Seeking Alpha
2023-06-30 21:54:20

Bitcoin Depot and GSR II Meteora Acquisition Corp successfully close their SPAC merger

GSR II Meteora Acquisition Corp ( NASDAQ: GSRM ) and Bitcoin Depot, said on Friday that they had successfully closed their previously announced business combination. GSRM shares rose +4% in after hours trading. Bitcoin ( BTC-USD ) climbed past $30,000 on June 21, following BlackRock's application to establish a bitcoin ETF. Traditional finance players such as Invesco ( IVZ ) and Wisdom tree ( WT ) have also filed for a spot bitcoin ETF. Bitcoin Depot, a U.S.-based bitcoin ATM provider, had agreed to go public with SPAC GSR II Meteora Acquisition Corp in August 2022. Press Release

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