Abraxas Capital has considerably elevated its Ethereum holdings, now proudly owning over 278,000 ETH valued at roughly $655 million
Abraxas Capital has considerably elevated its Ethereum holdings, now proudly owning over 278,000 ETH valued at roughly $655 million. Since Could 7, the agency has withdrawn 278,639 ETH from cryptocurrency exchanges at a mean value of $2,350 per ETH, leading to an unrealized revenue of $77 million. Prior to now seven hours alone, Abraxas Capital withdrew about 19,834 ETH, value round $51.58 million, from Binance, indicating continued accumulation. Concurrently, the agency has lowered its Bitcoin publicity by $150 million, signaling a strategic shift towards Ethereum investments.
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