The bitcoin ATM operator CoinFlip could potentially join the spate of crypto mergers and acquisitions as it seeks a buyer for a $1 billion sale, according to Bloomberg, citing people familiar with the matter.
CoinFlip enlisted the help of a financial advisor to help navigate its preliminary sale stage. Although CoinFlip aims to secure at least $1 billion for the sale, it’s not guaranteed that the firm will achieve that amount or if the sale will even proceed, according to Bloomberg’s reporting.
The Block reached out to CoinFlip for comment.
CoinFlip is the second-largest operator of cryptocurrency ATMs behind Bitcoin Depot, which maintains a total of nearly 8,700 bitcoin ATMs, data from CoinATMRadar shows. CoinFlip’s ATMs span the globe, with approximately 5,600 locations, including around 4,300 in the United States, according to the firm’s website.
In 2018, CoinFlip received seed financing from Shoreline Venture Management, JetBlue Technology Ventures, and Heads or Tails Investments.
Cryptocurrency ATMs provide individuals with a physical location to purchase, sell, or send digital assets, primarily bitcoin. While they may provide individuals a convenient way to transact cryptocurrency, bad actors employ crypto ATM scams, particularly those targeting the elderly. United States lawmakers have introduced legislation, such as the Crypto ATM Fraud Prevention Act, this year to combat this type of fraud, The Block previously reported.
Crypto M&A activity has been on the rise since at least November 2024. It continues its trend well into 2025, driven by improved regulatory clarity for the blockchain industry and renewed interest from web2 firms. Most recently, the trading app Robinhood completed its $200 million acquisition of the crypto exchange Bitstamp on June 3, The Block previously reported.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
