Founders Fund’s Peter Thiel Invests $200 Million in Bitcoin and Ether Before Bull Run

Feb 14, 2024: According to Reuters, Peter Thiel’s Founders Fund made a significant investment in bitcoin and ether before the recent crypto bull run. Amidst growing interest in the cryptocurrency sector among Silicon Valley investors, the venture capital firm allocated $200 million to purchase these cryptocurrencies between late summer and early autumn of 2023. The investment was evenly split between bitcoin and ether, highlighting a renewed institutional engagement in the crypto market. Founders Fund began acquiring bitcoin when its price was below $30,000 and continued to accumulate both bitcoin and ether over subsequent months. This undisclosed investment underscores the increasing interest from institutional investors despite the challenges faced by the crypto sector in 2022.