Multicoin Capital
/ Introduction
Somos inversores basados en tesis que realizan inversiones a largo plazo y de alta convicción en empresas de cripto y protocolos que definen categorías en mercados públicos y privados.
/Our Funds
01/ Master Fund
Founded in 2017, our master fund is a thematic, long-oriented hedge fund that deliver strong absolute returns over a long time horizon through asset selection across market cycles. This multi-billion dollar fund invests predominantly in tokens and is active in public markets, direct investments, and strategic sales.
02/ Venture Fund
We partner with crypto entrepreneurs to reshape trillion-dollar markets. We’re currently deploying out of our third venture fund, a $422 million vehicle raised in January 2022. This fund backs early-stage companies and founders with investments ranging from $1M-$50M.
/ Insights
/Creating The World’s Leading Solana Treasury Company
Today I’m excited to announce that Multicoin Capital, Jump Crypto (the largest trading firm in crypto), and Galaxy (the largest financial conglomerate in crypto) have successfully led a $1.65B PIPE into Forward Industries, Inc. (NASDAQ: FORD), which will use the net proceeds to initiate a Solana treasury company strategy. Each sponsor committed over $100M in USD.
Hoy nos complace recibir a Brian Strugats a Multicoin Capital como nuestro nuevo Head Trader. Brian será responsable de proporcionar la mejor ejecución para el fondo, gestionar nuestras relaciones de contraparte, proporcionar un contexto de mercado accionable para el equipo de inversión y mejorar nuestras capacidades de trading.
/New Modalities for Issuance and Trading
It is effectively impossible for a regular person to create a new tradeable asset on traditional financial rails. Crypto trivializes this. Today, anyone in the world can create new assets on Solana in a few seconds for ~$0 cost. Consequently, there has been an explosion in user-generated assets (UGAs).
Over the past three years, Multicoin Capital has acquired a significant position in JTO, the native token of the Jito Network, across our hedge fund and venture funds. An executive summary of our 45 page asset report is presented below. You may download the complete report and analysis, including our valuation model and price target, by clicking the "Read Full Report" button.
Today, we are excited to announce that Multicoin led an $8M strategic acquisition of GEOD, the native token of the Geodnet Network, from the Geodnet Foundation. Geodnet is a precise positioning network that leverages DePIN economics to power mission-critical localization services for drones, autonomous vehicles, and the tens of millions of robots that will likely proliferate the Earth over coming years.
En 1997, Deep Blue de IBM derrotó en un partido de ajedrez al entonces campeón mundial Garry Kasparov, quedando claro desde entonces que los motores de ajedrez de computadora pronto superarían a los humanos. Curiosamente, un humano bien preparado que trabaje junto con una computadora, un acuerdo a menudo llamado "centauro", podría superar a los motores más fuertes de aquella era.
Multicoin Capital has been investing in Solana’s native asset, SOL, and the broader Solana ecosystem since Solana’s seed round in May 2018. We have previously published four theses about Solana in that time. The first two were published about nine months before mainnet produced its first block in March 2020. As the Solana network has evolved, so has our frame of reference on how to think about the Solana network, and SOL the asset.
/Some Things Never Change, Even In 2025
One of the best quotes from Jeff Bezos is: “What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' Earlier this week, we published a stereotypical VC post about new areas that our investment team is looking forward to seeing in 2025.
/Ideas de frontera para 2025
2025 está listo para ser un año crucial para la industria. La aparición del primer marco regulatorio pro-criptografía, combinado con la madurez técnica de las cadenas de bloques de capa 1, los protocolos de DeFi, las redes de DePIN y las monedas estables, está creando un terreno fértil para la próxima ola de innovaciones de frontera. Manteniéndonos fieles a nuestra tradición, estamos compartiendo las ideas y oportunidades que más nos entusiasman para el próximo año.
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Last month, we hosted the Multicoin Summit in New York City. This annual gathering allows us to spotlight the most important trends of the year and share our insights on what to expect in the years ahead. To help unpack these ideas, we assembled an outstanding lineup of speakers, including founders and CEOs from Drift, Hivemapper, Baxus, Jito, Pyth, dFlow, Solana, Visa, and Double Zero.