In a surprising move, investment powerhouse Founders Fund, led by owner Peter Thiel, has quietly invested over $200 million in Bitcoin and Ethereum since mid-2023, according to anonymous sources close to the company. Founders Fund, known for its early foray into cryptocurrencies, gained significant attention in 2014 when it aggressively purchased Bitcoin. The firm then made a strategic move to sell off its holdings just before the market crash of 2022, resulting in estimated earnings of $1.8 billion. This latest round of investments by Peter Thiel’s company could potentially signal to traditional investors the untapped potential of cryptocurrencies in the market.
While neither Founders Fund nor Peter Thiel have commented on the recent investments, experts from Reuters suggest that Thiel’s influence and reputation in the technology and investment sectors lend credibility to the growing interest in digital assets. Apart from direct investments, Founders Fund has also been actively supporting the growth of the crypto ecosystem by participating in funding rounds for blockchain technology startups. Most notably, the fund contributed $14 million to the Dynamic Labs blockchain authentication platform.
Peter Thiel’s new ventures into digital assets, combined with the remarks made by industry experts, are fueling speculation that a significant portion of the world’s surplus wealth and income could flow into cryptocurrencies in the near future. As traditional investors pay attention to the moves made by influential figures like Thiel, it reinforces the potential of digital assets in the mainstream investment market.
Isla MacKenzie covers Web3 culture, NFTs and the metaverse from Edinburgh. A former product writer at Sky and CodeBase, she has been on the BTCNews team since 2022 and runs our weekly Creators newsletter. Isla studied Digital Humanities at the University of Edinburgh and was named one of CityAM's '30 Under 30 in Crypto' in 2024. She writes about culture without losing sight of the underlying tech.
