Peter Thiel’s Fund Cashes Out $1 Billion in Crypto After 8 Years of Holding

The post Peter Thiel’s Fund Cashes Out $1 Billion in Crypto After 8 Years of Holding appeared first on Coinpedia Fintech News Founders Fund, a venture capital firm co-founded by […]

The post Peter Thiel’s Fund Cashes Out $1 Billion in Crypto After 8 Years of Holding appeared first on Coinpedia Fintech News
Founders Fund, a venture capital firm co-founded by Peter Thiel and managing $11 billion in assets, reportedly liquidated most of its Bitcoin investment, which was purchased eight years ago, before the crypto market crash, earning over $1.8 billion in profits. The timely sale allowed the Founders Fund to hold Bitcoin during two consecutive bull markets. …