahead

Источник: coinjournal.net

depot bitcoin → Результатов: 51


Фото:

Оператор криптоматов выйдет на фондовый рынок

Крупнейший в Северной Америке оператор криптовалютных банкоматов - Bitcoin Depot - планирует получить публичный статус с капитализацией в $885 млн через слияние со SPAC GSR II Meteora Acquisition Corp. Об этом пишет The Wall Street Journal.

2022-8-26 10:09


Оператор биткоин-банкоматов выйдет на фондовый рынок с оценкой в $885 млн

Крупнейший в Северной Америке оператор криптовалютных банкоматов — Bitcoin Depot — планирует получить публичный статус с капитализацией в $885 млн через слияние со SPAC GSR II Meteora Acquisition Corp.

2022-8-26 15:38


Фото:

Bitcoin Depot breaks record with most ATMs in the world

Bitcoin Depot, the biggest cryptocurrency ATM operator worldwide, announced their 7,000th Bitcoin ATM has recently been deployed in North America, Invezz learned from a press release. Brandon Mintz, president and CEO of Bitcoin Depot commented: It’s no doubt the crypto market has captured mainstream interest, and the demand from consumers and retail industry giants continues […] The post Bitcoin Depot breaks record with most ATMs in the world appeared first on Invezz.

2022-3-16 10:19


Koмпaния пo пpoизвoдcтву кpиптoбaнкoмaтoв вoшлa в чиcлo быcтpopacтущиx фиpм

Koмпaния Bitcoin Depot, oбcлуживaющaя ceть кpиптoвaлютныx бaнкoмaтoв, в 2021 гoду cтaлa oдним из caмыx быcтpopacтущиx чacтныx пpeдпpиятий в CШA. Opгaнизaция вoшлa в peйтинг 5000 caмыx быcтpopacтущиx кoмпaний Aмepики пo вepcии жуpнaлa Inc.

2021-9-5 16:00


Circle K paзмeщaeт биткoйн-ATM в cвoиx кpуглocутoчныx мaгaзинax

Kpупный oпepaтop биткoйн-бaнкoмaтoв Bitcoin Depot пoдпиcaл дoлгocpoчнoe пapтнёpcкoe coглaшeниe c ceтью кpуглocутoчныx мaгaзинoв Circle K для уcтaнoвки биткoйн-киocкoв нa тeppитopии CШA и Kaнaды. Coглacнo пpecc-peлизу кoмпaнии, бoлee 700 биткoйн-бaнкoмaтoв ужe уcтaнoвлeны в пунктax Circle K в З0 штaтax CШA.

2021-7-24 11:00


Bitcoin Depot установит биткоин-банкоматы в магазинах США и Канады

Оператор криптовалютных банкоматов Bitcoin Depot объявил о партнерстве с компанией Circle K, в рамках которого в магазинах сети в США и Канаде установят биткоин-ATM. Bitcoin Depot® is happy to announce our long-term partnership with Circle K! We can’t wait to keep expanding and are happy to have Circle K involved in that goal.

2021-7-24 16:49


Сеть биткоин-банкоматов в США начала отключать устройства из-за коронавируса

Крупнейший оператор биткоин-ATM в США Bitcoin Depot отключает некоторые из них для предотвращения распространения эпидемии COVID-19. Об этом сообщает Cointelegraph. В первую очередь это касается устройств, установленных в местах с высоким трафиком, чтобы способствовать дистанцированию людей в условиях эпидемии.

2020-4-5 20:39


Cryptocurrency ATM Network Bitcoin Depot Acquires Texas-Based Competitor, DFW Bitcoin in First-of-its-Kind Acquisition

Bitcoin Depot strengthens their leadership position in the market through acquisition and signals major growth in the cryptocurrency ATM industry. ATLANTA, GA, August 7, 2019: Bitcoin Depot, a cryptocurrency ATM network based in Atlanta, Georgia, today announced the acquisition of a competitor, DFW Bitcoin.

2019-8-14 22:35


Чикаго устанавливает криптоматы

Компания Atlasta Lux Vending, которая взяла на себя ответственность по установке криптоматов, производит сервисное обслуживание аналогичных девайсов в восемнадцати штатах. Криптоматам дано название Bitcoin Depot, и основное их количество разместится на заправочных станциях сети Shell.

2019-2-4 09:35


Фото:

Bitcoin ATMs Ignore Market Downturn, Rapidly Spread Throughout US Cities

Bitcoin ATMs continue to spread across the United States at a rapid clip.   Chicago is the latest city to see an increase in ATMs supporting both the cryptocurrency market leader and various popular altcoins — thanks to an Atlanta-based company called Lux Vending, which has dropped 30 ‘Bitcoin Depot’ ATMs throughout the Chicago already this year.

2019-1-29 10:00


Bitcoin Depot Launches Affiliate Program as Part of Cryptocurrency ATM Offering

CoinSpeaker Bitcoin Depot Launches Affiliate Program as Part of Cryptocurrency ATM Offering Cryptocurrency ATM service Bitcoin Depot has launched an affiliate program for its leading multi-cryptocurrency ATM network, which represents an excellent passive income opportunity for crypto enthusiasts and social influencers Bitcoin Depot Launches Affiliate Program as Part of Cryptocurrency ATM Offering

2018-11-1 19:48


дальше еще 2 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SEC goes after Robinhood; KangaMoon steady as market reacts

SEC issued a Wells Notice againast Robinhood, alleging securities violations. Crypto prices reacted lower, with Bitcoin (BTC) retreating to under $64,000. KangaMoon (KANG), a new crypto project for play-to-earn and SocialFi, continued to attract investors.