NYDIG Purchases UK Payments Startup Bottlepay for $300M in Stock

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NYDIG is buying British funds startup Bottlepay for between $280 million and $300 million in inventory, the corporate confirmed Friday.

  • The bitcoin funding agency closed the deal earlier this week. The Block first reported the information.
  • U.Ok.-based Bottlepay is a worldwide funds agency powered by the Lightning Network. Users could make micropayments of “as little as a penny” and ship funds through messages on Twitter, Reddit and Discord.
  • The firm accomplished an 11 million euro ($15.4 million) funding spherical in February from buyers, together with Alan Howard, a British billionaire hedge fund supervisor, who can also be the corporate’s largest shareholder.
  • The Bottlepay spherical additionally included “present and former” Goldman Sachs companions and digital property agency NYDIG.

Read extra: Bottlepay, a Payments Startup That Lets You Send Bitcoin on Social Media, Raises $15M