Stripe's $1.1B Crypto Investment: Bridge Acquisition Complete

Stripe Completes Acquisition of Bridge for $1.1 Billion

Stripe has finalized the $1.1 billion acquisition of Bridge, a stablecoin platform.

This represents the payment processing company’s most substantial acquisition to date, signaling a significant investment in the cryptocurrency space.

Bridge's Background and Development

Founded in 2022 by former employees of Coinbase and Square – Zach Abrams and Sean Yu – Bridge is headquartered in San Antonio, Texas.

The company developed an API designed to facilitate the acceptance of stablecoins by businesses.

Bridge secured $58 million in funding from investors including Index Ventures and Sequoia Capital, as reported by PitchBook.

Prior to the acquisition, the platform was valued at $200 million following a $40 million Series A funding round in 2024.

Stripe's Expanding Crypto Strategy

The acquisition underscores Stripe’s considerable confidence in the future of cryptocurrency.

Patrick Collison, co-founder and CEO of Stripe, stated on X (formerly Twitter) on February 5th that the growth of stablecoin adoption has been surprisingly rapid.

He anticipates that a stablecoin strategy will become essential for any organization programmatically transferring funds in the near future.

Recent Crypto Integrations by Stripe

Stripe has been actively integrating cryptocurrency into its services.

In July of the previous year, the company launched crypto purchasing options within the European Union.

Subsequently, in October, Stripe introduced a “Pay with Crypto” feature, enabling merchants to accept payments using stablecoins.

• Key Acquisition: Stripe’s purchase of Bridge for $1.1 billion.
• Bridge’s Focus: Providing an API for businesses to accept stablecoins.
• Future Outlook: Stripe anticipates widespread adoption of stablecoins for programmatic money movement.