NYDIG Purchases UK Payments Startup Bottlepay for $300M in Stock
NYDIG is purchasing British payments startup Bottlepay for between $280 million and $300 million in stock, the company confirmed Friday.
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The bitcoin investment firm closed the deal earlier this week. The Block first reported the news.
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U.K.-based Bottlepay is a global payments firm powered by the Lightning Network. Users can make micropayments of “as little as a penny” and send funds via messages on Twitter, Reddit and Discord.
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The company completed an 11 million euro ($15.4 million) funding round in February from investors, including Alan Howard, a British billionaire hedge fund manager, who is also the company’s largest shareholder.
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The Bottlepay round also included “present and former” Goldman Sachs partners and digital assets firm NYDIG.
Michael Bellusci is CoinDesk’s crypto payments reporter.
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