Arthur Hayes, the co-founder of the cryptocurrency exchange BitMEX, has publicly revealed the composition of his personal investment portfolio in a detailed social media post. The disclosure offers a rare glimpse into the strategic asset allocation of a prominent industry figure.
In a tweet dated February 23, 2026, Hayes outlined his holdings across three primary categories. His portfolio includes equities focused on commodities and geopolitical themes: gold, silver, copper, and uranium mining stocks; major oil companies; defense contractors (referred to as "merchants of death"); and Latin American energy firms. The cryptocurrency portion of his portfolio consists of four assets: Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), and Hyperliquid (HYPE). Hayes also holds physical gold as a tangible safe-haven asset.
Market analysts and commentators, including Wu Blockchain, have interpreted this allocation as a sophisticated "barbell" investment strategy. This approach pairs lower-risk, inflation-hedging hard assets with higher-risk, high-growth-potential digital assets. The commodity-heavy stock selections are seen as a hedge against global economic uncertainty, inflation, and geopolitical tensions, with uranium and defense stocks specifically aligned with trends in nuclear energy and global conflicts.
Within the crypto segment, Hayes's choices signal a focus on both foundational and niche innovations. Bitcoin and Ethereum are positioned as core, mainstream digital assets. The inclusion of privacy-focused coin Zcash (ZEC) highlights an emphasis on financial privacy, while Hyperliquid (HYPE), a DeFi token, represents a bet on continued innovation within decentralized finance.
By sharing his portfolio, Hayes provides a practical case study in balancing risk management with exposure to technological disruption, a strategy analysts deem particularly relevant for navigating the volatile and unpredictable financial landscape of 2026.
