Market-neutral liquid digital asset fund :: Harnessing crypto volatility for steady gains

Praxos Capital retweeted
About 3 years ago, I started playing in the High Roller poker circuit (WSOP, Triton, Pokerstars) and traveled far and wide to compete. As a personal goal, I wanted to prove to myself that I could compete at something solo but at a globally competitive level. I’ve always had great people around me in my other successes that contributed to my wins (building companies, teams etc) so this was a personal goal. Playing and winning competitive tournament poker against the absolute best human calculators in the world is a big challenge. I was chatting to a pro friend last week and I told him a tournament win is something money cannot buy, which is why I was so challenged by it. It’s technically and emotionally complex and even though I played multiple final tables and came close to winning, I never pulled off a win - until last week. I just won the @PokerStars €30k event in Barcelona last week, and then also cashed 4th place in the €50k event last night. What an amazing trip! Poker has contributed greatly to my personal growth and development in a way I cannot explain. Having a huge goal like this and achieving it requires an incredible amount of perseverance, grit, sacrifice, dedication and a love for the game! In the end, the game actually taught me more about myself than what I actually learnt about the game, believe it or not. I highly recommend learning and playing poker to anyone who is looking for deep introspection into emotional highs and lows! A huge thank you to the poker community for embracing me as one of their own from the outset and the opportunity to learn and grow with them - truly a life changing experience. The outreach and support this past week after my first win has been incredible, thank you to everyone!
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We contributed to the @CIG_Crypto Q3 2026 Outlook on how Praxos Fund II gives allocators crypto's upside within a bounded-loss structure. TLDR: Low-vol fixed-income core + a small, high-leverage crypto sleeve to set max loss in advance. Check it out
CIG’s 3Q26 Active Strategy Outlook Magazine is live! This quarter, leading fund managers and allocators shared in-depth perspectives on RWAs, tokenization, vaults, and the standards institutional capital now demands. 👉 Access the full report here: cryptoinsightsgroup.com/insi…
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Praxos has no exposure to @DriftProtocol. All investor funds are safe.
Drift Protocol is experiencing an active attack. Deposits and withdrawals have been suspended. We are coordinating with multiple security firms, bridges, and exchanges to contain the incident. This is not an April Fools joke. We’ll provide additional updates from this account as more information is available to share.
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🚨 BUYING MSTR VS BITCOIN - WHICH IS BEST? Vinny Lingham, Chairman and Co-founder of Praxos Capital Management, shares his perspective on owning MicroStrategy (Strategy) stock versus Bitcoin. Watch the full interview piped.video/QAHHnTyACKc #bitcoin #microstrategy #mstr
Crypto OG Shares His BIG Predictions on What Comes Next for Bitcoin & Altcoins! WATCH ▶️ piped.video/QAHHnTyACKc Vinny Lingham is a serial entrepreneur, investor, and Crypto OG. He is the Chairman & Co-founder of Praxos Capital Management. Topics: - Is the Bitcoin 4 year cycle over? - Strategy and Digital Asset Treasury risks - Gold backed Stablecoin - Web2 to Web3 transition - AI and Tech adoption outlook #bitcoin #gold #crypto
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Our article, “Deploying Institutional Capital in DeFi: Constraints, Controls, and Reality,” is featured in @CIG_Crypto's 1Q26 Fund Outlook Magazine. On page 26 we share our thoughts on what it takes to deploy capital in crypto markets at scale, from infrastructure and controls to execution under stress.
