Bitcoin Depot's Successful Stock Debut and Nasdaq Listing Propel Crypto ATM Operator's Growth
Bitcoin Depot, the world's largest crypto ATM operator, saw its stock rise nearly 12% in its Nasdaq debut following a merger with a special purpose acquisition company (SPAC). The Atlanta-based company, trading under the ticker "BTM," is the first crypto ATM operator to list on a major U.S. stock market. With over 6,000 machines and a significant market share, Bitcoin Depot plans to consolidate the highly fragmented crypto ATM market and expand its installations with major retailers.