Venture Capitalist Peter Thiel's fund, Valar Ventures, owned roughly 19% of BlockFi’s shares, a digital asset lender. The cryptocurrency lender’s abrupt bankruptcy filing has served as a big blow to Thiel’s fund, one of the largest shareholders of BlockFi, as per the bankruptcy filing. The other major shareholders of BlockFi include Bain Capital, Tiger Global, and crypto exchange platform Coinbase (NASDAQ:COIN) among others. Also earlier this year, Valar Ventures took a hit from the bankruptcy of another crypto lender it backed, Vauld Group. Valar was spun off from Thiel’s original Thiel Capital fund.
