Multicoin Capital, which manages about $2.7 billion, says HYPE is now the largest position in its hedge fund, according to Bloomberg reporting summarized by Wu Blockchain on Oct 19, 2026 Wu Blockchain and flagged by Coin Bureau today post.

Multicoin Capital, which manages about $2.7 billion, says HYPE is now the largest position in its hedge fund, according to Bloomberg reporting summarized by Wu Blockchain on Oct 19, 2026 Wu Blockchain and flagged by Coin Bureau today post.

General partner Spencer Applebaum said the HYPE stake was accumulated through public markets, but he declined to disclose its size.

The firm says it plans to stay focused on crypto even as peers including Paradigm, Framework Ventures and Haun Ventures expand into AI.

Applebaum said Multicoin sees no reason to shift away from crypto simply to follow the AI investment boom.

The original Bloomberg article itself was not readable directly, so position size, timing of accumulation and fund weighting are not confirmed beyond those summaries.

No on-chain wallet for the holding was named in the material reviewed.