The fund, to be run by Arthur Hayes and two associates, reportedly plans to use $40 million to $75 million for each acquisition of up to six crypto companies.
Maelstrom, the family office connected to BitMEX co-founder Arthur Hayes, is reportedly looking to raise $250 million for a private equity fund aimed at acquiring crypto companies.
According to a Bloomberg report on Friday, the fund plans to use $40 million to $75 million for each acquisition of as many as six crypto companies, with funding expected to be completed by September 2026. Maelstrom will reportedly focus on companies offering trading infrastructure and analytics platforms.
Maelstrom co-founder and managing partner Akshat Vaidya reportedly said investors in the fund “want exposure to the high-cash flow, high-growth crypto sector but lack the capabilities in-house to do this themselves.” Vaidya will reportedly run the fund with Hayes and Adam Schlegel, a new partner at Maelstrom.
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