Founders Fund Back in Crypto: $200M Bet

Venture Capital Firm Founders Fund Re-Enters Crypto Market with $200 Million Investment

Silicon Valley-based venture capital firm Founders Fund, co-founded by billionaire Peter Thiel, has made a major move back into the cryptocurrency market, signaling renewed interest in digital assets within the tech hub. According to sources familiar with the matter, the fund allocated a substantial $200 million towards crypto tokens between late summer and early fall last year, evenly split between Bitcoin and Ether, the leading cryptocurrencies.