An Etymological Dictionary of the German Language/Annotated/Beute
Beute (1.), feminine, ‘kneading trough, beehive,’ from Middle High German biute, feminine, Old High German biutta, feminine, with the same meaning; it presupposes Gothic *biudja. Bütte is the most nearly allied, unless the latter is of Romance origin. The derivation from Old High German biot, Gothic biuþs, Anglo-Saxon beód, ‘table,’ seems uncertain; of course Anglo-Saxon beód also means ‘dish.’
Beute (2.), feminine, ‘booty,’ from the equivalent Middle High German biute; on account of Dutch buit, Old Icelandic bŷte, ‘booty, exchange,’ hence ‘to exchange, divide,’ the t indicates that the word was borrowed. English booty is derived from the Old Icelandic bŷte, but it has also been confused with boot, ‘gain, advantage’ (see Buße). The t would have become fs, tz in High German. As t would represent the dental in Gothic, bieten, Gothic biudan cannot, according to the laws of the permutation of consonants, be allied to Beute; we must assume that the root of the latter is Gothic bût, pre-Teutonic bhū̆d. French butin, ‘booty,’ is borrowed from these cognates. Compare Old Irish buaid, ‘victory.’