Multicoin Capital's crypto hedge fund has achieved a return of 9281% since its launch in 2017

ChainCatcher news, according to The Block, the annual investor letter released by Multicoin Capital shows that since its launch in 2017, the cryptocurrency hedge fund Multicoin Capital Master Fund has delivered a return of 9281% to its initial investors. This return is sufficient to offset the 91.4% loss that the Multicoin Capital fund experienced in 2022.

Multicoin executives Tushar Jain, Kyle Samani, and Matt Shapiro stated in the letter: "In 2023, cryptocurrency did what it does best, once again defying death. The market rebounded in astonishing form, and our hedge fund was able to capture the market's reaction, significantly outperforming the market."