Stripe Bridge Acquisition 2024 event

Event · PageRank 0.0000

Overview

On October 20, 2024, Stripe announced it was acquiring Bridge, a stablecoin infrastructure company, for $1.1 billion — the largest acquisition in Stripe's history and, at the time, the most valuable M&A deal in the crypto industry. Bridge, founded by Zach Abrams and Sean Yu, provides APIs that let businesses issue, accept and move stablecoins, with customers including Coinbase and SpaceX. The price represented a large step up from the roughly $200 million valuation Bridge carried at its Series A. The deal closed on February 4, 2025, and Stripe positioned it as the foundation of a broader stablecoin payments push.

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Frequently asked questions

How much did Stripe pay for Bridge and when?

$1.1 billion, announced on October 20, 2024. The acquisition closed on February 4, 2025.

What does Bridge do?

Bridge provides APIs and software that let businesses accept and move stablecoin payments. Its customers have included Coinbase and SpaceX.

Why was the deal significant?

It was Stripe's largest acquisition ever and the most valuable deal in the crypto industry at the time, signalling a major payments company committing to stablecoin infrastructure.