Mechanism Capital Founder Doubles Down on Bitcoin with $200M Long Position

Andrew Kang Bets Big on Bitcoin as Market Volatility Rises

Andrew Kang, the founder of crypto venture firm Mechanism Capital, has significantly upped his bullish bet on Bitcoin (BTC), doubling his position with a $200 million long trade, according to on-chain data tracked by Arkham Intelligence.

In an April 12 post on X (formerly Twitter), Arkham revealed that a wallet linked to Kang had added another $100 million to an existing long position, bringing the total to $200 million, with a projected profit or loss margin of $6.8 million.

“Andrew Kang just doubled his Bitcoin position,” Arkham stated, spotlighting the bold move in an already volatile macro environment.

Trump’s Market Moves Sparked the First $100M Bet

Kang's initial $100 million Bitcoin long came on April 9, just after former President Donald Trump posted to Truth Social:

“THIS IS A GREAT TIME TO BUY!!! DJT”

Source: Arkham

That same day, the Trump administration paused its recently implemented global tariff hike — which had sent traditional and crypto markets tumbling just hours earlier. The sudden policy reversal sparked a rally across risk assets, including Bitcoin.

Kang: ‘Trump Put’ + Trade War Capitulation Is Bullish for BTC

In a follow-up post on April 12, Kang called the combination of the Trump administration’s tariff reversal and the so-called "Trump put" — the belief that Trump will act to protect financial markets — a “perfect combination” for Bitcoin to reverse its multi-month downtrend.

“Trade war capitulation + the Trump put are the perfect combination for BTC to reverse,” Kang wrote.

Senate Democrats Demand Probe into Trump’s Market Impact

Meanwhile, Trump’s April 9 post is facing scrutiny. Senate Democrats sent a letter to the Securities and Exchange Commission (SEC) on April 11, requesting an investigation into possible insider trading or market manipulation.

Kang noted Trump’s April 9 Truth Social post could be a sign of the so-called “Trump put.” Source: Andrew Kang

The letter claims Trump’s post “appears to have previewed his plans” to pause the tariffs — a move that directly influenced both stock and crypto markets.

Bitcoin Volatility Mirrors Tariff Confusion

Bitcoin has been highly volatile amid the back-and-forth around U.S. tariffs. Over the past 24 hours, BTC has seen more than a 2% price swing, dropping to a low of $83,197 before recovering to around $85,000, according to CoinGecko.

On April 13, Trump again weighed in, denying any real “tariff exception” was announced. He clarified that tariffs on Chinese electronics were merely being shifted into a different “Tariff bucket” — one that carries a 20% rate.

Conclusion: High-Stakes Bets in a High-Drama Market

Kang’s bold Bitcoin trade — fueled by political headlines and policy flip-flops — reflects growing speculation around how macro events and political narratives are shaping crypto markets. As uncertainty lingers, investors and regulators alike are watching closely.