CoinCake - Crypto Currency Tracker logo CoinCake - Crypto Currency Tracker logo
coinpedia 2023-01-19 13:28:41

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 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. …

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.