Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, sold the firm's full position in Worldcoin on Friday. The move came less than 24 hours after he publicly stated the fund would hold the token.
Hayes announced the sale on social media with the message
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BitMEX announced it will close its operations on September 23, 2026, at 04:00 UTC, ending an 11-year run as a pioneer in crypto derivatives trading.
NEAR and Worldcoin recorded double-digit gains on June 2 as Bitcoin fell below $70,000 and triggered $714 million in liquidations across the market. Select altcoins advanced on ecosystem-specific catalysts while the broader market faced pressure.
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Exodus Movement sold more than 1,000 bitcoin in the first quarter to raise cash for its payments acquisitions. The company reported a wider net loss as revenue declined sharply.
American Bitcoin, co-founded by Eric Trump, completed a 1-for-15 reverse stock split to meet Nasdaq listing requirements. The move follows growth in its Bitcoin holdings to 8,000 BTC.
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BitMEX is facing a proposed class action lawsuit alleging it engineered unfair liquidations and withheld 622.66 Bitcoin worth $40.7 million. The suit was filed July 23 in New York federal court on the same day the exchange announced it would close on Sept. 23.
Strategy purchased 1587 Bitcoin last week for about 100 million dollars. The company financed the acquisition by selling 1.7 million shares of its MSTR stock. Total holdings now stand at 846842 Bitcoin.
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Bitcoin traded little changed near $62,600 after Strategy bought 1,550 BTC for $101 million. The purchase brought the company's holdings to 845,256 coins but failed to lift prices amid investor caution ahead of U.S. inflation data.