Thiel's Founders Fund Sells $1.8B in Bitcoin and Ethereum After Cashing in on Crypto Bull Run
• Peter Thiel's Founders Fund made a $200M investment in bitcoin and ether before the 2021-2022 bull run • They started buying bitcoin below $30k and continued acquiring more BTC and ETH in subsequent months • Thiel has long been a bitcoin proponent, linking its price rise to a critique of central banks and fiat currency • Founders Fund sold most of its crypto holdings for $1.8B in March 2022, just before the crypto winter • They had previously invested $15-20M in bitcoin during the 2017-2018 crypto bull market