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Bitcoin ATM operator CoinFlip seeks to sell at a billion-dollar valuation.
Gate News bot message, Bitcoin ATM operator CoinFlip has initiated a sale process for the company. The company has hired a financial advisor to assist in finding potential buyers, with an initial valuation target set at over $1 billion.
CoinFlip was founded in 2015 and currently operates over 5,500 Bitcoin ATMs in the United States, Australia, New Zealand, South Africa, and other locations. Insiders say that discussions regarding the sale are still in the early stages.
Source: Bloomberg