So Bloomberg's saying CoinFlip is looking to sell for around $1B? That's wild for a Bitcoin ATM operator. I mean, CoinFlip's been pretty dominant in that space, but $1B feels like a statement about how institutional money is viewing on-ramp solutions right now.



Makes sense though - if you're thinking about it, CoinFlip basically owns the retail ATM game. Thousands of machines across the US, steady customer flow, recurring revenue. Not sexy like trading platforms, but solid business fundamentals.

The fact that someone's willing to pay that much for CoinFlip says the acquirer sees real value in physical crypto infrastructure. Wonder if it's a traditional finance player trying to get into crypto, or another crypto company consolidating. Either way, it's a pretty bullish signal for the infrastructure layer of this market.
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