Mentioned:
A publicly traded company on the Nasdaq is acquiring more Bitcoin ATMs in the United States of America.
What’s happening:
- Bitcoin Depot (NASDAQ: BTM) has officially acquired the assets of Bitcoin ATM company Pelicoin
By the numbers:
- Pelicoin owns more than 30 Bitcoin ATMs in the Gulf South region of the United States
- Bitcoin Depot currently operates more than 8,700 Bitcoin ATMs throughout America
Why it matters:
- The new purchase of Pelicoin will expand Bitcoin Depot’s network of Bitcoin ATMs in large southern states including Louisiana, Mississippi, Alabama, Tennessee and Texas
Going deeper:
- Bitcoin Depot will rebranded all of Pelicoin’s ATM into Bitcoin Depot ATMs and fully integrate their technology into Bitcoin Depot’s existing platform
The fine print:
- The exact purchase terms of the new acquisition were not publicly disclosed
