Solana

Million

Tornado Cash

Read

Tornado

<ul>
 <li>Billionaire Peter Thiel’s firm invests $200M in BTC and ETH, signaling market resurgence.</li>
 <li>Founders Fund re-enters the crypto arena, reflecting renewed institutional interest post-2022 challenges.</li>
 <li>Thiel’s venture capital firm renews crypto focus, aligning with his affinity for blockchain technology.</li>
</ul>
In a strategic <a href="https://www.reuters.com/technology/peter-thiels-founders-fund-made-200-million-crypto-investment-before-bull-run-2024-02-13/" target="_blank" rel="noopener noreferrer nofollow">move</a>, <a href="https://foundersfund.com/" target="_blank" rel="noopener noreferrer nofollow">Founders Fund</a>, led by billionaire Peter Thiel, re-enters the crypto space, investing $200 million in Bitcoin (BTC) and Ether (ETH) between late summer and early fall last year.&nbsp;
This allocation of funds signals Silicon Valley’s renewed confidence in cryptocurrency markets, following a tumultuous period marked by the <a href="https://cryptonewsland.com/ftx-considers-selling-anthropic-stakes-in-attempt-to-remain-afloat/" target="_blank" rel="noopener noreferrer nofollow">FTX exchange collapse</a> and regulatory scrutiny in 2022.
Founders Fund, an early institutional player in crypto, had liquidated its bitcoin holdings before the 2022 market crash, securing substantial returns. However, the latest investment, unreported until now, reveals the firm’s strategic shift back into the crypto landscape.
The move aligns with a broader trend of institutional investors returning to token investments as the crypto market steadily recovers. Bitcoin and Ether, after experiencing a significant dip in 2022, have demonstrated resilience and regained value. <a href="https://cryptonewsland.com/bitcoins-phase-3-bull-run-ath-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin recently surpassed</a> $50,000, though still below its peak of $69,000 in November 2021.
Founders Fund, renowned for early investments in companies like SpaceX and Meta, boasts over $12 billion in assets under management. With a history of strategic crypto moves, the firm initially began acquiring Bitcoin in 2014 and re-entered the market last summer, gradually accumulating both Bitcoin and Ether.
Peter Thiel, a vocal advocate for Bitcoin, views it as a store of value comparable to gold and a hedge against central banks’ monetary policies. The latest investment underscores Thiel’s continued commitment to crypto, echoing his interests in libertarianism, small government, and technological innovation.
While the average purchase prices remain undisclosed, this move positions Founders Fund as a major player in the evolving crypto landscape, emphasizing the market’s resilience and potential for substantial returns.
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ceo-warns-of-challenges-ahead-for-bitcoins-2024-halving/" rel="noopener noreferrer nofollow">CEO Warns of Challenges Ahead for Bitcoin’s 2024 Halving</a></li>
 <li><a href="https://cryptonewsland.com/bitmex-founders-fined-30m-for-illegal-operations/" rel="noopener noreferrer nofollow">BitMEX Founders Fined $30M for Illegal Operations</a></li>
 <li><a href="https://cryptonewsland.com/binance-expands-operations-in-europe-with-latest-partnership/" rel="noopener noreferrer nofollow">Binance Expands Operations in Europe With Latest Partnership&nbsp;</a></li>
 <li><a href="https://cryptonewsland.com/us-government-arrests-tornado-cash-founders-is-this-the-largest-crypto-seizure-ever/" rel="noopener noreferrer nofollow">US Government Arrests Tornado Cash Founders: Is This The Largest Crypto Seizure Ever?</a></li>
 <li><a href="https://cryptonewsland.com/ethereum-and-solana-disrupt-venture-capital-with-coinbase-backed-daodao/" rel="noopener noreferrer nofollow">Ethereum and Solana Disrupt Venture Capital With Coinbase-Backed DAODAO</a></li>
</ul>
The post <a href="https://cryptonewsland.com/founders-fund-returns-with-200-million-crypto-investment-ahead-of-bull-run/" rel="noopener noreferrer nofollow">Founders Fund Returns with $200 Million Crypto Investment Ahead of Bull Run</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Founders Fund Returns with $200 Million Crypto Investment Ahead of Bull Run

Crypto News Land

Other articles published on Feb 13, 2024

Roobet Promo Codes for 2024

Dogecoin Faces Critical Juncture Amid Symmetrical Triangle Pattern, Analyst Lays Out Two Scenario...

Bitcoin OG who called 2021 all-time high sees $600K BTC price by 2026

Bitcoin (BTC) Price Just Started a Face Ripping Rally – Anthony Scaramucci

Polkadot & Chainlink Draw Optimistic Investors; Algotech Presale Draws Crypto Whales

Franklin Templeton Joins Ethereum ETF Rally, Applies for ETF Launch

Join our free newsletter for daily crypto updates!