Ultrathin foils are used in multiple fields, including aerospace, and precision instrument design. In this paper, CoCrNi medium-entropy alloy (MEA) ultrathin foils with terminal thicknesses of 77 μm were prepared by accumulative cold rolling at room temperature. The quasi-static tensile properties of the rolled ultrathin foils were tested. The influence of the reduction ratio and thickness values on their mechanical properties was studied through EBSD and TEM. The results showed that the CoCrNi MEA ultrathin foils exhibited excellent tensile performance when the thickness reached 160 μm, in which the tensile strength reached 1.69 GPa at a tensile elongation of 7 %. Microstructure characterization revealed that the dominant strengthening mechanism of the CoCrNi ultrathin foils were composed of grain boundary and dislocation strengthening. Specifically, when the thickness exceeded 160 μm, enhanced dislocation and grain size strengthening cause ' work hardening ', and the strength gradually increased with decreasing thickness. When the thickness was 160 μm, the strengthening effect produced by dislocation banding, twinning, and multistage twinning delivery significantly influenced the mechanical properties of the foils. When the thickness was less than 160 μm, this process mainly occurred due to the interactions of dislocation proliferation and annihilation in the grain, causing the strength to decrease gradually with decreasing thickness, thereby resulting in ' work softening '.