On December 30th, according to Axios, Multicoin Capital, an investment company in the crypto sector, recently told investors. Since its establishment in October 2017, its hedge fund assets have soared by 20287%. According to sources, its first venture capital fund has a return rate of more than 28 times (net of fees).
Multicoin Capital’s hedge funds hold relatively few bitcoins. On the contrary, its recent surge is largely due to bets on newer crypto companies and tokens. The projects with the highest return on investment include Solana, Helium and Arweave.
According to The Information report, in May of this year, Multicoin raised US$100 million for its second venture capital fund and is currently raising US$250 million for the third venture capital fund.