NYDIG Purchases UK Funds Startup Bottlepay for $300M in Inventory

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.Okay.-based Bottlepay is a worldwide funds agency powered by the Lightning Community. Customers could make micropayments of “as little as a penny” and ship funds through messages on Twitter, Reddit and Discord.
  • The corporate accomplished an 11 million euro ($15.4 million) funding spherical in February from traders, together with Alan Howard, a British billionaire hedge fund supervisor, who can also be the corporate’s largest shareholder.
  • The Bottlepay spherical additionally included “current and former” Goldman Sachs companions and digital property agency NYDIG.

Learn extra: Bottlepay, a Funds Startup That Lets You Ship Bitcoin on Social Media, Raises $15M

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