Spencer Applebaum: HYPE is the largest holding of Multicoin Capital hedge fund

Spencer Applebaum, General Partner and Co Head of Venture Capital at Multicoin Capital, stated that HYPE is the largest holding of its hedge fund, and all related tokens are purchased through the public market. Multicoin Capital will not follow the example of peers such as Paradigm to expand its investment scope to pure AI and robotics, and will continue to focus on cryptocurrency assets. In addition, the $422 million venture capital fund raised by Multicoin Capital in 2022 had a slower deployment pace due to the decline in startup valuations after the FTX crash. (Source: Bloomberg)