Multicoin Capital Management, LLC

**Multicoin Capital Management, LLC** This $114M fund maintains a concentrated, crypto-native portfolio structure, currently holding four distinct positions. The strategy is heavily weighted toward digital assets, evidenced by the top holding in FWDI at $52.5M. Significant allocations are also directed toward BSOL ($31.0M), GBTC ($20.7M), and BTC ($10.2M), signaling a deep commitment to the digital asset ecosystem. The current positioning reflects a focused, high-conviction approach within the cryptocurrency market.

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