Multicoin Capital Management, LLC GBTC GRAYSCALE BITCOIN TR BTC

Ownership history in Multicoin Capital Management, LLC  ·  8 quarters on record

AI Ownership Summary

Multicoin Capital Management, LLC reported GRAYSCALE BITCOIN TR BTC (GBTC) in 8 quarterly 13F filings from 2024 Q1 through 2025 Q4. Peak portfolio weight reached 89.93% in 2025 Q1. The latest visible filing shows GBTC at 18.06% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this GBTC ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Multicoin Capital Management, LLC's position in GRAYSCALE BITCOIN TR BTC, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

GBTC was reported at 18.06% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
89.93% in 2025 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q1 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

How Multicoin Capital Management, LLC held GBTC — position size vs. price
% of Fund (quarterly)    GBTC price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 8 quarters  
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 REDUCED 77.1% -22.8% 302,251 -1,019,557 -77.1% 18.06% $20.7M 2026-02-14 (Est.) $53.63
2025 Q3 UNCHANGED 1,321,808 0% 43.26% $118.7M 2025-11-13 $76.68
2025 Q2 UNCHANGED 1,321,808 0% 89.88% $112.1M 2025-08-14 $92.75
2025 Q1 UNCHANGED 1,321,808 0% 89.93% $86.1M 2025-05-14 $81.52
2024 Q4 UNCHANGED 1,321,808 0% 26.16% $97.8M 2025-02-13 $76.22
2024 Q3 UNCHANGED 1,321,808 0% 25.24% $66.8M 2024-11-13 $71.31
2024 Q2 UNCHANGED 1,321,808 0% 22.87% $70.4M 2024-08-12 $47.10
2024 Q1 INITIATED 1,321,808 27.78% $83.5M 2024-05-13 $50.76

FAQ About Multicoin Capital Management, LLC and GBTC

These are the practical questions this page is built to answer before you even open the full history table.

How long has Multicoin Capital Management, LLC reported owning GBTC?

Multicoin Capital Management, LLC reported GBTC across 8 quarterly 13F filings, from 2024 Q1 through 2025 Q4.

What was the largest reported GBTC position in Multicoin Capital Management, LLC's portfolio?

The largest reported portfolio weight for GBTC was 89.93% in 2025 Q1.

What is the latest reported GBTC position on this page?

The most recent filing on this page is 2025 Q4, when Multicoin Capital Management, LLC reported 302,251 shares, equal to 18.06% of portfolio, with an estimated market value of $20.7M.

What does the chart on this GBTC ownership page compare?

The chart compares Multicoin Capital Management, LLC's quarterly GBTC portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

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