Key Takeaways
- • Steve Cohen, founder of Point72 Asset Management and owner of the New York Mets, has exited his personal investment in Radkl, a proprietary cryptocurrency trading startup, according to Bloomberg reporting in March 2026.
- • Cohen backed Radkl in an individual capacity rather than through Point72, and the size of his investment remains undisclosed; Radkl was founded in September 2024 by former partners at Wall Street market maker GTS.
- • Radkl has experienced significant personnel turnover, losing at least two managing directors in early 2026 (Jim Greco and Beatrice O'Carroll), with the startup maintaining only 18 employees according to LinkedIn data.
- • Despite Cohen's exit and reported staff departures, Radkl stated it remains "extremely well capitalized" with current investors, though Crunchbase data indicated Cohen was the startup's only listed investor at the time of reporting.
- • Cohen's crypto market participation extends beyond Radkl, with Point72 having made strategic investments in crypto analytics firm Messari, infrastructure platform Zero Hash, and trading platform 24Exchange.
Summary
Steve Cohen, the billionaire hedge fund manager and chairman of Point72 Asset Management, has exited his investment in Radkl, a cryptocurrency trading startup founded in September 2024 by former partners at Wall Street market maker GTS. According to Bloomberg reporting in early March 2026, Cohen provided backing to the firm in a personal capacity rather than through his hedge fund vehicle, with the investment size remaining undisclosed. A source familiar with the matter confirmed his departure from the investment.
Radkl, pronounced "radical," operates as a proprietary cryptocurrency trading firm deploying sophisticated, high-speed computerized trading models to invest in digital assets. The startup has faced notable operational challenges in its first year, including the departure of at least two managing directors—Jim Greco and Beatrice O'Carroll—whose exits were evidenced by their updated LinkedIn profiles in early 2026. The firm's team page, which had previously listed O'Carroll alongside four others, was subsequently deleted. LinkedIn data indicated Radkl maintained a staff of approximately 18 employees at the time of reporting.
In response to news of Cohen's exit, Radkl stated it remains "extremely well capitalized" with its current investor base. However, data from Crunchbase suggested Cohen was the startup's sole identified investor, raising questions about the firm's capital position following his withdrawal. Despite these departures and the investor exit, Radkl continues operations as a cryptocurrency trading entity.
Cohen's involvement in digital assets extends well beyond Radkl. Point72 has made multiple crypto-related investments, including stakes in crypto analytics platform Messari, infrastructure provider Zero Hash, and around-the-clock trading platform 24Exchange. Cohen has signaled strong conviction in the cryptocurrency sector; in a 2025 interview with Stray Reflections, he characterized himself as "fully converted" to crypto. The billionaire's decades-long track record on Wall Street, which includes founding two hedge funds (one of which, SAC Capital, was shut down following a guilty plea to insider trading charges), positions him as a veteran institutional participant in alternative asset classes.
Radkl, pronounced "radical," operates as a proprietary cryptocurrency trading firm deploying sophisticated, high-speed computerized trading models to invest in digital assets. The startup has faced notable operational challenges in its first year, including the departure of at least two managing directors—Jim Greco and Beatrice O'Carroll—whose exits were evidenced by their updated LinkedIn profiles in early 2026. The firm's team page, which had previously listed O'Carroll alongside four others, was subsequently deleted. LinkedIn data indicated Radkl maintained a staff of approximately 18 employees at the time of reporting.
In response to news of Cohen's exit, Radkl stated it remains "extremely well capitalized" with its current investor base. However, data from Crunchbase suggested Cohen was the startup's sole identified investor, raising questions about the firm's capital position following his withdrawal. Despite these departures and the investor exit, Radkl continues operations as a cryptocurrency trading entity.
Cohen's involvement in digital assets extends well beyond Radkl. Point72 has made multiple crypto-related investments, including stakes in crypto analytics platform Messari, infrastructure provider Zero Hash, and around-the-clock trading platform 24Exchange. Cohen has signaled strong conviction in the cryptocurrency sector; in a 2025 interview with Stray Reflections, he characterized himself as "fully converted" to crypto. The billionaire's decades-long track record on Wall Street, which includes founding two hedge funds (one of which, SAC Capital, was shut down following a guilty plea to insider trading charges), positions him as a veteran institutional participant in alternative asset classes.
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