据多方消息披露,以太坊二层网络 Polygon 正在推进一项重大并购,计划以约 1 亿至 1.25 亿美元收购美国比特币 ATM 供应商 Coinme。知情人士向 CoinDesk 表示,这笔交易已接近完成,Architect Partners 将担任 Polygon 的财务顾问,目前双方尚未对外正式确认。
从行业影响来看,此次收购若落地,将成为以太坊扩容网络与传统加密基础设施结合的标志性案例。Coinme 是美国最早布局比特币 ATM 的公司之一,自 2014 年起运营加密货币自助终端,目前在美国 49 个州部署了超过 5 万台比特币 ATM,覆盖范围广泛,用户触达能力极强。
对于 Polygon 而言,收购 Coinme 并不仅是一次资产并购,更可能意味着打通链上生态与线下法币入口的关键一步。通过比特币 ATM 网络,Polygon 有机会将其链上应用、稳定币和支付场景,直接延伸至实体世界,有助于提升以太坊二层网络在真实使用场景中的渗透率。这一布局也被视为 Polygon 长期扩展用户入口和现实应用的重要战略。
不过,Coinme 当前正面临监管压力。上个月,美国华盛顿州金融机构部要求 Coinme 停止所有汇款相关服务,并指控其将未兑换的客户资金计入公司收入。监管机构同时要求其向客户偿还超过 800 万美元。相关调查指出,Coinme 的业务模式涉及纸质代金券兑换,当代金券未在期限内使用时,余额被公司保留。
在此背景下,Coinme 可能面临营业执照被吊销、30 万美元罚款,以及公司和 CEO Neil Bergquist 被限制从业的潜在风险。这也使得 Polygon 的收购动机更具复杂性,既可能是低估值窗口期的战略机会,也意味着需要承担合规与整合成本。
值得注意的是,Polygon 曾在 2023 年完成一轮 4.5 亿美元融资,由红杉资本印度领投,为其扩张提供了充足弹药。若此次收购最终完成,Polygon 或将成为少数同时掌控链上扩容能力与线下比特币基础设施的 EVM 网络之一。
2026 年伊始,以太坊二层竞争正从技术叙事转向真实入口之争,Polygon 的这一步,或将对整个加密生态的用户增长路径产生深远影响。
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