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Peter Theil's Founders Fund Bought $200 Million in BTC-ETH from Last Year's Lows

Peter Theil's Founders Fund Bought $200 Million in BTC-ETH from Last Year's Lows

Billionaire investor Peter Theil's Founders Fund bought $200 million worth of bitcoin and ethereum (ETH) between last summer and early fall, according to Reuters. Theil's fund has been buying BTC and ETH for months, starting when BTC prices were below $30,000. "This suggests institutional investors are returning to the crypto market," Reuters explained.