Bitcoin Depot, a major cryptocurrency ATM provider in the United States, is planning to go public through a merger with a special-purpose acquisition company (SPAC). Atlanta-based Bitcoin Depot has reached a definitive agreement to merge with the SPAC GSR II Meteora (GSRM) in an $885 million deal in order to go public, the firm officially announced on Thursday. The business combination would result in Bitcoin Depot becoming a publicly listed company as the combined company — to be dubbed Bitcoin Depot Inc. — will trade on the Nasdaq under the new ticker symbol BTM. The merger has been unanimously approved …

Bitcoin Depot’s cryptocurrency ATM network continues to expand, with North American installations surpassing 5,000 for the first time amid a surge in retail adoption. With the milestone, Bitcoin Depot is once again the largest ATM network in North America, the company announced Thursday. The number of kiosks has tripled in the last six months, giving more users access to cryptocurrency transactions without requiring a bank or other third-party financial services provider. Bitcoin Depot’s partnership with Circle K convenience stores has been a major source of growth for their crypto kiosks. As Cointelegraph reported, the two companies announced in July that …

The largest Bitcoin ATM operator in the world has said it will be expanding into Circle K locations in the United States and Canada. Bitcoin Depot announced today that more than 700 of its Bitcoin ATM machines had already been installed at Circle K convenience stores in 30 U.S. states as part of the new partnership. The crypto ATM distributer said the expansion could provide underserved communities with financial access tools and attract more people to the crypto space. “Over the last year, we have watched cryptocurrency gain mainstream adoption by wealth managers and investment firms, but what about the …

Bitcoin (BTC) has attracted a lot of proponents this year, with many folks expressing positive market sentiment following the asset’s recent rise to $20,000 and beyond. Not everyone is overly bullish though. Peter Brandt, a long-time traditional market trader and chartist, said Bitcoin is bullish, but surpassing $20,000 is nothing groundbreaking as far as the charts are concerned. “New highs are always a good indicator of healthy bull trend, but other than that the new highs mean very little of technical significance,” Brandt tweeted on Wednesday. Big-even price levels sometimes draw headlines and chatter. The $5,000, $10,000, $15,000 and $20,000 …