Sequoia Capital to Earn Over $100M From Stripe’s Acquisition

Sequoia Capital, which holds a 16% stake in Bridge, a stablecoin platform, has the potential to earn more than $100 million as a result of Stripe’s $1.1 billion acquisition of the company. Bloomberg reported on October 29, citing individuals with knowledge of the matter, that Sequoia Capital contributed $19 million to the crypto firm’s Series […] source: https://coinscreed.com/sequoia-capital-to-earn-over-100m-from-stripe.html