BEAMSTART Logo

Founders Fund, with backing from notable venture capitalist Peter Thiel, has made a significant investment of $200 million in both Bitcoin and Ethereum.

CoinGape LogoCoinGape1w ago

 Founders Fund, with backing from notable venture capitalist Peter Thiel, has made a significant investment of $200 million in both Bitcoin and Ethereum. - CoinGape

Quick Summary:

A recent Reuters report suggests that Peter Thiel-backed Founders Fund invested a hefty $200 million in these two cryptocurrencies in late summer 2023.

Institutional investments in Bitcoin (BTC) and Ethereum (ETH) have been soaring over the past few months!

This previously undisclosed action by the esteemed Silicon Valley venture capital firm highlights a resurgence in token investments among institutional investors.


More Pictures

 Founders Fund, with backing from notable venture capitalist Peter Thiel, has made a significant investment of $200 million in both Bitcoin and Ethereum. - CoinGape (Picture 1)

or

Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-13 @ 14:17:10 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20054714

View Article Analysis

About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 60 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story " Founders Fund, with backing from notable venture capitalist Peter Thiel, has made a significant investment of $200 million in both Bitcoin and Ethereum." has 413 words across 33 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story " Founders Fund, with backing from notable venture capitalist Peter Thiel, has made a significant investment of $200 million in both Bitcoin and Ethereum." was covered 1 weeks ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 60 news stories per day.

It's most recent story was published 5 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #20054714
  • URL: https://beamstart.com/news/peter-thiel-backed-founders-fund-17078050306792

BEAMSTART brings you the latest news, databases, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2024 BEAMSTART. All Rights Reserved.