Imagine watching $80 million evaporate from your balance sheet because you bought the top of the market. That is the brutal reality facing FG Nexus right now. On February 25, 2026, the FG Nexus Ethereum treasury firm dumped another 7,550 ETH onto the market, locking in massive crypto losses just as prices hover near critical lows. As FG Nexus hits the panic button, a critical question emerges for the rest of us. Is this a sign that the ETH price has further to fall, or is this classic institutional capit ...

Core Viewpoint - Kyle Samani's departure from Multicoin Capital raises questions about internal conflicts regarding investment strategies, particularly in relation to Hyperliquid (HYPE) tokens, which Multicoin had invested over $40 million in [1][2][3]. Group 1: Departure and Criticism - Samani announced his departure on February 5, 2026, marking a significant shift for Multicoin Capital, a key player in institutional crypto investment [2]. - Despite leaving, Samani intends to remain active in the cryptocurrency space, especially within the Solana ecosystem [2]. - Just three days post-departure, Samani publicly criticized Hyperliquid on social media, indicating a clear divergence from Multicoin's investment stance [3][4]. Group 2: Investment and Strategy - Multicoin Capital has been a prominent supporter of Solana, having led a $1.65 billion private investment into Forward Industries in September 2025, aiming to establish a leading Solana treasury company [5]. - The timing of Samani's criticism of Hyperliquid contrasts sharply with Multicoin's significant investment in HYPE tokens, suggesting potential strategic disagreements within the firm [4].

Core Insights - Anthony Scaramucci praised Michael Saylor's strategy for bolstering Strategy Inc.'s balance sheet through Bitcoin purchases and equity sales [1][2] - Strategy Inc. recently acquired 10,624 BTC, valued at approximately $962.7 million, marking its largest weekly purchase since July 2025 [3] - The company's total Bitcoin holdings now amount to 660,624 BTC, acquired for about $49.35 billion, with an average purchase price of roughly $74,696 [3] Financial Performance - Strategy Inc.'s stock has been on a multi-month downtrend, with a current market value of $55.25 billion, which is lower than the value of its Bitcoin holdings at $59.62 billion, indicating the stock is trading at a discount [4] - The stock closed at $183.69 during the regular trading session, reflecting a 2.63% increase, but fell 0.59% in after-hours trading to $182.60 [5] - MSTR has exhibited a very low growth score, indicating limited historical expansion in earnings and revenue compared to other cryptocurrency-linked stocks [5]

Core Viewpoint - Kevin O'Leary believes that FTX will be "the most successful bankruptcy in American history" [1][12] Crypto Investment Strategy - O'Leary recommends allocating no more than 20% of an investment portfolio to cryptocurrencies, stating he has allocated 19.5% [3] - He emphasizes investing in crypto infrastructure rather than just the assets themselves, owning shares in exchanges like Robinhood, Coinbase, and WonderFi Technologies [4][5] - O'Leary compares the current crypto market to the historical gold rush, suggesting that investing in the tools and infrastructure is more prudent than speculating on the assets [5] Market Volatility Insights - O'Leary notes that Bitcoin and Ethereum account for 95% of the volatility in the crypto market, and he holds significant amounts of both along with stablecoins [8] - He views Bitcoin similarly to gold, focusing on the yield generated from holding both Bitcoin and Ethereum rather than trading them [9]