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Multicoin Capital Management, LLC

CIK:0002017172
Hedge Fund
$6B AUM
2 holdings
Austin, TX, United States
Founded:2017
22 employees
Latest filing:Jun 30, 2025

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.

Latest 13F Filing Activity

Multicoin Capital Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 2 equity positions with a total 13F market value of $125M. The fund increased holdings in Grayscale Bitcoin Trust Etf, Grayscale Bitcoin Mini Tret. Multicoin Capital Management, LLC reduced exposure to Grayscale Bitcoin Mini Tret, Grayscale Bitcoin Trust Etf.

Top Buys
G
GBTCGRAYSCALE BITCOIN TRUST ETF
+$26.0M
B
BTCGRAYSCALE BITCOIN MINI TRET
+$3.0M
Top Sells
G
GBTCGRAYSCALE BITCOIN TRUST ETF
+$26.0M
B
BTCGRAYSCALE BITCOIN MINI TRET
+$3.0M

Top Holdings

G
GBTCGRAYSCALE BITCOIN TRUST ETF
+89.9%$112.1M
B
BTCGRAYSCALE BITCOIN MINI TRET
+10.1%$12.6M

Equity Positions (2)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
GRAYSCALE BITCOIN TRUST ETF89.88%$112.1M1,321,808$62.18$84.83+$26.0M
GRAYSCALE BITCOIN MINI TRET10.12%$12.6M264,361$41.87$47.75+$3.0M

Industry Allocation

PLASTICS PRODUCTS, NEC
+51.9%
COMMODITY CONTRACTS BROKERS & DEALERS
+48.1%