Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amounts

by crypto journalist

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Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amounts

  • Peter Thiel’s Founders Fund has bought millions of dollars in bitcoin, The Wall Street Journal reported Tuesday, citing sources familiar with the situation.
  • Those holdings are worth hundreds of millions of dollars, the newspaper says. It wasn’t clear whether Founders had sold any of its holdings, the report says.
  • Bitcoin rises more than 11 percent to trade near $14,711, according to Coinbase.

CNBC.com

Founders Fund, run by Peter Thiel, a PayPal co-founder and early Facebook investor, has bought millions of dollars in bitcoin, The Wall Street Journal reported Tuesday, citing sources familiar with the situation.

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