Peter Thiel’s Founders Fund back in crypto before bull run

From late summer to early fall last year, billionaire Peter Thiel's Founders Fund invested US$200mil to acquire crypto tokens. — Reuters

San Francisco: Founders Fund, the venture capital firm founded by billionaire Peter Thiel, is investing once again in bitcoin and ether, sources said, signalling Silicon Valley’s renewed interest in cryptocurrency markets.

From late summer to early fall last year, the fund invested US$200mil to acquire crypto tokens, half in bitcoin and the other half in ether, the two largest cryptocurrencies, two sources with direct knowledge of the matter told Reuters.