WSJ: Valar Ventures, backed by Peter Thiel, has a 19% stake in BlockFi

BlockBeats News, November 29, according to the Wall Street Journal, according to court documents, Valar Ventures, a venture Capital firm spun out of Thiel Capital, the investment firm founded by top Silicon Valley investor Peter Thiel, owns a 19% stake in BlockFi, a crypto lending company, This makes Valar one of BlockFi's largest shareholders. BlockBeats previously reported that crypto lender BlockFi and its eight subsidiaries filed for bankruptcy reorganization in New Jersey bankruptcy court yesterday, with more than 100,000 creditors and platform assets and liabilities of between $1 billion and $10 billion.