Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Peter Thiel’s Founders Fund invested $200 million in bitcoin and ether last year: Reuters

Peter Thiel’s Founders Fund invested $200 million in bitcoin and ether last year: Reuters

The BlockThe Block2024/02/13 09:17
By:Danny Park

The fund reportedly invested $200 million in bitcoin and ether from late summer to early fall of 2023.

Peter Thiel’s Founders Fund invested $200 million in bitcoin and ether last year: Reuters image 0

Former PayPal CEO Peter Thiel’s venture capital firm Founders Fund invested $200 million in bitcoin and ether last year.

The fund invested $100 million in each of the two largest cryptocurrencies from late summer to early fall of 2023, according to a Reuters report . Bitcoin’s price was below $30,000 at the time of the purchase.

Founders Fund reportedly began investing in Bitcoin in 2014 and made $1.8 billion by selling before the 2022 market collapse.

Thiel himself has been a longtime bitcoin advocate. During the 2021 bull run, Thiel said that he feels as though he had not invested enough in bitcoin, according to a Bloomberg report.

An early investor in SpaceX and Meta, Founders Fund has more than $12 billion in assets under management as of 2023.

His firm has also backed several crypto startups including Layer N , Ondo Finance , Block Green and others.

Founders Fund did not immediately respond to The Block’s request for further comments.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

GHO HodlerYield promotion rules

Bitget Announcement2025/08/07 10:30

New spot margin trading pair — TOWNS/USDT!

Bitget Announcement2025/08/07 09:07