- The
- According to the report, the fund bought "$15 to 20 million" worth of the digital currency and has told investors that the bet is now worth over five times the principal investment.
- It’s not clear when the fund purchased the tokens, or if they’ve sold any, but the firm will likely see hefty profits after bitcoin’s 1,341% rise in 2017.
- The extremely volatile cryptocurrency is quickly gaining popularity among mainstream investment shops: Two exchanges
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Bitcoin spikes after reports Peter Thiel’s fund owns ‘hundreds of millions of dollars’ of the cryptocurrency
Early-stage Facebook investor Peter Thiel is known for trying to get in on the ground floor of emerging companies and tech.
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