NYDIG raises $1B in funding, valuation now $7B

[ad_1] On Tuesday, New York Digital Investment Group, or NYDIG, a financial institution specializing in Bitcoin financial services such as savings accounts, trading brokerages, 401(k)s, etc., announced it had secured a $1 billion equity investment led by WestCap. The funding places its valuation at nearly $7 billion. The firm has proved to be popular among institutional investors. Last year, Stone Ridge, a $10 billion asset manager, purchased 10,000 Bitcoin (BTC) via NYDIG’s services. NYDIG is also set to bring BTC adoption to over 650 U.S. banks and credit unions, as…

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NYDIG Acquires Bitcoin Lightning Payments App Bottlepay

[ad_1] NYDIG has acquired Lightning Network payments app Bottlepay to integrate the Bitcoin second-layer to its platform. “We believe that the next chapter of Bitcoin will be about Bitcoin – big B – the network,” NYDIG said. The financial terms of the deal were not disclosed. Bitcoin-focused financial services firm NYDIG announced the acquisition of payments app Bottlepay, which leverages the Bitcoin Lightning Network to make small and frequent payments feasible for businesses and consumers in Europe. The deal’s financial terms were not disclosed. “We believe that the next chapter…

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