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Crypto

Abraxas Capital Bolsters Ethereum Holdings with Fresh Purchase

Guavy AI Editorial Team
Instruments
HYPE ETH
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Abraxas Capital has continued to actively manage its Ethereum holdings, making another significant purchase of Ether (ETH).

In a recent transaction, Abraxas acquired an additional 16,554 Ether over a period of 12 hours.

The total value of this latest purchase is approximately $39.8 million at current prices.

This move comes on the heels of Abraxas maintaining a substantial short position in Ethereum through Hyperliquid, with a total value of about $291.4 million.

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