ParaFi Capital

We’re exploring the emergence of pre-IPO perpetual markets, which give participants a new way to price, trade, and hedge exposure to private companies like OpenAI and Anthropic before they list. Open interest has grown 11x since August 1, reaching $124.1M on October 11, and

One of the great conversations from ParaFi’s 2026 Investor Day last week. Thank you to @saylor for joining us! Michael Saylor @saylor Oct 17 At the ParaFi Investor Day this week, I presented an overview of digital capital, credit and equity, and then joined Jeff Park ( @dgt10011 ) for a fireside chat on digital assets, digital intelligence, and the future of finance.

Up/Down markets, popularized by prediction market venues, turn price moves into simple binary bets: will BTC rise or fall over the next 15 minutes? These contracts generated $9.3B in notional volume in September 2026, up ~12x YTD and more than 78x YoY. Crypto accounts for 90% of