Founders Fund, the VC firm co-founded by Peter Thiel, cashed out nearly $1.8 billion from an 8-year long bitcoin bet. The sale came a month before the crypto market crashed in May last year.
The flagship crypto fund of a16z recorded a loss of 40% in the first half of 2022 but the venture capital firm remains bullish on crypto.
Brad Garlinghouse, the CEO at American fintech Ripple Labs, is reportedly planning to make several strategic investments and acquisitions. A...