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Founders fund backs bitcoin, ether investments, reflecting renewed silicon valley interest in crypto

In a move signalling a resurgence of interest in cryptocurrency markets, Founders Fund, the venture capital firm founded by billionaire Peter Thiel, has reportedly reinvested in bitcoin and ether. Sources, familiar with the matter told Reuters, that the firm allocated $200 million last year to acquire crypto tokens, evenly split between bitcoin and ether. This decision underscores the return of institutional investors to token investments, a strategy that was once highly favoured before the cryp...
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