Mechanism Capital Doubles Bitcoin Position to $200 Million Amidst Market Rally

Crypto venture capitalist Andrew Kang has significantly increased his Bitcoin holdings, adding another $200 million in a long bet. This move comes after recent market volatility fueled by President Trump’s tweets and the subsequent announcement of a 90-day pause on US tariffs. Blockchain analytics firm Arkham revealed Kang’s substantial investment, marking an expansion of his previous $100 million position. 24 hours prior to this news, Kang had already placed a $100 million leverage long bet on Bitcoin following the comments by former President Trump on Truth Social.