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 […]

This post Founders Fund Unveils US$15-20 Million Investment in Bitcoin; Price Rises 13% first appeared on Coinjournal.

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