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Silicon Valley VC Founders Fund Buys More Than $200 Million In Crypto

Mary Liu

Summary: According to Reuters citing sources, Founders Fund, the venture capital arm of PayPal founder Peter Thiel, has once again invested in Bitcoin and Ethereum, marking the rekindling of Silicon Valley venture capital's interest in the cryptocurrency market.  The source said that from late summer to early autumn last year, the fund bought more than $200 ...

According to Reuters citing sources, Founders Fund, the venture capital arm of PayPal founder Peter Thiel, has once again invested in Bitcoin and Ethereum, marking the rekindling of Silicon Valley venture capital's interest in the cryptocurrency market. 

The source said that from late summer to early autumn last year, the fund bought more than $200 million in cryptocurrencies, with Bitcoin and Ethereum accounting for about half, but the cost price was unknown.

The move by the prominent Silicon Valley venture capital firm highlights the return of some institutional investors to token investments.

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