Arca | Crypto

The digital asset firm launched OTC prediction markets trading for institutions and completed a $10 million trade tied to U.S. crypto legislation with hedge fund Arca.

Strategy’s capital structure may be under pressure as Arca’s Jeff Dorman highlights $15 billion in preferred stock obligations and CEO comments on possible Bitcoin sales. Strategy is facing renewed scrutiny over its preferred stock financing model as investors question whether dividend obligations could eventually pressure the company to sell some of its Bitcoin. The Strategy situation has “gotten out of hand,” Arca chief investment officer Jeff Dorman said in an X post on Thursday, referring to its roughly $15 billion in preferred stocks carrying around $1.5 billion in annual dividend obligations. Dorman warned that the structure may become increasingly difficult to manage if market conditions remain volatile, with Bitcoin (BTC) trading about 16% lower year-to-date at roughly $73,737 at the time of writing. Read more

Arca’s Jeff Dorman criticized Coinbase CEO Brian Armstrong for referencing prediction market bets during the company’s earnings call. The post Arca’s Jeff Dorman Slams Coinbase CEO for Prediction Market Stunt on Earnings Call appeared first on Cryptonews.

Arca’s Jeff Dorman says most digital assets are still deep in the red this year, making 2025 look more like a selective rally than a true bull market.

Arca's chief investment officer, Jeff Dorman, previously said the investment company would stop doing business with Circle. Arca Chief Investment Officer Jeff Dorman said the digital investment company has sold all of its Circle shares following the stablecoin company’s recent listing on the New York Stock Exchange. The update followed a scathing open letter published by Dorman on social media on June 5, criticizing Circle for giving the investment firm a “throwaway” allocation in Circle’s initial public offering (IPO). According to Dorman, Arca submitted an order for $10 million in Circle shares in April 2025 and only received a $135,000 allocation despite being a long-time supporter and one of the earliest investors to submit a bid. The executive wrote in a now-deleted letter: Read more

Arca was one of the earliest crypto investment firms to back Circle, Arca chief investment officer Jeff Dorman wrote in the letter. Circle is facing criticism from Jeff Dorman, chief investment officer at digital asset investment firm Arca, over a $135,000 allocation to the company during the stablecoin issuer’s recent initial public offering. In an open letter posted to social media, Dorman accused Circle and its leadership of poor judgment, calling the allocation “inappropriate” and announcing the closing of all Arca’s accounts with Circle. According to Dorman’s post, Arca was granted only a $135,000 participation in its $10 million order on the offering. Dorman said Arca was one of the first entities to make an offer. The executive said the company is one of Circle’s earliest backers and held steady even amid rumors of Circle delaying its IPO plans due to the macroeconomic shock of tariffs. The letter read: “Most of Arca’s management team left Wall Street eight years ago to start a crypto-native company sp...