BitMEX founder Arthur Hayes purchased 1.29K ETH (~$2.5M) via Cumberland and FalconX.
Macro & Markets ·
BitMEX founder Arthur Hayes has completed a purchase of 1.29K ETH valued at approximately $2.5M, according to onchain monitoring. The transaction was executed using funds routed through Cumberland and FalconX, trading platforms that Hayes had funded three days prior to the ETH acquisition.
The wallet associated with Hayes deposited a total of $3.75M in USDC to FalconX over a six-day period, with a final deposit of $1.25M occurring most recently. These staged deposits appear linked to the subsequent ETH purchase, suggesting deliberate positioning rather than a single transaction.
The specific mechanics of how much capital came from each venue and the exact timing of individual transfers remain unspecified in available reports. It is also unclear whether this represents Hayes's broader investment thesis or a tactical trade within a larger portfolio strategy.