TL;DR
CoinFlip is exploring a sale and targeting a valuation of at least $1,000M, driven by a surge in crypto sector mergers.
The company operates over 5,500 Bitcoin ATMs across the US, Australia, New Zealand, and South Africa, with strong demand in mid-adoption markets.
Bitcoin’s recovery and growing institutional interest in physical crypto assets have made CoinFlip one of the most sought-after players.
CoinFlip, one of the most internationally active Bitcoin ATM operators, is considering selling its business amid a fresh wave of acquisitions in the crypto market.
The Chicago-based company has hired a financial adviser to identify potential buyers and is aiming for a minimum valuation of $1,000M. For now, discussions are at a preliminary stage, and there’s no certainty a deal will materialize.
The Crypto M&A Boom
Bitcoin’s rally throughout 2025 has fueled a spike in mergers and acquisitions, with companies like Kraken, Coinbase, and Ripple closing deals worth over $1,000M.
In parallel, several funds and institutional investors are actively seeking to acquire small firms or publicly traded vehicles to strengthen their balance sheets with Bitcoin and other digital assets. This environment makes companies like CoinFlip particularly attractive, as they managed to survive the 2022 market crash and recover a portion of their market value.
CoinFlip Operates More Than 5,500 ATMs
Since its launch in 2015, CoinFlip has installed over 5,500 cryptocurrency ATMs in countries such as the United States, Australia, New Zealand, and South Africa. The company raised its seed funding in 2018 from backers like Shoreline Venture Management, JetBlue Technology Ventures, and Heads or Tails Investments, securing its presence in markets with strong local adoption. Although crypto ATMs have gained popularity in recent years, the industry faces growing regulatory pressure over transactions linked to fraud and scams.
CoinFlip’s potential sale coincides with several firms looking to diversify their operations ahead of going public or scaling up in emerging markets. The company offers a physical network for buying and selling Bitcoin and other cryptocurrencies with cash — a model that remains in demand in regions where access to digital financial services is still limited or where anonymous transactions remain appealing.
So far, CoinFlip has not issued public comments on its sale process. However, its scale, Bitcoin’s price rebound, and the market’s renewed interest in physical infrastructure make it one of the most coveted assets in the current crypto landscape
