Peter Thiel's Founders Fund is a big buyer of bitcoin: WSJ
Founders Fund, the venture-capital firm co-founded by investor Peter Thiel, has bought hundreds of millions of dollars of bitcoin, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The bet is spread across the firm's most recent funds, including one that began investing in mid-2017 that has made the cryptocurrency one of its first investments. Thiel co-founded PayPal Holdings Inc. and has been a prominent backer of President Donald Trump. He also made headlines when it emerged that he was the billionaire that financed the lawsuit brought by former wrestler Hulk Hogan against news website Gawker, that led to its collapse. Founder funds has more than $3 billion in assets under management and owns stakes in companies including Facebook Inc. , Airbnb Inc., SpaceX and Lyft.
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