Peter Thiel’s Investment Fund Holds Hundreds of Millions in Bitcoin
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Peter Thiel’s Investment Fund Holds Hundreds of Millions in Bitcoin
The Wall Street Journal reported yesterday that hundreds of millions of dollars worth of Bitcoin are held by the Founders Fund, a major American venture capital firm.
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Founders Fund was set up by Peter Thiel in 2005. Thiel is a German-born, American entrepreneur best known for co-founding PayPal and then selling it to eBay for 1.5 billion USD. He has a personal net worth of approximately 2.6 billion USD, and holds leading roles at several major companies, including a spot on the board of Facebook.
He established the fund with ... (read more)
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