<ul data-eligibleForWebStory="true"><li>Stripe has acquired Bitcoin and crypto wallet infrastructure provider Privy to expand its Bitcoin strategy.</li><li>Privy helps companies embed Bitcoin and crypto wallets directly into their apps and websites, streamlining processes for users.</li><li>Privy was founded in 2021 by Henri Stern and Asta Li, and has raised over $40 million from investors.</li><li>The startup was last valued at $230 million in March, according to PitchBook.</li><li>Privy aims to make crypto products accessible and useful for developers through its infrastructure services.</li><li>Privy will operate independently within Stripe, similar to the previous acquisition of Bridge earlier this year.</li><li>Stripe introduced stablecoin funded accounts earlier this year in collaboration with Circle's USDC and Bridge's USDB.</li><li>Privy will power over 75 million accounts and support more than 1,000 developer teams, enabling billions in transaction volume.</li><li>Stripe aims to connect Privy's wallets with its existing money movement capabilities to enhance global financial services.</li></ul>

Stripe Acquires Startup Privy To Expand Bitcoin Strategy

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