Coinflip, a chicago-based operator of more than 5,500 cryptocurrency-money-mere machines, is investigating a potential sales as merger and acquisition activity warms up over the digital asset sector, according to Bloomberg.
The company is working with a counselor to measure the buyer interest, the report says. Coinflip could apply for at least $ 1 billion in a deal, although valuation is far from guaranteed. Discussions are still in early stages and may not result in a transaction.
Coinflip’s movement follows a wave of high profiled crypto acquisition in 2025, driven by a rally in Bitcoin’s
price. Players such as Kraken, Ripple and Coinbase have ink in the ink are worth over billions of dollars this year, with others looking at acquisitions to strengthen their balance or prepare for public lists.
Founded in 2015, Coinflip has expanded its footprint across the United States to markets such as Australia, New Zealand and South Africa. It allows users to buy and sell crypto at physical terminals, catering to customers who prefer personal transactions or lack access to digital platforms.
The company raised seed financing in 2018 from investors, including Shoreline Venture Management and Jetblue’s VC arm.
