Founders Fund, a venture capital (VC) firm established by Peter Thiel, has once again shown interest in the crypto market, investing in ether and Bitcoin, sources report, suggesting a resurgence of attention toward cryptocurrencies in Silicon Valley. The company set aside $200 million to purchase cryptocurrency tokens in the late summer/early fall of last year. The investment was evenly split between ether and Bitcoin, the two leading cryptos, according to sources familiar with the matter.
The previously undisclosed investment by the renowned Silicon Valley VC company highlights the return of institutional investors to digital assets and token investments, a strategy that was highly favored before the...
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