Founders Fund made a re-entry into Bitcoin last summer 2023 when the BTC price was under $30,000.
These purchases suggest heightened institutional interest in Bitcoin once again. The spot Bitcoin ETF launch can fuel this interest further.
Founders Fund, the Peter Thiel-backed venture capital platform, has once again started making fresh investments into Bitcoin and Ethereum. This clearly suggests a growing appetite among institutional players for the digital asset class.
Citing sources familiar with the matter, Reuters reported that the Founders Fund invested a total of $200 million in acquiring Bitcoin and Ethereum, in mid-2023. As per the sources, the fund has made equal investments in both cryptocurrencies.
During the previous summer, Founder’s Fund initiated its acquisition of Bitcoin when its price was below $30,000, gradually adding more bitcoin and ether to its portfolio over the subsequent months, according to sources.
Being one of the earliest institutional players in the cr

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