TLDR Crypto · MISCELLANEOUS

PETER THIEL’S FOUNDERS FUND MADE $200 MILLION CRYPTO INVESTMENT BEFORE BULL RUN

reuters.com2 min read

Summary from the TLDR Crypto newsletter

Billionaire Peter Thiel's venture capital firm, Founders Fund, reportedly bought $200 million worth of bitcoin and ether between the end of Summer and early Autumn last year. The move represents renewed attention from institutional investors on cryptocurrencies, following the crash of 2022. It followed the hype that ensued after BlackRock initially filed for its Bitcoin ETF in mid-Summer of last year.