Public ATMs are Right Around The Corner.
Fintech Bitcoin Depot is making a deal with GSR Meteora Acquisition Corp for $885 million to make crypto ATMs public in the U.S.
GSRM will use $321 million of the cash from their trust account to operate assist Bitcoin Depot in scaling, and product development.
It is estimated that the total end value of the company is going to be $755.000.000. The equity value is estimated to be $885.000.000 and around $170 million in cash from all the proceeds.
Bitcoin Depot began its origin in 2016. The company is based in NA and their main goal is to make cash to BTC and other crypto assets conversion possible right on the streets. It already has over seve thousand ATMs in the U.S. and Canada.