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Founders Fund Unveils US$15-20 Million Investment in Bitcoin; Price Rises 13%


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The price of Bitcoin rose 13% on Wednesday following reports that Founders Fund, the San Francisco-based venture capital firm co-founded by Peter Thiel, has been buying the cryptocurrency since 2012, totaling no more than US$20 million. Those bitcoin holdings are now worth several hundred million dollars, people familiar with the matter told the Wall Street Journal.

https://coinjournal.net/founders-fund-unveils-us15-20-million-investment-bitcoin-price-rises-13/

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