Strix Leviathan

Strix Leviathan was a quantitative cryptocurrency hedge fund based in Seattle, Washington, founded in 2018. The fund applied systematic, algorithmic trading strategies to digital asset markets, using proprietary technology, machine learning, and quantitative research to take long and short positions across the top liquid cryptocurrencies.

The fund operated as an exempt reporting adviser domiciled in Delaware and the British Virgin Islands, targeting institutional investors, high-net-worth individuals, and family offices. Its strategies included algorithmic momentum, trend-following, and pairs trading models, with a focus on risk-adjusted returns over full market cycles. A minimum subscription of $50,000 applied, with a 2% management fee and 20% performance fee structure.

In February 2025, the Strix Leviathan funds were acquired by Parataxis Capital Management, a New York-based crypto hedge fund, combining the two actively managed digital asset operations.