Bitcoin ATM operator Bitcoin Depot today launched on the Nasdaq stock exchange, making it the first U.S. company of its kind to go public. 

The company—one of the largest Bitcoin ATM operators in the country—last week announced its merger with blank check company GSR II Meteora. 

Bitcoin Depot, which is listed under the ticker BTM, was trading for $3.61 per share at the time of writing, according to Nasdaq data. At one point earlier this morning, the price was as high as $6.62—a noticeable shift.

“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 [and] securely bring Bitcoin to the masses,” Bitcoin Depot founder and CEO Brandon Mintz said in the official announcement. 

Based in Atlanta, Georgia, Bitcoin Depot said it is the largest provider of Bitcoin ATMs in North America, with 6,440 kiosk locations. 

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Author: Mathew Di Salvo

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