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Tuesday, October 20, 2026Updated 12:05 UTC

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Multicoin Shuns AI Push, Keeps HYPE as Its Largest Crypto Bet

Source: Bitcoin News · Oct 20, 2026 04:30 UTC

Pile of physical souvenir Bitcoin coins — File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Multicoin Capital is refusing to follow rival crypto venture firms into standalone AI investments, arguing its competitive advantage remains in digital assets. The $2.7 billion firm is also keeping Hyperliquid’s HYPE token as the largest position in its hedge fund. $2.7B Multicoin Refuses AI Pivot as Crypto Rivals Diversify Multicoin Capital is making a contrarian […]

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