CIG’s 1Q26 Digital Asset Strategy Outlook Magazine is officially live! This quarter, leading fund managers and institutions provided long-form views on the industry's most pressing buyside topics. 👉 Access the full report here: cryptoinsightsgroup.com/insi…
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Praxos Capital retweeted
Better play is to go true delta-neutral. If BTC crashes, you win If MSTR crashes, you win If both go up, you also go up. @PraxosCap
How BTC/MSTR pair trade plays out : Short MSTR at 2.5-3x MNAV, buy BTC -> Positive effect on the BTC price, creates a somewhat virtuous cycle (dilutes MSTR shareholders as Saylor buys more, but BTC keeps going up - so that’s ok). This is called a compression trade and @RealJimChanos famously played this out perfectly. We’re in the unwind stage now (traders are buying back MSTR/dumping BTC). MNAV is < 1.3 - the meat of the trade is over. Might chop around for a bit, but likely heading to 1.0 MNAV as an equilibrium point. The decompression stage begins when MNAV < 1.0. Then traders will buy MSTR, short BTC (watch funding rates go up). This creates a vicious cycle (as we saw this with GBTC). MSTR can’t really sell more shares to take advantage of a falling BTC price because the underlying asset (in BTC) keeps falling. If this happens during a bear market, it gets worse, until the bull comes back. At some point, Saylor can’t pay the interest on the prefs and has to sell BTC. Herein lies the danger of what MSTR is doing in terms of concentration risk. At the end of the day, I’m just pointing out risk, not saying it will happen. But, let’s watch…
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While markets are crashing, Praxos is operating as normal with no turbulence.
~$1.3B LIQUIDATED FROM THE CRYPTO MARKET IN THE PAST 24H
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Praxos Capital retweeted
We've been saying for a while that the top is in or we're close to it. Many long-biased investors have been speaking to @PraxosCap about hedging their downside risk. We expect significant capital movements into market-neutral funds in the coming months.
Something’s fishy with Bitcoin right now. The Coinbase Premium Index is still tanking hard, that screams US traders dumping like mad🤔 Hope it’s not front-running some nasty news🤷🏻‍♂️ Check the black boxes on the chart: In the last 3 weeks’ sunday pumps, the index was sky-high. This time? Rock bottom🤦🏻‍♂️ Smells like risk to me, so I’m sitting on my hands, no buys yet. What do you think? $BTC $MSTR $ETH
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😉
Excellent read! Great to see @PraxosCap significantly outperforming the Market Neutral fund index.
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Praxos Capital retweeted
Excellent read! Great to see @PraxosCap significantly outperforming the Market Neutral fund index.
CIG’s 4Q25 Digital Asset Fund Outlook Magazine is officially live! This quarter, leading fund managers and allocators provided long-form views on the industry's most pressing buyside topics. Access the full report here: cryptoinsightsgroup.com/insi…
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Praxos Capital retweeted
During the largest liquidation event in crypto history last week, the @PraxosCap risk systems, execution infrastructure, and team exceeded expectations, delivering a ~12% gross gain (before fees). As demonstrated during this black swan event, the fund is designed both to withstand and profit from extreme market conditions.
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Praxos Capital retweeted
Out of an abundance of caution, @PraxosCap will be monitoring the Core v30 Bitcoin software update closely and taking a conservative stance until the upgrade is complete and network conditions are clear.
As a (hopefully) temporary measure, run Knots. I strongly recommend not upgrading to Core v30.
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Praxos Capital retweeted
The smart money will hedge against this. @PraxosCap
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Praxos Capital retweeted
Last night in San Diego, we hosted the first of many @PraxosCap investor dinners. It was a great night with a dozen highly accomplished people, curious about Praxos and the opportunities available in the crypto ecosystem. Amazing food, great wine, interesting conversation. Already starting to plan the next one.
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Replying to @VinnyLingham
That’s when you switch to Praxos™
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Praxos Capital retweeted
I meet with investors nearly every day. A common theme lately: “I’ll rotate into low-vol, risk-off strategies like @PraxosCap in the next 1–3 months.” They think the market will still run, but the crash is coming before the end of the year.
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Praxos Capital retweeted
July performance for @PraxosCap Treasury Management Fund came in past the top of our target range. We’re proud to deliver returns that align with our focus on capital preservation and steady yield. If you’re a qualified client or non-U.S. investor and want to see full performance detail, feel free to reach out.
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