World’s Largest Bitcoin ATM Firm To Go Public On The Nasdaq
Bitcoin Depot is set to list on the Nasdaq under ticker symbol ‘BTM’ by Q1 2023 through an $855 million SPAC deal.Bitcoin Depot is set to become a publicly-traded company on the Nasdaq under ticker symbol BTM. The bitcoin ATM firm currently operates over 7,000 ATMs across the U.S. The company will list through a SPAC deal worth $855 million with GSRM.Bitcoin Depot, the world’s largest provider of bitcoin ATMs according to data from Coin ATM Radar, will go public on the Nasdaq through an $885 million deal with a special-purpose acquisition company (SPAC), according to a Thursday press....
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The largest cryptocurrency automated teller machine (ATM) operator, Bitcoin Depot, has revealed it has plans to go public via a special purpose acquisition company (SPAC) deal. The $885 million acquisition deal with GSR II Meteora (GSRM) will make Bitcoin Depot a publicly-traded company listed on Nasdaq.
Bitcoin Depot Reveals SPAC Deal With GSRM, Post-Transaction BTM Secures Equity Value of $885 Million
On Thursday, the U.S.-based crypto ATM operator Bitcoin Depot announced that the company will soon be a publicly-listed firm after merging with the blank check company GSR II....
Nasdaq OMX Group Inc is reportedly exploring how a blockchain-based solution could change the way shares are transferred and sold manually. The company will trial the technology in Nasdaq Private Market, a capital marketplace launched in January 2014, which sets out to connect private companies and global investors, allowing the latter to purchase shares which may eventually go public before they do so. Nasdaq chief executive Robert Greifeld told The Wall Street Journal:
Major North American bitcoin mining firm Hut 8 Mining has been approved for listing on Nasdaq under the ticker symbol HUT. The company is also listed on the Toronto Stock Exchange (TSX). Hut 8 Mining Corp. announced Thursday that its common shares have been approved to list on the Nasdaq Global Select Market (Nasdaq) under the ticker symbol HUT. Nasdaq’s website explains that the global select market “has the highest initial listing standards of any exchange in the world.” Hut 8 Mining describes itself as “one of North America’s oldest and largest....
In a feature on WIRED, Nasdaq CIO Brad Peterson shared that bitcoin technology could transform the stock market. Nasdaq is the second-largest exchange in the world based on capitalization, next to the New York Stock Exchange. In particular, Peterson and his team are working on a system that can make use of the distributed public ledger or the blockchain to track trades in private companies. However, he is also open to the idea of implementing this on public stock exchange such as the Nasdaq. Bitcoin and Stocks. Prior to this, online retail giant Overstock has already made waves in making....
Nasdaq, the world’s second-largest stock exchange in the world has utilized its Nasdaq Linq blockchain ledger technology to settle a private securities transaction of established blockchain software developer and infrastructure provider Chain.com. We believe this successful transaction marks a major advance in the global financial sector and represents a seminal moment in the application of blockchain technology,” announced Nasdaq CEO Bob Greifeld. “Through this initial application of blockchain technology, we begin a process that could revolutionize the core of capital markets....