'Bitcoin (BTC) ATM Operator' CoinFlip Considering Sale with $1 Billion Valuation

JH Kim

Summary

Bloomberg reported that CoinFlip, a Bitcoin (BTC) ATM operator, is considering a sale with a minimum company valuation of $1 billion.
CoinFlip holds a major Bitcoin ATM network in the United States and announced that it is currently in contact with advisory firms to secure potential buyers.
Amidst active Mergers and Acquisitions (M&A) activity within the industry, the market's interest in this planned sale is growing.

According to Bloomberg News on the 5th (local time), global Bitcoin (BTC) ATM operator CoinFlip is reportedly considering options to sell the company.

Headquartered in Chicago, United States, CoinFlip is currently engaging with advisory firms to secure potential buyers, and is pushing for a sale based on a minimum company valuation of $1 billion.

Discussions regarding this sale are still in the early stages, and Bloomberg reported, "It remains uncertain whether CoinFlip's desired valuation will actually be recognized."

CoinFlip is recognized as a company with a major Bitcoin ATM network in the United States, enhancing offline access to virtual assets.

With the recent recovery in the crypto asset market, there has been renewed activity in Mergers and Acquisitions (M&A) within the industry, and attention is focused on what outcome this sale process will yield.