Largest Bitcoin ATM Company Gets Ready for Stock Exchange
Bitcoin Depot is one of the larger Bitcoin ATM operators worldwide, with main activities in the USA. The company operates more than 7,000 Bitcoin ATMs only in the USA.
The stock exchange listing and more specifically in NASDAQ would be done through the SPAC process. The SPAC GSRM will be merged with Bitcoin Depot, with final valuation at $ 850 million.
This will happen probably in the Q1 of 2023 and the ticket will be “BTM”.
Depot’s revenues were over $ 600 million in the last 12 months while the net profit were $ 6 million. The new money that will derive from the company’s listing will give another boost for more acquisitions and new partnerships with larger retailers.