https:/ /www.cnbc.com/2018/01/02/bitcoin-rises-after-report-says-early-facebook-investor-peter-thiel-is-buying-massive-amounts.html

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.

Evelyn Cheng | @chengevelyn

Published 2 Hours Ago Updated 10 Mins Ago (1/2/2018)