Exclusive: Tether whale Heka thinks MicroStrategy is expensive
Heka Funds is one of the largest USDT arbitrage funds. We asked its manager to comment on Tether as well as MicroStrategy and BTC.
Bitcoin24h
$82,852.56-1.21%
Ethereum24h
$1,793.00-1.97%
XRP24h
$2.05-0.50%
BNB24h
$590.82-1.88%
Solana24h
$115.24-3.82%
Dogecoin24h
$0.1609-3.11%
Cardano24h
$0.6465-1.22%
TRON24h
$0.2388+1.24%
UNUS SED LEO24h
$9.56+1.81%
Toncoin24h
$3.52-8.21%
Exclusive: Tether whale Heka Funds manager explains 100% returns
Heka sub-fund Elysium Global Arbitrage Fund buys Tether from one exchange and sells it on another, taking the difference in the spread.
Meet Heka Funds, the Tether whale that never stops giving
Malta-based Tether client and stablecoin whale Heka Funds regularly turns a profit and since inception has seen returns of 100%.
-
Why is Tether 213% bigger than Circle but 8,000% more profitable?—by Protos Staff
-
Justin Sun bailed out $500M stablecoin TUSD, report—by Protos Staff
-
Tether, MicroStrategy bought billions, yet bitcoin keeps falling—by Protos Staff
-
ICERAID, a “crypto fascist” site, pays snitches—by Protos Staff
-
MicroStrategy bought 2.6% of circulating bitcoin at $67,458 apiece—by Protos Staff
-
Ether whale narrowly avoids liquidation of $117 million position—by Protos Staff
-
ETH crashes to four-year low against BTC—by Protos Staff
-
DeFi security researcher implicated in $50M Radiant Capital hack—by Protos Staff
-
World Liberty Financial announces USD1 without governance vote—by Protos Staff
