Arca is an investment firm offering institutional caliber products in the digital asset space. Tweets are not investment or other advice. YMMV.
Joined May 2018
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ICYMI: What’s Driving Token Prices?
Host🎙️@KatieTalati covers:
@Humanityprot — Humanity Protocol exploit leads to unauthorized token minting and token selloff
@Zcash — vulnerability disclosure prompts upcoming privacy pool migration
@Morpho — announces $175M funding round to support future protocol development
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MSTR and Polymarket drive the week
This week’s That’s Our Two Satoshis looks at:
• MSTR’s 32 BTC sale and related market fallout
• Strategy’s preferred obligations and near-term cash-buffer questions
• Polymarket’s MSTR contract resolution after Strategy’s 8-K
• Polymarket rules versus what actually happened in practice
@jdorman81 examines how MSTR’s Bitcoin sale and Polymarket’s disputed resolution raise questions about future BTC selling pressure and Polymarket’s contract-resolution process.
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Read more here 👇
bit.ly/4fsSmvv
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ICYMI: What’s Driving Token Prices?
Host🎙️@KatieTalati covers:
@SuiNetwork — multiple outages cause temporary blockchain halts
@helium — Helium Mobile changes hands in deal with Noble Mobile
@RDNTCapital — announces DAO sunset and end of active development
@ethena — teams up with Coinbase on a new on-chain savings product
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"The issue isn't Bitcoin. The issue is balance sheet management."
Our CIO, Jeff Dorman, joined Laura Shin to discuss why markets reacted so strongly to Strategy's recent decisions and what investors may be overlooking.
Full interview shared below. 👇
Jun 2
"It's just complete balance sheet mismanagement"
Jeff Dorman on why Strategy is being forced to sell Bitcoin
"The market was worried they weren't gonna be able to satisfy the dividend. So they raised about $2 billion and said now you don't have to worry for a year and a half because we have this $2 billion sitting on the balance sheet solely to pay dividends. Everyone breathes a sigh of relief"
"Then a month later he takes 1.4 billion of that cash cushion and buys back some of his convertible debt at 92 cents on the dollar, completely the opposite of what he said the cash was for. He retired 2029 maturity debt, which doesn't come due for three more years"
"Now that one and a half year cash cushion suddenly fell to four months. He comes out on Monday and says we're actually gonna sell some Bitcoin. It's teasing the market that that's the only choice he has now. That's why Bitcoin's imploding, that's why the stock is imploding"
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Prediction markets aren't just for forecasting.
Arca recently executed a $10 million OTC prediction market transaction tied to the CLARITY Act, which we believe represents a novel application of prediction markets as a portfolio risk-management tool.
Thanks to @galaxyhq for partnering on the transaction.
Arca Co-Founder & CIO Jeff Dorman discusses this evolution—and what it could mean for institutional investors—in his Two Satoshis, which you can read here 👉 bit.ly/4x5DGc4
Disclaimer: Not investment advice and not a solicitation or offer to sell securities or investment advisory services.
Today, we're launching institutional OTC prediction markets trading through our Global Markets desk.
Hedge funds, family offices, and other institutional clients can now access prediction market liquidity at sizes and with a level of discretion suited to institutional scale.
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HYPE’s success and MSTR’s questions
This week’s That’s Our Two Satoshis looks at:
• HYPE’s outperformance amid broader crypto market dispersion
• Revenue-producing tokens with buybacks separating from the pack
• Whether HYPE’s success could influence non-crypto token issuance
• Strategy’s capital structure and potential BTC sale questions
@jdorman81 examines HYPE’s token economics and Strategy’s capital structure, highlighting how value accrual and balance-sheet pressure are shaping market debates.
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ICYMI: What’s Driving Token Prices?
Host 🎙️@KatieTalati covers:
@maplefinance - launches “Borrowing Hub” and announces Core DAO settlement
@okx - announces partnership with ICE to list oil perpetual futures
@NEARProtocol - gains momentum following bullish prediction from Arthur Hayes
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We’re excited to share that our General Counsel & CCO, Deborah Djeu, will be speaking at Merkle Meet 2026 in Palo Alto, hosted by @MerkleScience and @PerkinsCoieLLP.
The discussion will cover institutional adoption, compliance, AI, and the evolving digital asset landscape.
June 2 | Register to attend: luma.com/nnn2ounj?locale=en-…
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CLARITY moves closer.
This week’s That’s Our Two Satoshis looks at:
• CLARITY’s progress toward U.S. market structure legislation
• GENIUS as money layer and CLARITY as structure layer
• Decentralization standards and remaining regulatory implementation questions
• Hyperliquid’s growth across stablecoins and synthetic markets
@jdorman81 examines Washington’s progress on digital asset regulation and Hyperliquid’s growth as an example of market infrastructure developing in practice.
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