Huo Xing Finance reports that on September 8, according to Lookonchain data, Abraxas Capital purchased an additional 13,000 ETH spot, worth approximately $32.39 million, to hedge its short position of 141,180 ETH on Hyperliquid, valued at around $353 million.
Abraxas Capital Buys 13,000 ETH to Hedge a 141,180 ETH Short Position
MarsBitShare
Summary
Abraxas Capital executed a purchase of 13,000 ETH, valued at $32.39 million, to support its capital protection strategy. The move targets a short position of 141,180 ETH on Hyperliquid, currently worth $353 million. Position trading remains a key focus as the firm adjusts its exposure. The transaction took place on September 8, 2026, according to MarsBit.
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