Mechanism Capital’s Andrew Kang Takes $200M Long Position on Bitcoin

Summary of Mechanism Capital’s Andrew Kang Takes $200M Long Position on Bitcoin Andrew Kang, founder of Mechanism Capital, has escalated his bullish stance on Bitcoin by amassing a $200 million leveraged long position, as reported by Arkham. This includes a second $100 million bet placed on April 12, following an initial $100 million long on April 9. Kang’s moves coincide with U.S. President Donald Trump’s social media post claiming it’s a “great time to buy,” followed by a 90-day tariff pause, which Kang views as supportive of Bitcoin’s potential to break a multi-month downtrend. He cites a “Trump put” and shifting trade policies as catalysts. However, the tariff rollback has sparked controversy, with Senate Democrats calling for an SEC probe into possible insider trading linked to Trump’s post. Bitcoin’s price has been volatile, dipping to $83,197 before recovering to around $85,000. Show Less