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

Bottlepay allows users to make micropayments and send funds via messages on Twitter, Reddit and Discord.

By Michael Bellusci
AccessTimeIconOct 29, 2021 at 5:42 p.m. UTC
Updated May 11, 2023 at 3:58 p.m. UTC
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NYDIG is purchasing British payments startup Bottlepay for between $280 million and $300 million in stock, the company confirmed Friday.

  • 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 and 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 Bottlepay round also included “present and former” Goldman Sachs partners and digital assets firm NYDIG.
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    • Read more: Bottlepay, a Payments Startup That Lets You Send Bitcoin on Social Media, Raises $15M

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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    Michael Bellusci

    Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

    Follow @mikeybellusci on Twitter

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