Yahoo Finance anchors discuss news a crypto ATM firm Bitcoin Depot will go public via SPAC.

Video Transcript

JULIE HYMAN: Cryptocurrency ATM for Bitcoin Depot. Bitcoin Depot-- what a great name--

BRIAN SOZZI: Ooh!

JULIE HYMAN: --has reportedly reached a deal to go public via SPAC in an $885 million deal. That's according to the Wall Street Journal. This hits all of the great trends of 2021. We got Bitcoin. We got SPACs. We got everything that we-- you know, we have this really drying up in the SPAC pipeline, right? Both new SPACs coming to market and SPAC deals, dSPAC deals getting done. So I guess you said you used one of these things before.

BRAD SMITH: I've used a Bitcoin--

JULIE HYMAN: For a story.

BRAD SMITH: --ATM before, yes.

JULIE HYMAN: Not necessarily one of the Bitcoin Depot--

BRAD SMITH: Not mine. Not what I help-- yes, and not one of theirs. But I think for the amount of people that are holding or HODLing any type of crypto asset right now, yeah, the access for a Bitcoin ATM makes total sense. But that's if you're going to transact in it, and there needs to be more places to be able to transact with that Bitcoin, or at least, convert it into Fiat currency and then take it out somewhere.

JULIE HYMAN: Right.

BRIAN SOZZI: Yeah, our very own Myles Udland seemed excited about this one. I saw a good tweet from him this morning on it.

JULIE HYMAN: Oh, I'll have--

[BUZZER]

--to look for that.