What does Stripe at $160B mean for traditional IPOs?

Beyond payments, Stripe has positioned aggressively around crypto and agentic commerce as a catalyst for online spend. It acquired stablecoin orchestration platform Bridge for $1.1B, wallet infrastructure provider Privy, and is building Tempo, a payments-focused L1 blockchain being tested by Visa, Nubank, and Klarna. Its latest tender offer at $159B is a 74% increase from last year.