Arthur Hayes has offered an intriguing glimpse into his investment strategy by revealing a carefully curated portfolio that integrates cryptocurrencies, commodity-linked stocks, and physical gold. The BitMEX co-founder took to social media to share his current asset allocation, shedding light on how he is positioning himself amid a complex macroeconomic landscape.
Hayes stated, “My portfolio right now. Stonks gold silver copper uranium miners, oil majors, merchants of death, LatAM energy names. Crypto BTC, ETH, ZEC, HYPE. And physical gold.” This disclosure showcases a deliberate mix of digital assets intertwined with traditional industries focused on resources and defense, indicating a macro-driven investment approach rather than a scattergun altcoin strategy.
Stock Holdings Emphasize Resources and Defense
Central to Hayes’ portfolio are equity positions that heavily favor mining and energy companies. His holdings include shares in gold, silver, copper, and uranium miners—sectors historically viewed as hedges against inflation and reliable representations of industrial demand. Particularly, copper is seen as a bellwether for global economic activity, while increased interest in nuclear energy has sparked rising uranium valuations.
Moreover, Hayes’ investments in gold and silver miners allow him to capitalize on precious metal price fluctuations. His portfolio also encompasses major oil companies and Latin American energy firms, which are expected to generate steady cash flows confronted with continued global fuel demands. This regional focus helps add a layer of geographic diversification to his strategic positioning.
Interestingly, Hayes has also integrated defense contractors into his portfolio, reflecting a broader trend of increasing military budgets across various regions. He jokingly referred to these defense firms as “merchants of death,” underscoring his belief that geopolitical tensions could bolster these sectors. His stock strategy resembles those typically managed by macro-focused fund operators, strongly advocating for hard assets in face of global unrest.
Selective Cryptocurrency Investments
When it comes to cryptocurrencies, Hayes has opted for a minimalistic stance, disclosing only four digital assets in his holdings. Bitcoin serves as the core of his strategy, which he has long deemed a hedge against inflationary monetary policies. He also maintains a position in Ethereum, which, despite facing price hurdles compared to Bitcoin, remains a cornerstone for decentralized finance and smart contract applications.
Adding a layer of investment diversity, Hayes has included Zcash, a privacy-centric cryptocurrency, in his portfolio. His previous commentary on privacy’s increasing importance aligns with the rise of blockchain surveillance. Notably, he has been accumulating ZEC since the third quarter of 2025. The fourth token, HYPE, is the native asset of Hyperliquid—an innovative platform focused on decentralized perpetual futures trading. Hayes has been vocal about his belief that HYPE could outmatch other altcoins over the next six months.
The Role of Physical Gold in His Portfolio
In addition to his equities and crypto assets, Hayes emphasizes the significance of holding physical gold. Unlike mining shares, physical gold carries no corporate risks, often positioned as a safeguard against devaluation of currency. Historically, gold tends to appreciate during periods of monetary easing and financial instability, making it a classic choice for investors like Hayes.
In his latest commentary, Hayes hinted at potential major policy changes that could instigate renewed large-scale monetary creation, a factor that might also underlie persistent inflation expectations and ongoing geopolitical pressures. This investment strategy integrating commodity producers, defense firms, and alternative stores of value underscores how Hayes, and many other investors, are allocating their capital in such uncertain times.
As institutional interest in digital assets continues to grow, insights into the portfolios of key figures like Hayes are closely monitored by market participants. While he did not divulge specifics about the size of each position, his disclosed strategy highlights a calculated approach that weaves together traditional macroeconomic sectors with a selected array of blockchain assets.
