Hayes Dives Back into Crypto with $2.8m ENA and ETH Buys

Arthur Hayes, co-founder of BitMEX, has been buying up assets in the crypto space. On August 3, he purchased 6 million Ethena tokens (ENA) at an average price of $0.09, adding to his existing position for a total value of about $525,000.

This is not the first time Hayes has invested in ENA - however, it's worth noting that his latest purchase comes after he sold some of his Ether holdings just two days prior. According to on-chain analytics account Lookonchain, Hayes repurchased 1,337 ETH at an average price of $1,869, valuing the transaction at about $2.5 million.

In addition to buying back into Ether, Hayes also sent 2.5 million USDC to Galaxy Digital and received the aforementioned 1,337 ETH in exchange.