venture capitalists

Founders Fund Unveils US$15-20 Million Investment in Bitcoin; Price Rises 13%

8 months ago admin2 Comments Off on Founders Fund Unveils US$15-20 Million Investment in Bitcoin; Price Rises 13%
Image via Pixabay The price of Bitcoin rose 13% on Wednesday following reports that Founders Fund, the San Francisco-based venture capital firm co-founded by Peter Thiel, has been buying the cryptocurrency since 2012, totaling no more than US$20 million. Those bitcoin holdings are now worth several hundred million dollars, people familiar with the matter told Read More