Multicoin Capital skips the AI gold rush and doubles down on crypto
Photo: Crypto Briefing
The $2.7 billion Austin firm says chasing AI and robotics deals would dull the edge it has spent years building in digital assets Every investor in tech seems to be sprinting toward artificial intelligence. Multicoin Capital Management is staying put. The Austin-based venture firm, which manages $2.7 billion in assets, is betting that its depth in digital assets is worth more than a fresh AI mandate. General Partner Spencer Applebaum laid out the reasoning in a Bloomberg interview published on October 19, 2026.
Source: Crypto Briefing
