CoinFlip Aims for $1 Billion Sale as Bitcoin ATM Network Expands

CoinFlip, a prominent Bitcoin ATM operator with over 5,500 machines globally, is reportedly exploring a sale worth up to $1 billion. The company has retained financial advisors to evaluate potential buyers and is said to be actively seeking a deal that would see it reach this significant valuation. This move comes as the industry witnesses growing confidence in Bitcoin’s market, with the expansion of Bitcoin ATMs playing a key role in driving adoption and liquidity. CoinFlip, established in 2015, boasts a strong presence with its extensive network across numerous countries. Key investors like Shoreline and JetBlue Ventures stand to gain if the sale proceeds smoothly.