Multicoin Capital Management, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Multicoin Capital Management, LLC disclosed 3 US equity positions worth $274.3m in its Q3 2025 13F filing. The largest position was 23I at 51.9% of the reported book, followed by GBTC and BTC. Against the Q2 2025 filing, it opened 1 new position, added to 0 and reduced 0 among the top 3 holdings.
What did Multicoin Capital Management, LLC own in Q3 2025? Top 3 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | 23I FORWARD INDS INC N Y | 51.9% | $142.3m | 7,947,843 | – | new | |
| 2 | GBTC GRAYSCALE BITCOIN TRUST ETF | 43.3% | $118.7m | 1,321,808 | 0% | held | |
| 3 | BTC GRAYSCALE BITCOIN MINI TRET | 4.9% | $13.4m | 264,361 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.