Mechanism Capital’s Andrew Kang Doubles Down on Bitcoin With $200M Long Position
Andrew Kang, founder of crypto investment firm Mechanism Capital, has significantly increased his bullish bet on Bitcoin, doubling his previous position with an additional $100 million long. The move brings his total leveraged position to $200 million, according to on-chain data from blockchain intelligence platform Arkham.
"Andrew Kang just doubled his Bitcoin position," Arkham stated in an April 12 post on X (formerly Twitter), pointing to wallet activity linked to Kang. The firm reported that the added $100 million position carries a potential profit or loss margin of approximately $6.8 million.
This aggressive market stance follows Kang’s initial $100 million long placed on April 9 coinciding with a post by former U.S. President Donald Trump on Truth Social that read, “THIS IS A GREAT TIME TO BUY!!! DJT.” Shortly afterward, the Trump administration announced a 90-day pause on newly implemented tariffs, a decision that sparked a rally across both crypto and equity markets.
Kang commented on April 12, attributing Bitcoin’s potential trend reversal to what he termed “trade war capitulation” and a “Trump put” the notion that Trump will take measures to boost the stock market. He suggested these developments create ideal conditions for Bitcoin to rebound from its multi-month downtrend.
Meanwhile, political tensions have escalated. Senate Democrats have urged the U.S. Securities and Exchange Commission to investigate Trump and his affiliates for potential insider trading and market manipulation related to the timing of his social media post and the tariff pause announcement.
In the midst of the volatility, Bitcoin has seen sharp price swings. Over the past 24 hours, the cryptocurrency fell to a low of $83,197 before recovering to trade near $85,000, according to CoinGecko. Confusion around U.S.-China tariff policy has added to the market’s uncertainty. Trump later clarified that there was no tariff “exception,” but that certain electronics were reclassified under a 20% tariff rate.
With macroeconomic factors, political headlines, and high-leverage trades converging, Bitcoin markets remain on edge. Investors will be closely watching both the regulatory response and further moves by high-profile traders like Kang.
No Comment to " Mechanism Capital’s Andrew Kang Doubles Down on Bitcoin With $200M Long Position "