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inside Arthur Hayes’ hard-asset portfolio

Arthur Hayes outlines hard-asset portfolio, mixing commodity equities, BTC, ETH, ZEC, HYPE and physical gold. Summary Hayes’ equity book spans gold, silver, copper and uranium miners, major oil producers, defense stocks and Latin American energy names, positioned for inflation and geopolitical risk. His crypto stack includes BTC, ETH, ZEC and HYPE, combining large-cap “monetary” assets…

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Benchmark slashes Metaplanet target as BTC slump drives losses

Benchmark cut Metaplanet’s target after BTC-driven losses despite stronger BTC income. Summary Benchmark trimmed its Metaplanet target from ¥2,400 to ¥1,100 while reiterating a buy view. Metaplanet booked a sizeable net loss on late‑2025 BTC price declines despite higher BTC income revenues. Shares trade near post‑April 2024 BTC‑treasury lows as large holders sit on deep…

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