Bitcoin ATM Operator Achieves Milestone: Listed on Nasdaq, Price Doubles!

  • Bitcoin Depot, the largest Bitcoin ATM operator in the world, has been listed on Nasdaq and its share price has doubled before market opening.
  • The listing comes after the merger between Bitcoin Depot and GSR II Meteora, worth $885 million.
  • Bitcoin Depot is the first Bitcoin ATM operator to be listed on a major US exchange.

Bitcoin Depot, the world’s largest Bitcoin ATM operator, has made its debut on the Nasdaq technology exchange. The listing follows the merger between Bitcoin Depot and GSR II Meteora, valued at $885 million. Following the listing, Bitcoin Depot shares have doubled in value compared to the previous day’s closing price.

Bitcoin Depot’s Nasdaq Listing

Bitcoin Depot has become the first Bitcoin ATM operator to be listed on a major US exchange. With over 7,500 cryptocurrency ATMs in operation in the US and Canada, the company has experienced rapid growth in line with the increasing popularity of cryptocurrencies.

The Merger and Expansion

The recent merger with GSR II Meteora has further solidified Bitcoin Depot’s position in the market. The company’s expansion has not only been limited to ATM operations but also includes the launch of the Bitcoin Depot Wallet. This new addition to their product lineup has attracted attention and contributed to the company’s success.

Positive Outlook and Milestone Achievement

Brandon Mintz, the CEO of Bitcoin Depot, expressed his optimism about the recent developments. He stated that the completion of the merger and the listing on Nasdaq are significant milestones for the entire Bitcoin Depot team. The additional capital raised from this transaction will support their mission of bringing Bitcoin securely to the masses and enable them to pursue numerous growth opportunities.

According to Nasdaq data, following the listing, Bitcoin Depot’s share price climbed from $3.30 to $6.60. As of now, the shares are trading at $3.43.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Whale Withdraws 1,597 ETH Worth $2.95 Million from Bybit Amidst 3-Week Accumulation of 8,201 ETH

On March 30th, COINOTAG News reported significant activity from...

BTC Seller Ratio Plummets to 0.086%: Signaling Major Price Rebound Ahead?

On March 29, COINOTAG News reported an insightful analysis...

ETH Whale Address Deposits $4.06 Million into Binance Amidst Significant Losses

In a significant development for the cryptocurrency market, whale...

Ethereum Whale Sells 4159 ETH at a Loss of $3383 Amid Market Movements

On March 29th, emerging data from COINOTAG News revealed...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img