Andrew Kang Makes Bold $200M Bet on Bitcoin:

Andrew Kang, founder of Mechanism Capital, has doubled his Bitcoin exposure by taking a $200 million long position, signalling strong confidence in Bitcoin's upward trajectory.

Key Takeaways:

* Andrew Kang, founder of Mechanism Capital, has doubled his Bitcoin (BTC) exposure with a $200 million long position.

* The new $100 million bet was made through a crypto wallet that is reportedly linked to Kang, and it is estimated to have a potential gain or loss (PnL) of $6.8 million, according to Arkham.

* The move comes as institutional investors are becoming increasingly optimistic on Bitcoin following its halving earlier in 2025 and favorable macro trends.

* Among the factors fueling bullish sentiment are the potential for the Federal Reserve to cut interest rates, strong inflows into Bitcoin ETFs, and ongoing progress on crypto regulation.

Bitcoin Reaches New Highs as Institutional Optimism Soars: Pay Attention to These TrendsNow entering its fourth year of trading in an unprecedented bull market, Bitcoin (BTC) price has hit a new 2025 high. The crypto behemoth briefly touched the $72,000 mark on 12 April, quickly retracing to $71,500.

This price surge coincides with fresh claims from crypto analytics firm Arkham that a crypto wallet, which they’re linking to Mechanism Capital founder Andrew Kang, has placed an additional $100 million long position on Bitcoin.

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Andrew Kang just doubled his Bitcoin position.

This wallet has now placed a $100M long on BTC at an estimated PNL of $6.8M.

It’s likely that this is part of a larger position being taken by Mechanism Capital, which is currently investing out of a $1.5 billion fund.

We'll be watching closely to see how this position plays out.

— Arkham (@ArkhamHQ) April 12, 2025

According to the firm, the new long position is part of a larger $1.5 billion fund that Mechanism Capital is investing out of this year.

Known for his significant roles in crypto startups and ventures, including investing in DeFi protocols early on, Kang is recognized for his willingness to take substantial directional bets during periods of market volatility.

Earlier this year, Mechanism Capital participated in a $150 million funding round for blockchain startup Magic Labs. The firm is also a seed investor in several Web3 companies, including cryptocurrency exchange FTX and blockchain gaming startup Axie Infinity.

As reported by Blockware earlier this year, Kang is a serial entrepreneur who founded his own advertising agency, Adzooma, at the age of 17. He later went on to become the youngest investor in a U.S. hedge fund.

After graduating from the University of Oxford with a degree in philosophy, politics, and economics, Kang founded Mechanism Capital in 2020 with the aim of investing in the decentralized future.

The crypto investment firm focuses on both early-stage startups and later-stage companies across various sectors of the digital asset class, including DeFi, Web3, and blockchain gaming.

Among its notable investments are a $200 million debt financing for crypto lending platform BlockFi in 2022 and a $100 million investment in cryptocurrency exchange FTX.

Mechanism Capital also participated in a $150 million funding round for Magic Labs, a blockchain startup developing a new generation of consumer products and services.

Earlier this year, crypto analytics firm Glassnode reported that the majority of Bitcoin whales have increased their BTC holdings despite the recent price pullback.

The crypto analytics firm found that while there was a decrease in the total number of ‘large’ Bitcoin wallets—defined as wallets holding 100 to 10,000 BTC—from 1,508 in December 2024 to 1,477 in February 2025, the collective balance held by these wallets rose from 5,688,780 BTC to 5,984,865 BTC during the same period.

This finding suggests that a smaller number of major Bitcoin investors have been actively accumulating more coins, indicating a potential shift in institutional interest toward greater bullish outlooks on Bitcoin’s long-term price trajectory.

As crypto analysts and investors eagerly anticipate the next moves in the cryptocurrency market, all eyes will be on the key trends and developments that could propel Bitcoin and other digital assets to new heights in 2025 and beyond.