Maelstrom, the family office connected to Bitmex co-founder Arthur Hayes, is reportedly looking to raise $250 million for a private equity fund that aims to acquire crypto companies.
According to a Bloomberg report on Friday, the fund plans To use $ 40 million to $ 75 million for each acquisition of the number of six crypto companies, with funding expected to be completed in September 2026. Maelstrom will reportedly focus on companies that offer trading platforms and analytics platforms.
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Maelstrom co-founder and managing partner Akshat Vaidya reportedly said investors in the fund “want exposure to the high-cash flow, high crypto sector but lack the in-house capabilities to do it themselves.” Vaidya will reportedly run the fund with Hayes and Adam Schlegel, a new partner at Maelstrom.
Hayes is one of four Bitmex executives who received a pardon from US President Donald Trump in March. The group faces criminal charges related to violations of the US Bank Secrecy Act.
Related: Tom Lee, Arthur Hayes Double Down on $10k ether this year
Hayes stepped down as CEO of Bitmex in 2020 after US authorities charged him and his associates Benjamin Delo, Gregory Dwyer and Samuel Reed with charges related to violations of the US Bank Secrecy Act. Because of his forgiveness, he has become a more visible presence in the crypto industry, offering price predictions and analysis.
Taking over the entire crypto industry
Maelstrom’s intentions have signaled interest from private equity to return to crypto companies, investments that were reportedly lost after the collapse of the FTX exchange in 2022.
This year, Ripple Labs Acquired Gtreasury for $ 1 billionas part of Crypto Payments Company’s acquisition strategy. The purchase A $1.25 billion deal followed For Ripple to acquire Prime Broker Hidden Road in April, and Coinbase to agree to acquire options trading platform debit for $ 2.9 billion in May.
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