Multicoin Capital Management, LLC
Multicoin Capital Management, LLC is a thesis-driven investment firm headquartered in Austin, Texas, focused on investments in the cryptocurrency and blockchain sectors. Founded in 2017, the firm operates as a registered investment adviser with the SEC, managing billions in assets for accredited and qualified purchasers. Multicoin Capital has approximately 22 employees and serves institutional and high-net-worth clients, aiming to reshape entire sectors of the global economy through token and company investments.
Investment Strategy
Multicoin Capital employs a thesis-driven investment approach concentrated on the cryptocurrency and blockchain sectors. The firm invests in tokens and companies that are reshaping significant portions of the global economy, focusing on identifying revolutionary technologies and networks with the potential for significant long-term impact. Its strategy favors deep research, proactive engagement, strategic allocation, and the pursuit of asymmetric risk/reward profiles. Multicoin typically serves accredited investors, targeting high-growth opportunities and maintaining a flexible mandate to invest across both liquid tokens and equity.
Top Holdings
Equity Positions (2)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GBTC | GRAYSCALE BITCOIN TRUST ETF | 89.88% | $112.1M | 1,321,808 | $62.18 | $84.83 | +$26.0M |
B BTC | GRAYSCALE BITCOIN MINI TRET | 10.12% | $12.6M | 264,361 | $41.87 | $47.75 | +$3.0M |