2026-01-09 02:22:56

Industry insiders reveal that Polygon is pushing forward with a major acquisition—targeting US Bitcoin ATM operator Coinme, with a deal estimated to be between $100 million and $125 million. The transaction is currently under confidentiality, with investment bank Architect Partners serving as the advisor.

Coinme is no small player. The company launched the first compliant Bitcoin self-service kiosks in the US as early as May 2014, and now has a network spanning 49 states across the country, with their supported cryptocurrencies available in offline venues like supermarkets and other retail locations.

From Polygon’s perspective, this is a strategic move. Having just completed a $450 million funding round in 2023 (led by Sequoia India), acquiring Coinme clearly indicates a long-term plan to build out crypto payments and offline traffic channels. While on-chain ecosystems are separate, the value of offline entry points like ATMs for reaching C-end users is self-evident.

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SwapWhisperer

· 10h ago

Polygon's move is indeed ruthless, directly attacking both on-chain and offline. ATM is the key entry point right now.

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PanicSeller69

· 01-09 07:53

Over 100 million dollars to acquire ATM? Polygon's move is quite aggressive. It seems they are really trying to steal traffic from offline channels.

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NFTRegretful

· 01-09 02:52

Polygon's move is really aggressive, directly using offline funds... Really, pouring over 100 million just to buy an ATM network? Feels a bit expensive, brother... Coinme should have been acquired a long time ago, it's a pity to leave it there. Polygon finally found the right people this time. Combining on-chain and off-chain, sounds nice, but actually it's just lacking a wallet, haha. Expanding to 49 states? That's true growth, more solid than any ecosystem development. Still able to leak during the confidentiality phase, how solid is this news source... But if this works out, Polygon's potential in the payments sector is truly huge. ATM might look low-end, but it's really the strongest traffic entry point, no doubt. Feels like this is what Web3 should be doing—stop just thinking about issuing tokens to cut the leeks every day. If this deal fails, it would be really awkward, over 100 million USD...

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MrRightClick

· 01-09 02:51

This move by Polygon is brilliant; finally, someone remembers the power of offline connections.

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ColdWalletGuardian

· 01-09 02:48

Alright, this big chess game, Polygon is playing quite aggressively. Building out the offline network is indeed a necessity. --- Coinme, this veteran company, covers 49 states. The acquisition for over $100 million is still a good deal. --- To be honest, Polygon's approach to go from on-chain to offline isn't flawed; it all depends on execution. --- Haha, it's another story after Sequoia's investment. The fundraising pace closely follows acquisitions. Capital really knows how to play. --- Offline ATMs are the real traffic secret. No matter how fancy the on-chain solutions are, they need to reach real users.

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