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 bitcoin investment firm closed the deal earlier this week. The Block first reported the news. 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 Discord.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.The round also included “present and former” Goldman Sachs partners and digital assets firm NYDIG.

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