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Is US Bitcoin ATM Operator Going Public With $1 Billion Valuation a Loser?

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cryptonews.com

Bitcoin Depot is confident that its plan to go public at a $1 billion valuation through a special purpose acquisition company (SPAC) merger deal will be successful.

In an interview with Fortune, Brandon Mintz, CEO of the company that is currently the biggest operator of crypto ATMs globally, said that Bitcoin Depot's SPAC merger will not only position it to take over the sector but also consolidate the entire crypto industry.

Mintz further revealed that Bitcoin Depot intends to build on the momentum it will get from being a publicly traded company by acquiring some of its competition.

This merger, he says, will be one of the most significant M&A activities in the crypto industry. “It’s a move to allow us to consolidate the industry and be one of the first companies to do that.

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