Arthur Hayes 的 Maelstrom：针对家族办公室的 2.5 亿美元加密货币收购狂潮

Arthur Hayes 的 Maelstrom 正在发起一项 2.5 亿美元的加密货币收购基金，引起轰动。此举标志着加密领域向成熟、现金流业务的转变。

Arthur Hayes' Maelstrom: A $250M Crypto Buyout Spree Targeting Family Offices

Arthur Hayes 的 Maelstrom：针对家族办公室的 2.5 亿美元加密货币收购狂潮

Arthur Hayes, the BitMEX pioneer, is back in the game, but this time with a twist. His family office, Maelstrom, is gearing up for a $250 million crypto buyout spree, and it's all about mature investing.

BitMEX 先驱阿瑟·海耶斯 (Arthur Hayes) 重返赛场，但这次有所不同。他的家族办公室 Maelstrom 正在准备进行 2.5 亿美元的加密货币收购狂潮，而这一切都与成熟的投资有关。

Maelstrom's Ambitious Plan: Buying Up Crypto Companies

Maelstrom 的雄心勃勃的计划：收购加密货币公司

Maelstrom is looking to acquire four to six mid-sized crypto firms, focusing on blockchain infrastructure and analytics. They plan to allocate between $40 million and $75 million per acquisition. This is a major move, signaling a shift away from speculative token investments toward more grounded, cash-flow-positive businesses.

Maelstrom 正在寻求收购四到六家中型加密货币公司，专注于区块链基础设施和分析。他们计划为每次收购分配 4000 万至 7500 万美元。这是一个重大举措，标志着从投机性代币投资转向更脚踏实地、现金流为正的业务。

Why Now? A New Era for Crypto Private Equity

为什么是现在？加密私募股权的新时代

After years of token-based venture capital, Maelstrom's move to private equity reflects a more cautious and mature approach to crypto investment. The fund, Maelstrom Equity Fund I, aims to provide founders with clean exits at fair values. This strategy focuses on equity investments over token holdings, targeting companies with steady cash flow rather than speculative ventures.

经过多年基于代币的风险投资，Maelstrom 转向私募股权反映出对加密货币投资更加谨慎和成熟的态度。该基金名为 Maelstrom Equity Fund I，旨在为创始人提供以公允价值干净退出的方式。该策略侧重于股权投资而非代币持有，针对的是现金流稳定的公司而不是投机企业。

The Hayes Factor: From BitMEX to Crypto Investor

海耶斯因素：从 BitMEX 到加密货币投资者

Hayes' transition from BitMEX co-founder to crypto investor highlights a significant evolution in the industry. Maelstrom blends venture capital and private equity, actively trading in both public and private markets. Hayes' continued interest in developing the crypto ecosystem is further demonstrated through Maelstrom’s Bitcoin grant program.

Hayes 从 BitMEX 联合创始人到加密货币投资者的转变凸显了该行业的重大演变。 Maelstrom 融合了风险投资和私募股权，在公共和私人市场上积极交易。海耶斯对开发加密生态系统的持续兴趣通过 Maelstrom 的比特币资助计划得到了进一步证明。

Appealing to Institutional Investors

吸引机构投资者

Maelstrom is specifically targeting institutional investors, pension funds, and family offices. By avoiding token-centric companies and focusing on stable business models, the fund aims to attract institutions seeking reliable returns. Registering the fund in the United States further provides assurance regarding governance and regulatory frameworks.

Maelstrom 专门针对机构投资者、养老基金和家族办公室。通过避开以代币为中心的公司并专注于稳定的商业模式，该基金旨在吸引寻求可靠回报的机构。在美国注册基金进一步提供了治理和监管框架方面的保证。

The Big Picture: Crypto M&A is Heating Up

大局：加密货币并购正在升温

Maelstrom's launch coincides with a revival in crypto mergers and acquisitions. Deal volumes hit record highs, reflecting renewed institutional confidence in infrastructure deals. Major transactions like Coinbase's acquisition of Deribit and Ripple's purchase of Hidden Road underscore this trend. Maelstrom is positioning itself to capitalize on this increasing investor interest in scalable, risk-adjusted crypto exposure.

Maelstrom 的推出恰逢加密货币并购的复苏。交易量创下历史新高，反映出机构对基础设施交易的信心重拾。 Coinbase 收购 Deribit 和 Ripple 收购 Hidden Road 等重大交易凸显了这一趋势。 Maelstrom 的定位是利用投资者对可扩展、风险调整的加密货币敞口日益增长的兴趣。

Final Thoughts: A Sign of Maturity?

最后的想法：成熟的标志？

Maelstrom's move into private equity signals a potential turning point for the crypto industry. By focusing on cash flow, stable business models, and institutional appeal, Arthur Hayes and his team are betting on a future where crypto investments are less about hype and more about substance. Will Maelstrom's disciplined approach reshape crypto infrastructure? Only time will tell, but one thing's for sure: it's going to be an interesting ride!

Maelstrom 进军私募股权领域标志着加密行业的潜在转折点。通过关注现金流、稳定的商业模式和机构吸引力，Arthur Hayes 和他的团队押注未来加密货币投资将不再是炒作，而是更多地关注实质内容。 Maelstrom 的严格方法会重塑加密基础设施吗？只有时间才能证明一切，但有一件事是肯定的：这将是一次有趣的旅程！