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Founders Fund Back in Crypto: $200M Bet

Silicon Valley venture capital firm Founders Fund, co-founded by Peter Thiel, has re-entered the crypto market with a $200 million investment in Bitcoin and Ether. This move reflects renewed institutional interest in digital assets and signals a rebound for the crypto markets. Founders Fund's involvement adds credibility and boosts the mainstream adoption of cryptocurrencies.

by John Darbie
Tue, Feb 13, 2024 10:10am
in Cryptocurrency
• 2 mins read
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Founders Fund Back in Crypto: 0M Bet | FinOracle

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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.

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