Bitcoin ATM Operator Coinflip explores a potential $ 1B sale in the middle of Crypto M&A Surge: BBG
Coinflip, a Chicago -based operator over 5,500 cryptocurrency ATMs worldwide, is exploration A potential sale as a integration and extraction activity feeds throughout the digital asset sector, according to Bloomberg.
The company is working with a counselor to measure consumer interest, the report said. Coinflip can seek at least $ 1 billion in a deal, even if the appreciation is far from guaranteed. Discussions are still in the early stages and may not result in a transaction.
Coinflip’s move followed a wave of high -profile crypto acquisitions in 2025, driven by a rally at Bitcoin’s
Price. Players like Kraken, Ripple and Coinbase have ink deals that cost more than billions of dollars this year, including others who see the acquisitions to strengthen their balance sheets or prepare for public lists.
Established in 2015, Coinflip expanded its footsteps beyond the US in markets such as Australia, New Zealand and South Africa. It allows users to buy and sell crypto at physical terminals, which supplies customers who prefer human transactions or lack of access to digital platforms.
The firm has increased seed funding in 2018 from investors including Jetblue’s shoreline venture management and VC arms.
