Mechanism Capital founder doubles Bitcoin position with a $200M long

Date: 2025-04-14

Andrew Kang, founder of the crypto venture firm Mechanism Capital, has seemingly doubled down on his bet that Bitcoin will gain in price with a $200 million long position, onchain data shows. “Andrew Kang just doubled his Bitcoin position,” crypto analytics firm Arkham said in an April 12 X post. It explained a crypto address tied to Kang made another $100 million long bet on Bitcoin (BTC) with an expected profit, or loss, of $6.8 million.On April 9, Arkham noted that the Kang-tied wallet had put on a $100 million leverage-long bet on Bitcoin after US President Donald Trump posted to his Truth Social platform earlier the same day that “THIS IS A GREAT TIME TO BUY!!! DJT.”Source: ArkhamJust hours later, the Trump administration announced a 9...

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