Peter Thiel's Founders Fund Makes $200M Crypto Investment Ahead of Market Surge

The strategic investment in bitcoin and ether positions the venture capital firm to capitalize on the cryptocurrency market's recovery.

Peter Thiel's Founders Fund invested $200 million in bitcoin and ether from late summer to early fall of 2023, splitting the investment equally between the two cryptocurrencies.
The investment comes as bitcoin's price has surged nearly 124% in the last 12 months, with ether rising 75%, indicating a significant market recovery.
Founders Fund has a history of early crypto investments, having started purchasing bitcoin in 2014 and liquidating its holdings for $1.8 billion before the 2022 market crash.
The venture capital firm, with over $12 billion in assets under management, has backed several crypto startups, underscoring its commitment to the sector.
The investment signals Silicon Valley's renewed interest in cryptocurrencies, following a period of market downturn and regulatory scrutiny.