Paypal co-founder Peter Thiel's fund has sold most of its crypto assets in March 2022 for a $1.8 billion return

According to the "Financial Times", citing people familiar with the matter, Founders Fund, a venture capital firm co-founded by Paypal co-creator Peter Thiel, has sold most of its cryptocurrency holdings by the end of March 2022, earning a return of approximately US$1.8 billion. There is no significant funding exposure to cryptocurrencies. Founders Fund first invested in bitcoin in early 2014 and has continued to invest heavily in cryptocurrencies. People familiar with the matter said about two-thirds of its total investment was used to buy bitcoin.