Multicoin Capital's annual investor letter shows that since 2017, the hedge fund focused on cryptocurrency has brought a return of 9281% to its first batch of investors. This return is enough to make up for Multicoin Capital's previous loss of 91.4% in 2022.

According to sources, cryptocurrency investment company Multicoin Capital is discussing the sale of its FTX bankruptcy claim, which is worth approximately $100 million. Positive news about the FTX bankruptcy claim has raised the claim price to over 70 cents per dollar and gradually risen to around 80 cents. Companies like Multicoin that have been inadvertently affected by the FTX bankruptcy have been contacted by claim buyers for over a year, and as potential bids rise, these companies are evaluating the opportunity cost of capital and choosing to sell early rather than wait.