# Crypto Investment Firm Managing $2.7 Billion Reveals Its Fund’s Largest Position: This Altcoin! > Multicoin Capital said HYPE is its hedge fund’s largest position and that it will continue focusing on crypto investments while its rivals turn to artificial intelligence. According to Wu Blockchain,… **Multicoin Capital said [HYPE](https://koinbulteni.com/en/coins/hyperliquid) is its hedge fund’s largest position and that it will continue focusing on crypto investments while its rivals turn to artificial intelligence.** According to Wu Blockchain, citing Bloomberg, Multicoin Capital General Partner Spencer Applebaum said **HYPE is the fund’s largest position** and that the tokens were purchased on the open market. Applebaum did not disclose the value of the position. The investment firm, which manages approximately **$2.7 billion in assets**, highlighted HYPE’s weight in its hedge fund portfolio. While total assets under management indicate the firm’s overall scale, the size of its HYPE investment was not disclosed. ### Maintaining its crypto focus as rivals move into AI Crypto investment firms such as Paradigm, Framework Ventures, and Haun Ventures are also expanding into artificial intelligence. Multicoin, however, sees no need to move away from its crypto focus to follow this investment wave. Applebaum said there was no reason for the firm to move from crypto into another area **solely to chase the artificial intelligence investment boom**. The company thus made public both its choice to maintain its investment focus and the token with the largest weighting in its hedge fund.