Bitcoin Depot – a US-based Bitcoin ATM provider – announced it will start trading on Nasdaq on July 3 after partnering with the fintech company GSR II Meteora Acquisition Corp. 

Previous reports revealed that the agreement between the two entities is worth $885 million. 

‘BTM’ Pops up on Nasdaq

The partners announced the finalization of the special purpose acquisition company (SPAC) merger. The combined organization will be renamed Bitcoin Depot Inc. and will be run by the current management team. 

The common stock should begin trading on July 3, 2023, under the Nasdaq ticker symbol “BTM.” The public warrant is scheduled for the same day with the abbreviation “BTMWW.”

Brandon Mintz – CEO and Founder of Bitcoin Depot – described the move as “an important milestone and an incredibly proud moment” for the entire team. 

“Bitcoin Depot is well positioned with the largest market share in North America, and the additional capital from this transaction will help support our numerous growth opportunities while advancing our mission to safely, securely bring Bitcoin to the masses,” he added.

Gus Garcia – Co-CEO and Director of GSR II Meteora Acquisition Corp. – said his entity is “excited” to support Bitcoin Depot’s expansion path. He believes the latter is “poised to continue its momentum to take advantage of the highly fragmented Bitcoin ATM market” in the USA and abroad.

Thus, Bitcoin Depot adds up to the growing list of crypto-related companies that started trading on the online global marketplace – Nasdaq. Others include the popular exchange Coinbase, the cryptocurrency miners Marathon Digital and Riot Blockchain, and more.