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Investing.com -- CoinFlip, a global Bitcoin ATM operator, is reportedly exploring a potential sale, according to Bloomberg, citing sources close to the matter. The Chicago-based company, which is in the early stages of this process, is said to be working with a financial adviser to find a potential buyer.
The company is reportedly considering seeking a minimum of $1 billion in the sale. However, it remains uncertain whether this valuation can be achieved. The sources, who requested anonymity due to the private nature of the information, emphasized that these deliberations are still in the preliminary stages and there is no guarantee they will result in a transaction.
The move comes as dealmaking activity in the cryptocurrency sector is increasing. However, the specific details of CoinFlip’s potential sale are not yet public.
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