Bitcoin ATM Operator CoinFlip in Talks for Possible $1 Billion Deal: Bloomberg

CoinFlip Weighs $1B Sale as Bitcoin’s Surge Spurs Crypto M&A Boom

Crypto ATM operator CoinFlip is reportedly exploring a potential sale that could value the company at over $1 billion, Bloomberg reported Thursday, as soaring bitcoin prices drive a new wave of mergers and acquisitions in the digital asset space.

Based in Chicago, CoinFlip operates more than 5,500 crypto ATMs globally. The company is said to be working with an advisor to evaluate buyer interest. Talks are still in the early stages, and a transaction is not guaranteed.

The exploration comes amid a surge in deal-making across the crypto sector in 2025, fueled by bitcoin’s rally past $104,000. Industry giants such as Kraken, Coinbase, and Ripple have each closed billion-dollar acquisitions this year, as firms position for growth or prepare for public listings.

Founded in 2015, CoinFlip has expanded its reach to international markets including Australia, New Zealand, and South Africa. Its machines allow users to buy and sell cryptocurrencies in person, serving both cash-based customers and those without access to digital platforms.

The firm raised seed capital in 2018 from Shoreline Venture Management and JetBlue’s venture investment arm.

About The Author

ctleditor

See author's posts