Founders Fund Returns with $200 Million Crypto Investment Ahead of Bull Run

  • Billionaire Peter Thiel’s firm invests $200M in BTC and ETH, signaling market resurgence.
  • Founders Fund re-enters the crypto arena, reflecting renewed institutional interest post-2022 challenges.
  • Thiel’s venture capital firm renews crypto focus, aligning with his affinity for blockchain technology.

In a strategic move, Founders Fund, led by billionaire Peter Thiel, re-enters the crypto space, investing $200 million in Bitcoin (BTC) and Ether (ETH) between late summer and early fall last year. 

Read CRYPTONEWSLAND on Google News google news

This allocation of funds signals Silicon Valley’s renewed confidence in cryptocurrency markets, following a tumultuous period marked by the FTX exchange collapse and regulatory scrutiny in 2022.

Founders Fund, an early institutional player in crypto, had liquidated its bitcoin holdings before the 2022 market crash, securing substantial returns. However, the latest investment, unreported until now, reveals the firm’s strategic shift back into the crypto landscape.

The move aligns with a broader trend of institutional investors returning to token investments as the crypto market steadily recovers. Bitcoin and Ether, after experiencing a significant dip in 2022, have demonstrated resilience and regained value. Bitcoin recently surpassed $50,000, though still below its peak of $69,000 in November 2021.

Founders Fund, renowned for early investments in companies like SpaceX and Meta, boasts over $12 billion in assets under management. With a history of strategic crypto moves, the firm initially began acquiring Bitcoin in 2014 and re-entered the market last summer, gradually accumulating both Bitcoin and Ether.

Peter Thiel, a vocal advocate for Bitcoin, views it as a store of value comparable to gold and a hedge against central banks’ monetary policies. The latest investment underscores Thiel’s continued commitment to crypto, echoing his interests in libertarianism, small government, and technological innovation.

While the average purchase prices remain undisclosed, this move positions Founders Fund as a major player in the evolving crypto landscape, emphasizing the market’s resilience and potential for substantial returns.

Read Also

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

retik-new-banner-hor

related posts