$PNDO Multicoin Capital Partner shared a “1/3” average cost strategy on July 9. On July 9, Multicoin Capital partner Tushar Jain, on the podcast When Shift Happens, discussed a staged position-building strategy. The approach splits allocated capital into three equal parts: the first part is invested immediately, the second part is invested on a fixed schedule, and the third part is held back as “dry powder” to add to positions if the asset drops sharply while the investment thesis remains unchanged. According to Jain, compared with trying to time the market bottom with precision, this method can reduce timing risk.