Arthur Hayes Unleashes Capital Post-Pardon - Crypto Markets Brace for Legend’s Next Move

BitMEX founder Arthur Hayes just signaled his triumphant return to crypto investing after receiving Trump's presidential pardon. The market's watching every transaction.
Where's the Smart Money Flowing?
Hayes isn't just dipping toes back in—he's diving headfirst into strategic positions that leverage his infamous market timing. Sources close to the situation hint at concentrated bets on decentralized infrastructure and regulatory-resistant protocols.
Pardon the Disruption
While traditional finance scrambles to understand his moves, Hayes operates with the freedom only political clearance provides. His track record suggests he'll bypass conventional wisdom entirely.
Market makers already adjusting their books—because when Hayes moves, liquidity follows. The ultimate contrarian play? Probably something that makes Wall Street fund managers choke on their overpriced coffee.
Arthur Hayes is Back on the Scene
President Trump has had a huge impact on the crypto community, but his pardon of several BitMEX co-founders is an under-appreciated incident.
The most prominent of these figures was Arthur Hayes, who has spent most of the last few months observing and commenting on the markets, not participating.
Now, however, he’s acting as a major investor again.
Arthur Hayes(@CryptoHayes) spent 1M $USDC to buy 7.66M $BIO 2 hours ago.https://t.co/loeYKUb9rN pic.twitter.com/M3VigsGg7d
— Lookonchain (@lookonchain) August 20, 2025His $1 million Bio Protocol investment caused the altcoin to surge more than 20%, reaching a 3-month high. However, a recent report points to a particular point of interest for Arthur Hayes: Digital Asset Treasury (DAT) firms.
To be clear, Arthur Hayes has a pointed interest in DeSci tokens like BIO. This general focus on science and human longevity-related projects has led to investments in stem cell researchers, new AI use cases, and other non-crypto interests.
Speculative cryptoassets like meme coins also make a noteworthy chunk of his portfolio. In a recent interview, he reiterated his approval for political meme coins, especially those related to President Trump.
Discontent With the DAT Strategy
However, Maelstrom Fund, Arthur Hayes’ family office, has reportedly invested in three DATs. It’s not clear which firms these are or how much Maelstrom has invested, but Hayes is an advisor to Upexi, a solana treasury firm. It may or may not be one of the three stated recipients.
However large these commitments are, it’s SAFE to say that they’re rather substantial. Specifically, an important leader at his fund is publicly expressing doubt in the strategy, which seems unlikely if this were a minor commitment:
“I think the collapse of a major DAT is going to set the dominoes in motion for this bull cycle to end,” claimed Akshat Vaidya, General Partner at Maelstrom.
Arthur Hayes, for his part, touched on these concerns but seemed largely optimistic. His analysis alone has left him an influential figure in the crypto community despite legal setbacks.
Now that he’s an active market player again, he could leave a serious mark on the ecosystem.