Discussion

• @saraheneedleman Sarah E. Needleman on x

  The bitcoin bet is quickly showing promise. Founders bought around $15 million to $20 million in bitcoin, and it has told investors the firm's haul is now worth hundreds of millions of dollars after the digital currency's ripping rise in the past year. http://www.wsj.com/...

• @joonian Wong Joon Ian on x

  All roads lead to Peter Thiel http://twitter.com/...

• @mdudas Mike Dudas on x

  $BTC rips above $15K as @peterthiel discloses @foundersfund has taken a huge position. http://www.wsj.com/... http://twitter.com/...

• @eringriffith Erin Griffith on x

  i suspect LPs do not like this. why pay fees to Founders Fund to buy BTC when they could just buy it directly (and many LPs already have) http://www.wsj.com/...

• @wsj The Wall Street on x

  Peter Thiel's Founders Fund has amassed hundreds of millions of dollars of bitcoin in a moonshot bet on the cryptocurrency http://www.wsj.com/...

• @eringriffith Erin Griffith on x

  which is why most VCs i talked to this fall decided to avoid investing fund money directly into crypto (for now) http://www.wired.com/...

• @shiraovide Shira Ovide on x

  So investing in young tech companies is risky, but bitcoin isn't? Okaaay. https://www.wsj.com/... pic.twitter.com/znGRu5rYiP

• @eringriffith Erin Griffith on x

  also FF likely spread this across funds because if a significant chunk of any fund is in liquid assets they have to register and disclose a bunch of stuff they don't want to