Peter Thiel’s Investment Fund Holds Hundreds of Millions in Bitcoin
Posted: Tue Jan 02, 2018 9:21 am
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)