Peter Thiel vs. Michael Saylor: Who’s making the smarter crypto treasury bet?

Michael Saylor’s Bitcoin fortress faces Peter Thiel’s Ether agility. Two giants, two treasuries — who’s making the smarter bet?

Peter Thiel has quietly established a large footprint in crypto treasuries by backing companies that invest in Ethereum. This approach gives him significant indirect exposure to the cryptocurrency’s growth while staying aligned with his broader venture capital strategy.

Peter Thiel, best known as the co-founder of PayPal and Palantir, approaches crypto exposure through an indirect path. Instead of simply buying Ether (ETH) on balance sheets like Saylor does with Bitcoin (BTC), Thiel’s play is to take significant stakes in companies that transform themselves into Ether-treasury vehicles. This method gives him exposure to ETH’s upside while embedding his capital in firms that can rally markets.

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