Multicoin Capital manages $2.7 billion in assets and holds the largest position in HYPE

Spencer Applebaum, General Partner and Co Head of Venture Capital at Multicoin Capital, stated that Multicoin Capital manages $2.7 billion in assets and will continue to focus on the digital asset field. It will not follow the example of institutions such as Paradigm to expand its investment scope to AI and robotics technology. Regarding the speed of fund deployment, the post investment valuation of seed round projects in 2023 is approximately 30 million US dollars, with a financing scale of approximately 3 million US dollars. Investing in such rounds with a fund of 422 million US dollars will take longer. In addition, the largest position of hedge funds under Multicoin Capital is the Hyperliquid related token HYPE, which is purchased through the public market.