BitMEX co-founder Arthur Hayes sold 2,373 ETH for approximately $8.32 million a week ago, when the ETH price was around $3,507.
However, according to the latest on-chain data, Hayes removed 10.5 million USDC from his wallet four hours ago to purchase Ethereum. This time, the purchase occurred at an ETH price of $4,225.
Hayes' current asset allocation is as follows:
- Ethereum (ETH): 4,424 ETH (~$18.7 million)
- Ether.fi Staked ETH (EETH): 3,097 EETH (~$13.07 million)
- USDC: $12.43 million
- Wrapped EETH (WEETH): 1,167 WEETH (~$5.29 million)
- Pendle (PENDLE): 253,463 PENDLE (~$1.38 million)
- Wilder World (WILD): 1.96 million WILD (~$925.5k)
The total portfolio value is calculated at approximately $52.19 million.
Had Arthur Hayes not sold the 2,373 ETH, he would have made approximately $1.70 million in additional profit today.
Hayes, founder of cryptocurrency exchange BitMEX, was linked to numerous scandals during his time as CEO. It was alleged that Hayes instructed investors to “blow up their short positions” in Discord chats.
*This is not investment advice.