Multicoin Capital Management, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Multicoin Capital Management, LLC disclosed 4 US equity positions worth $114.4m in its Q4 2025 13F filing. The largest position was 23I at 45.9% of the reported book, followed by BITWISE SOLANA STAKING ETF and GBTC. Against the Q3 2025 filing, it opened 1 new position, added to 0 and reduced 1 among the top 4 holdings.
What did Multicoin Capital Management, LLC own in Q4 2025? Top 4 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | 23I FORWARD INDS INC N Y | 45.9% | $52.5m | 7,947,843 | 0% | held | |
| 2 | BITWISE SOLANA STAKING ETF | 27.1% | $31.0m | 1,890,000 | – | new | |
| 3 | GBTC GRAYSCALE BITCOIN TRUST ETF | 18.1% | $20.7m | 302,251 | -77% | reduced | |
| 4 | BTC GRAYSCALE BITCOIN MINI TRET | 8.9% | $10.2m | 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.