Spotlight
Stripe buys Bridge Network for $1.1B
Stripe's $1.1B acquisition of Bridge Network is a rare win for VCs during a dry IPO market. This deal, announced in October 2024, marks a 200% valuation boost for Bridge since August, rewarding investors like Index Ventures and Haun Ventures. Stripe, known for its payment solutions, aims to strengthen its position in the stablecoin payments space through this deal. The transaction, pending regulatory approval, is expected to close in a few months. Patrick Collison of Stripe calls this a major move in the $160B stablecoin market.
October 27, 2024
