Bitcoin bull Tim Draper raises $200 million for new venture fund
One of the vital distinguished world Bitcoin Boosters cleared the capital. Tim Daper funding firm, Draper Associas, raised $ 200 million for its eighth fund, based on Tuesday presentation With the Securities and Inventory Trade Committee. In the meantime, the corporate’s web site hints to launch the fund.
“In 2025, Draper Associaes celebrated 40 years of main funding capital and unfold entrepreneurship around the globe,” Learn, learn page Concerning the historical past of the corporate. “With the launch of the Draper Associats Fund 8 Fund, the following forty -year workforce might be watching.”
A spokesman for Daper Associats rejected the remark.
In 2022, the funding capitalist raised roughly $ 124 million for its seventh fund, based on the submission of a file with the SEC. Draper Associates, specialised in Crypto Investments, has $ 2 billion of administration belongings, based on the corporate’s web site.
The most recent improve within the firm comes amid the encryption growth. The entire market worth of all encrypted currencies via The 4 trillion greenback signal for the primary time in historical past final week with the passage of Congress legislation Stablecoins, or cryptocurrencies related to primary belongings such because the US greenback. Bitcoin has repeatedly achieved its highest ranges over the previous six months, and has risen to $ 120,000
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Dripper, 67, was not at all times synonymous with encryption.
In 1985, he began as a VC when he borrowed $ 6 million to put money into expertise, based on his web site. He quickly developed a expertise to put money into what a few of the most vital firms on the planet could develop into. The checklist of startups supported by Skype, Baidu, Hotmail, Timingand SpacexRobinhood, and a set of different profitable tasks.
In 2014, Dripper did one in all his first common stains as a believer for Bitcoin when he was paid 19 million {dollars} to purchase 300,000 cryptocurrencies on the USA authorities from the well-known Silk Silk Street. The wager, which got here at a time when many wrote Bitcoin as a lock, in the present day stands as probably the most events in historical past. These cash at the moment are value about $ 3.5 billion.
Within the following years, Draper has develop into probably the most frank followers of the world’s largest encrypted coin. he Propagate In 2018, Bitcoin will attain $ 250,000 by 2022, and in 2023, repeat The identical prediction of the top of that yr. The worth of Cryptocurrency continues to be removed from this quantity, however primarily based on its final efficiency, the thought of bitcoin is now not value 1 / 4 of 1,000,000 {dollars} appears to be like ridiculous.
Draper has additionally invested in a bunch of different Crypto tasks, together with the most important encryption change in the USA CoinbaseThe encrypted portfolio pockets, and Polymark Packet platform.
2025-07-24 11:11:00
