Largest U.S. Bitcoin ATM provider wants to go public—with an $885 million SPAC

Bitcoin Depot, the largest U.S. provider of Bitcoin ATMs, announced Thursday that it plans to go public by merging with a special purpose acquisition company in an $885 million deal. The company said it hopes to merge with SPAC GSR II Meteora Acquisition Corp. by the first quarter of 2023 in a deal that will see the combined company, Bitcoin Depot Inc., listed on the Nasdaq exchange under the ticker BTM.