Wu said that Kyle Samani announced he will gradually step back from the daily operations of Multicoin Capital, but remains optimistic about the cryptocurrency industry and the Solana ecosystem, and will continue personal investments and support for projects in the Multicoin portfolio; at the same time, he will continue to serve as a director of Zama and Chairman of Forward Industries. Kyle Samani also disclosed that he plans to submit a redemption request to Multicoin Master Fund by March 31, 2026, and intends to redeem in kind using Forward Industries stock and warrants (rather than USD).
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Wu said that Kyle Samani announced he will gradually step back from the daily operations of Multicoin Capital, but remains optimistic about the cryptocurrency industry and the Solana ecosystem, and will continue personal investments and support for projects in the Multicoin portfolio; at the same time, he will continue to serve as a director of Zama and Chairman of Forward Industries. Kyle Samani also disclosed that he plans to submit a redemption request to Multicoin Master Fund by March 31, 2026, and intends to redeem in kind using Forward Industries stock and warrants (rather than USD).