Golden Finance reported that venture capital firm Sequoia Capital owns 16% of the stablecoin platform Bridge, and the firm is expected to gain over $100 million from Stripe's $1.1 billion acquisition of Bridge. According to insiders, Sequoia Capital invested $19 million in Bridge's Series A funding round last year. Other venture capital firms will also receive hundreds of millions in unexpected windfalls from their stakes in Bridge, including Ribbit Capital, Haun Ventures, Index Ventures, and Bedrock Fund Management. Ribbit has approximately 10% of Bridge, valued at $100 million, while Bedrock and Index Ventures each hold about 6%, and Kathryn Haun's venture capital firm holds 4%. Previously, it was reported that Stripe is acquiring the stablecoin payment platform Bridge for $1.1 billion; this marks the largest acquisition in the crypto industry to date.