CoinFlip Explores Potential Sale Amid Crypto Acquisition Surge Fueled by Bitcoin Rally

CoinFlip, a Chicago-based company operating over 5,500 cryptocurrency ATMs worldwide, is reportedly considering a sale as merger and acquisition activity intensifies across the digital asset industry, according to Bloomberg.

The firm is currently working with advisors to assess potential buyer interest and may seek a valuation of at least $1 billion. However, discussions are in the preliminary stages and a deal is not guaranteed.

This move comes amid a wave of high-profile crypto acquisitions in 2025, driven by Bitcoin’s price rallying above $104,000. Major players such as Kraken, Ripple, and Coinbase have completed multi-billion-dollar transactions this year, while others are pursuing acquisitions to strengthen their balance sheets or prepare for public listings.

Founded in 2015, CoinFlip has expanded beyond the U.S. into markets including Australia, New Zealand, and South Africa. The company’s network of ATMs enables users to buy and sell cryptocurrencies in person, catering to those who prefer physical transactions or lack access to online exchanges.

CoinFlip secured seed funding in 2018 from investors including Shoreline Venture Management and JetBlue’s venture capital arm.