CoinFlip, the world's second-largest Bitcoin ATM operator, is seeking a buyer in a potential deal worth 1 billion USD, according to Bloomberg.
The company has hired a financial advisor to assist in the initial phase of the sale process, but it is uncertain whether the desired price will be achieved or if the deal will be completed. CoinFlip currently operates around 5,600 cryptocurrency ATMs worldwide, of which more than 4,300 are located in the US.
This move comes amid a strong increase in M&A activity in the crypto sector since late 2024.
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Bitcoin ATM CoinFlip is seeking a resale deal worth 1 billion USD.
CoinFlip, the world's second-largest Bitcoin ATM operator, is seeking a buyer in a potential deal worth 1 billion USD, according to Bloomberg.
The company has hired a financial advisor to assist in the initial phase of the sale process, but it is uncertain whether the desired price will be achieved or if the deal will be completed. CoinFlip currently operates around 5,600 cryptocurrency ATMs worldwide, of which more than 4,300 are located in the US.
This move comes amid a strong increase in M&A activity in the crypto sector since late 2024.