Bitcoin ATM operator CoinFlip is reportedly exploring a potential sale that could value the company at $1 billion, signaling renewed interest in crypto infrastructure amid a broader market rebound. Sources cited by Bloomberg on June 6 revealed that the company has hired a financial advisor to oversee the process, which remains in early stages. While a sale is not guaranteed—and the final price may fall short of the $1 billion target—the move suggests strategic consolidation is once again gaining traction in crypto.
Founded in 2015, CoinFlip operates more than 4,000 Bitcoin ATMs across the U.S., allowing users to buy and sell crypto using cash. The firm also runs an over-the-counter (OTC) trading desk and a digital asset platform serving both retail and institutional clients. According to sources, CoinFlip has recently returned to profitability—a key metric for potential buyers seeking revenue-generating infrastructure in a maturing industry.
If successful, the deal would position CoinFlip among the most valuable companies in physical crypto services. The company currently operates approximately 5,600 ATMs globally, including 4,300 in the United States, making it the second-largest operator worldwide behind Bitcoin Depot, which runs about 8,700 machines.
CoinFlip’s potential exit arrives at a time when mergers and acquisitions are accelerating across the crypto industry. As firms race to secure growth and regulatory alignment ahead of tightening oversight, CoinFlip’s move could mark another inflection point in crypto’s path toward real-world integration.
Early Backers, Fraud Risks, and Crypto M&A Momentum
CoinFlip’s rise began in 2018 with early backing from notable investors including Shoreline Venture Management, JetBlue Technology Ventures, and Heads or Tails Investments. These funds helped transform the company into a major player in the Bitcoin ATM space, bringing decentralized finance into public reach via physical kiosks.
Yet, crypto ATMs haven’t been without controversy. The sector has drawn increasing scrutiny from regulators, particularly over scams targeting elderly users. In response, U.S. lawmakers introduced the Crypto ATM Fraud Prevention Act earlier this year, aiming to establish transparency and consumer protections across the rapidly expanding industry.
CoinFlip’s sale plans coincide with a broader wave of crypto M&A activity. Since late 2024, the sector has seen a sharp uptick in dealmaking, spurred by improving regulatory clarity and renewed interest from traditional finance players. A notable example is Robinhood’s $200 million acquisition of Bitstamp, finalized on June 3, which highlights the growing appetite for crypto infrastructure among legacy firms.
Impact on Crypto ATM and Retail Infrastructure
If CoinFlip achieves a $1 billion sale, it would represent one of the largest exits ever for a Bitcoin ATM operator and could fundamentally shift how investors view retail crypto infrastructure. The deal could drive fresh capital into physical crypto access points—particularly as regulators continue to crack down on DeFi protocols and centralized exchanges.
By prioritizing compliance, accessibility, and nationwide coverage, CoinFlip may set the standard for future ATM-based platforms. Its model could become a blueprint for how real-world crypto adoption is scaled—especially as lawmakers look to balance innovation with consumer safety.
Whether or not the sale goes through, the story underscores a growing reality: crypto infrastructure, once overlooked, is now firmly in Wall Street’s sights.
Quick Facts
- CoinFlip is reportedly seeking a $1 billion valuation in a potential sale
- The company operates 5,600 Bitcoin ATMs globally, including 4,300 in the U.S.
- Early backers include JetBlue Ventures and Shoreline Venture Management
- U.S. lawmakers introduced a Crypto ATM Fraud Prevention Act this year
- Crypto M&A has surged, with Robinhood’s $200M Bitstamp deal a key example
