Why Bitcoin ATM Operator CoinFlip is Seeking $1 Billion Sale

Amid the burgeoning M&A activity in crypto, Chicago-based Bitcoin ATM Operator has put itself for a sale targeting $1 billion.

Published by

Sneha Agrawal

June 6, 2025

Why Bitcoin ATM Operator CoinFlip is Seeking $1 Billion Sale

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.

Also Read: Safe Establishes New Company

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.

Also Read: Paradigm Introduces New AMM Orbital

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.

Cypto ATM

Also Read: 4 Crypto Acquisition Deals Signed in a Day

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

About Author

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.