CoinFlip, one of the world’s largest Bitcoin ATM operators, is exploring a potential sale, according to a Bloomberg report. It has kept its valuation target atleast $1 billion, riding on the already burgeoning M&A activity in crypto.
The report further reveals that the Chicago-based crypto brand CoinFlip is already working with a financial advisor to field interest from prospective buyers amid volatitle market conditions.
This puts over 5,500 cryptocurrency ATMS of CoinFlip spread across across U.S., Australia, New Zealand, South Africa, and other markets at sale.
The Leading Bitcoin ATM Provider CoinFlip at Sale
Since its foundation in 2015, CoinFlip has become the second largest crypto ATM operator worldwide. The planned sale would imply significant liquidity for its investors – Shoreline and JetBlue Ventures.
In today’s bullish crypto climate where M&A activity for Q2 is already breaking records, CoinFlip has emerged as a prime target for acquisition. The sale also aligns with the ongoing strong interest in “on-ramp” infrastructure.
For the potential buyer of CoinFlip, certain financial statistics matter. According to an estimate, CoinFlip’s annual revenue is estimated at $79 million per year. Industry averages for Bitcoin ATMs suggest a gross profit of roughly $1,000–3,000 per machine per month, after subtracting cash costs and fees.
Thus, for whoever would buy CoinFlip’s over 5,500 ATMs, can expect gross annual profits between $66 million and $198 million (according to an estimate.)
In addition to physical ATMs, CoinFlip also offers a self-custodial Wallet app. CoinFlip’s growth has been fueled not only by expansion into diverse geographies but also by its fee-based ATM model. It has consistently generated high-margin revenue per transaction. This is typically between 4.99% and 21.9%, varying with the transaction size and location.
That steady cash flow record can further position CoinFlip as a compelling strategic asset for buyers seeking entry in Bitcoin ATMs space.
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Is the $1 Billion Sale Possible?
Achieving a $1 billion valuation for CoinFlip sale is far from guaranteed. CoinFlip buyers will need to scrutinize increasing regulations in US surrounding Bitcoin ATMs. There’s also a tight competition that Bitcoin ATMs continue to face from mobile on-ramps.
The sector continues to be plagued by certain challenges as well. According to the U.S. Federal Trade Commission, over $65 million was lost to Bitcoin ATM scams during the first half of 2024.
Several Minnesota cities have banned or heavily regulated crypto ATMs after reports of 5,500+ scam incidents. Last month, US state Arizona had come up with Bitcoin ATM operators bill to deal with such scams.
However, there are certain positive devlopments too. Romania’s postal service on Thursday launched its first Bitcoin ATM in Tulcea – rolling out kiosks in multiple cities then.
At just concluded BTC 2025 conference in Las Vegas, there were deliberations on installing Bitcoin ATMs in non-traditional places. This includes fast-food kiosks, EV charging stations, malls, and public buildings, including post offices which could boost their accessibility.
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Market Valuation Forecasts
According to the data, around 38,768 Bitcoin ATMs are now deployed worldwide. This is a 6% y-o-y increase, with the U.S. accounting for 81% of the total.
However, Coin ATM Radar reports less than 1% month-on-month installation growth in May 2025. This suggests that the market is reaching saturation in some regions.
As for the growth forecasts, the U.S. crypto ATM market – where CoinFlip operates – is projected to grow from US $181.8 mn in 2025 to nearly $4 billion by 2033 at CAGR of 47%. Globally, Fortune report predicts that this growth rate may hit 54–62% CAGR, aiming for up to $7.6 billion by 2032.
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Sneha Agrawal 
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