Polygon Nears Deal to Acquire Bitcoin ATM Operator Coinme, Transaction Value Could Reach $125 Million

**Polygon Nears Deal to Acquire U.S. Bitcoin ATM Operator Coinme for $1B-$1.25B** Polygon is close to acquiring Coinme, a U.S. Bitcoin ATM operator, with a deal value pegged between $1 billion and $1.25 billion, sources familiar with the matter said on January 9. The transaction remains in a confidential stage. The acquisition is advised by investment bank Architect Partners. Coinme—one of the earliest Bitcoin ATM operators in the U.S.—rolled out its first compliant Bitcoin kiosk in May 2014. It now operates across roughly 49 U.S. states, supporting major cryptocurrencies at offline locations like supermarkets. Polygon closed a $450 million funding round in 2023, led by Sequoia Capital India. The potential deal is viewed as a key move for the firm to expand into crypto payments and offline access points.